FY2027 Small Area FMR · Lake Placid, NY

ZIP 12946 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 12946 (Lake Placid, NY) is $1,290 a month, unchanged from FY2026. That is 10% above the Essex County, NY area-wide FMR of $1,171.

2-bedroom SAFMR$1,290per month ■ 0.0%

Area-wide 2 BR FMR$1,171Essex County, NY

Rank in the area11thof 39 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,161

2 BR Small Area FMR$1,290

110% of SAFMR$1,419

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

Studio$940▼ 3.1%

1 BR$990▲ 1.0%

2 BR$1,290■ 0.0%

3 BR$1,570▼ 0.6%

4 BR$1,800▲ 0.6%

FY2027 FY2026

Where 12946 sits in the Essex County, NY area

Of the 39 ZIP codes HUD lists for the area, 12946 has the 11th highest two-bedroom Small Area FMR. Essex 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 $1,171 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,290 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	$940	$846 – $1,034	$858	$970
1 bedroom	$990	$891 – $1,089	$895	$980
2 bedrooms	$1,290	$1,161 – $1,419	$1,171	$1,290
3 bedrooms	$1,570	$1,413 – $1,727	$1,425	$1,580
4 bedrooms	$1,800	$1,620 – $1,980	$1,631	$1,790

A household renting a two-bedroom home at the Small Area FMR of $1,290 needs about $51,600 a year to keep housing costs at 30% of income. The area median family income is $94,200 and the 80% low-income limit for four people is $75,350. ZIP code 12946 lies mainly in Essex County. See the Essex County, NY county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
12977	Ray Brook	5.0 mi	$1,150
12983	Saranac Lake	8.6 mi	$1,070
12943	Keene Valley	9.9 mi	$1,520
12942	Keene	11.2 mi	$1,760
12945	Lake Clear	11.9 mi	$1,030
12997	Wilmington	13.8 mi	$1,480

Questions

What is the Fair Market Rent for ZIP code 12946?

HUD's FY2027 Small Area Fair Market Rents for 12946 are $940 (studio), $990 (1 BR), $1,290 (2 BR), $1,570 (3 BR) and $1,800 (4 BR) a month.

What is the Section 8 payment standard in 12946?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 12946 that range is $1,161 to $1,419 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 12946?

The FY2026 income limits of the Essex County, NY area apply: median family income $94,200, low-income (80%) limit $75,350 for a family of four.