FY2027 Small Area FMR · Trumansburg, NY
ZIP 14886 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 14886 (Trumansburg, NY) is $1,580 a month, up 1.3% from FY2026. That is 8% below the Ithaca, NY area-wide FMR of $1,709.
Payment standard range, 2 bedrooms
Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.
FY2027 FY2026
Where 14886 sits in the Ithaca, NY area
Of the 21 ZIP codes HUD lists for the area, 14886 has the 10th highest two-bedroom Small Area FMR. Ithaca, 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 $1,709 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,580 for this ZIP code instead.
ZIP code 14886 crosses more than one HUD area. HUD also lists it under Schuyler County, NY (same figures) and Seneca County, NY (same figures). The figure that applies depends on which side of the line the home is.
All unit sizes
| Unit | FY2027 SAFMR | Payment standard range | Area-wide FMR | FY2026 SAFMR |
|---|---|---|---|---|
| Studio | $1,140 | $1,026 – $1,254 | $1,198 | $1,190 |
| 1 bedroom | $1,320 | $1,188 – $1,452 | $1,427 | $1,350 |
| 2 bedrooms | $1,580 | $1,422 – $1,738 | $1,709 | $1,560 |
| 3 bedrooms | $1,900 | $1,710 – $2,090 | $2,040 | $1,950 |
| 4 bedrooms | $2,370 | $2,133 – $2,607 | $2,631 | $2,280 |
A household renting a two-bedroom home at the Small Area FMR of $1,580 needs about $63,200 a year to keep housing costs at 30% of income. The area median family income is $118,000 and the 80% low-income limit for four people is $94,400. ZIP code 14886 lies mainly in Tompkins County, Schuyler County and Seneca County. See the Ithaca, NY county page for the full income limits table and the household check.
Nearby ZIP codes
Questions
What is the Fair Market Rent for ZIP code 14886?
HUD's FY2027 Small Area Fair Market Rents for 14886 are $1,140 (studio), $1,320 (1 BR), $1,580 (2 BR), $1,900 (3 BR) and $2,370 (4 BR) a month.
What is the Section 8 payment standard in 14886?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 14886 that range is $1,422 to $1,738 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 14886?
The FY2026 income limits of the Ithaca, NY area apply: median family income $118,000, low-income (80%) limit $94,400 for a family of four.