FY2027 Small Area FMR · Elmira, NY

ZIP 14903 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 14903 (Elmira, NY) is $1,250 a month, up 6.8% from FY2026. That is 7% below the Elmira, NY area-wide FMR of $1,348.

2-bedroom SAFMR$1,250per month ▲ 6.8%

Area-wide 2 BR FMR$1,348Elmira, NY

Rank in the area18thof 24 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,125

2 BR Small Area FMR$1,250

110% of SAFMR$1,375

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

Studio$950▲ 9.2%

1 BR$960▲ 7.9%

2 BR$1,250▲ 6.8%

3 BR$1,520▲ 3.4%

4 BR$1,660▲ 6.4%

FY2027 FY2026

Where 14903 sits in the Elmira, NY area

Of the 24 ZIP codes HUD lists for the area, 14903 has the 18th highest two-bedroom Small Area FMR. Elmira, 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 $1,348 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,250 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	$950	$855 – $1,045	$1,020	$870
1 bedroom	$960	$864 – $1,056	$1,030	$890
2 bedrooms	$1,250	$1,125 – $1,375	$1,348	$1,170
3 bedrooms	$1,520	$1,368 – $1,672	$1,643	$1,470
4 bedrooms	$1,660	$1,494 – $1,826	$1,793	$1,560

A household renting a two-bedroom home at the Small Area FMR of $1,250 needs about $50,000 a year to keep housing costs at 30% of income. The area median family income is $89,800 and the 80% low-income limit for four people is $71,900. ZIP code 14903 lies mainly in Chemung County. See the Elmira, NY county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
14905	Elmira	3.4 mi	$1,410
14814	Big Flats	4.8 mi	$1,310
14904	Elmira	5.6 mi	$1,340
14845	Horseheads	6.1 mi	$1,500
14871	Pine City	6.7 mi	$1,380
14901	Elmira	7.1 mi	$1,160

Questions

What is the Fair Market Rent for ZIP code 14903?

HUD's FY2027 Small Area Fair Market Rents for 14903 are $950 (studio), $960 (1 BR), $1,250 (2 BR), $1,520 (3 BR) and $1,660 (4 BR) a month.

What is the Section 8 payment standard in 14903?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 14903 that range is $1,125 to $1,375 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 14903?

The FY2026 income limits of the Elmira, NY area apply: median family income $89,800, low-income (80%) limit $71,900 for a family of four.