FY2027 Small Area FMR · Frankfort, NY

ZIP 13340 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 13340 (Frankfort, NY) is $1,140 a month, up 3.6% from FY2026. That is 6% below the Utica-Rome, NY area-wide FMR of $1,210.

2-bedroom SAFMR$1,140per month ▲ 3.6%

Area-wide 2 BR FMR$1,210Utica-Rome, NY

Rank in the area52ndof 84 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,026

2 BR Small Area FMR$1,140

110% of SAFMR$1,254

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

Studio$810▼ 3.6%

1 BR$890▲ 2.3%

2 BR$1,140▲ 3.6%

3 BR$1,360▲ 3.0%

4 BR$1,540▲ 1.3%

FY2027 FY2026

Where 13340 sits in the Utica-Rome, NY area

Of the 84 ZIP codes HUD lists for the area, 13340 has the 52nd highest two-bedroom Small Area FMR. Utica-Rome, 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 $1,210 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,140 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	$810	$729 – $891	$857	$840
1 bedroom	$890	$801 – $979	$946	$870
2 bedrooms	$1,140	$1,026 – $1,254	$1,210	$1,100
3 bedrooms	$1,360	$1,224 – $1,496	$1,442	$1,320
4 bedrooms	$1,540	$1,386 – $1,694	$1,636	$1,520

A household renting a two-bedroom home at the Small Area FMR of $1,140 needs about $45,600 a year to keep housing costs at 30% of income. The area median family income is $98,500 and the 80% low-income limit for four people is $78,300. ZIP code 13340 lies mainly in Herkimer County. See the Utica-Rome, NY metro page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
13501	Utica	5.1 mi	$1,170
13502	Utica	5.7 mi	$1,300
13350	Herkimer	6.5 mi	$1,130
13357	Ilion	6.7 mi	$1,190
13319	Chadwicks	7.4 mi	$1,060
13413	New Hartford	7.6 mi	$1,440

Questions

What is the Fair Market Rent for ZIP code 13340?

HUD's FY2027 Small Area Fair Market Rents for 13340 are $810 (studio), $890 (1 BR), $1,140 (2 BR), $1,360 (3 BR) and $1,540 (4 BR) a month.

What is the Section 8 payment standard in 13340?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 13340 that range is $1,026 to $1,254 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 13340?

The FY2026 income limits of the Utica-Rome, NY area apply: median family income $98,500, low-income (80%) limit $78,300 for a family of four.