FY2027 Small Area FMR · Elka Park, NY

ZIP 12427 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 12427 (Elka Park, NY) is $1,520 a month, down 8.4% from FY2026. That is 12% above the Greene County, NY area-wide FMR of $1,354.

2-bedroom SAFMR$1,520per month ▼ 8.4%

Area-wide 2 BR FMR$1,354Greene County, NY

Rank in the area13thof 43 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,368

2 BR Small Area FMR$1,520

110% of SAFMR$1,672

Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.

Studio$1,080▼ 10.0%

1 BR$1,200▼ 7.7%

2 BR$1,520▼ 8.4%

3 BR$1,920▼ 8.6%

4 BR$2,200▼ 4.8%

FY2027 FY2026

Where 12427 sits in the Greene County, NY area

Of the 43 ZIP codes HUD lists for the area, 12427 has the 13th highest two-bedroom Small Area FMR. Greene County, NY is not on HUD's list of mandatory Small Area FMR areas, so voucher payment standards here are normally based on the area-wide FMR of $1,354 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,520 for this ZIP code instead.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$1,080	$972 – $1,188	$961	$1,200
1 bedroom	$1,200	$1,080 – $1,320	$1,095	$1,300
2 bedrooms	$1,520	$1,368 – $1,672	$1,354	$1,660
3 bedrooms	$1,920	$1,728 – $2,112	$1,768	$2,100
4 bedrooms	$2,200	$1,980 – $2,420	$2,106	$2,310

A household renting a two-bedroom home at the Small Area FMR of $1,520 needs about $60,800 a year to keep housing costs at 30% of income. The area median family income is $106,500 and the 80% low-income limit for four people is $85,200. ZIP code 12427 lies mainly in Greene County. See the Greene County, NY county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
12448	Lake Hill	3.5 mi	$1,880
12485	Tannersville	4.9 mi	$1,370
12436	Haines Falls	5.3 mi	$1,350
12450	Lanesville	5.5 mi	$1,350
12498	Woodstock	6.3 mi	$2,300
12495	Willow	6.3 mi	$1,880

Questions

What is the Fair Market Rent for ZIP code 12427?

HUD's FY2027 Small Area Fair Market Rents for 12427 are $1,080 (studio), $1,200 (1 BR), $1,520 (2 BR), $1,920 (3 BR) and $2,200 (4 BR) a month.

What is the Section 8 payment standard in 12427?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 12427 that range is $1,368 to $1,672 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 12427?

The FY2026 income limits of the Greene County, NY area apply: median family income $106,500, low-income (80%) limit $85,200 for a family of four.