What is the Fair Market Rent for a 2-bedroom in Watertown-Fort Drum, NY MSA?

The HUD Fair Market Rent for a 2-bedroom unit in Watertown-Fort Drum, NY MSA is $1,405 per month for fiscal year 2026. The studio FMR is $969, 1-bedroom is $1,071, 3-bedroom is $1,907, and 4-bedroom is $2,340.

What income do you need to afford the FMR in Watertown-Fort Drum, NY MSA?

Using the standard 30%-of-income affordability rule, a household would need to earn about $56,200 per year ($4,683 per month) to afford the FY2026 2-bedroom Fair Market Rent of $1,405 in Watertown-Fort Drum, NY MSA.

FY2026 Fair Market Rents — Watertown-Fort Drum, NY MSA

The HUD-published Fair Market Rents for FY2026 in this area are:

Studio

$969

1BR

$1,071

2BR

$1,405

3BR

$1,907

4BR

$2,340

Hours/week at min wage

66 hrs

to afford the 2BR FMR @ $16.50/hr (NY)

YoY change (2BR)

+9.6%

+$123 vs FY2025 · 5-yr +34.2%

Voucher payment standard

$1,265–$1,546

PHAs set HCV payment at 90–110% of the 2BR FMR

Watertown-Fort Drum, NY MSA

Non-Metropolitan area · NY · View full history · Income limits · LIHTC rents

FY2026 Fair Market Rents

Bedroom Size	Monthly FMR	Annual Equivalent
Efficiency (Studio)	$969	$11,628
1-Bedroom	$1,071	$12,852
2-Bedroom	$1,405	$16,860
3-Bedroom	$1,907	$22,884
4-Bedroom	$2,340	$28,080

Recent 2-Bedroom FMR Trend

FY2020 $1,099 → FY2026 $1,405

Fiscal Year	Studio	1BR	2BR	3BR	4BR
FY2026	$969	$1,071	$1,405	$1,907	$2,340
FY2025	$889	$977	$1,282	$1,740	$2,133
FY2024	$922	$1,035	$1,360	$1,843	$2,231
FY2023	$816	$928	$1,221	$1,650	$1,951
FY2022	$786	$899	$1,183	$1,587	$1,864
FY2021	$691	$794	$1,047	$1,389	$1,610
FY2020	$716	$834	$1,099	$1,432	$1,637

View full FMR history back to FY2000 →

FY2026 Income Limits

Area Median Income (AMI): $86,600

AMI Level	1p	2p	3p	4p	5p	6p
30% AMI (Extremely Low)	$18,900	$21,640	$27,320	$33,000	$38,680	$44,360
50% AMI (Very Low)	$31,500	$36,000	$40,500	$44,950	$48,550	$52,150
80% AMI (Low)	$50,350	$57,550	$64,750	$71,900	$77,700	$83,450

Full income limits table (all 8 household sizes) →

Affordability Snapshot

2BR Annual FMR

$16,860/yr

FMR as % of Area Median Income

19.5% of AMI

Under 30% — affordable at median income

Income Needed (30% rule, 2BR)

$56,200/yr

$4,683/mo gross income

FY2026 LIHTC Maximum Rents

Maximum gross rents for Low-Income Housing Tax Credit units, by income band. Full LIHTC details →

AMI Band	Studio	1BR	2BR	3BR	4BR
50% AMI Maximum	$757	$866	$974	$1,169	$1,255
60% AMI Maximum	$909	$1,039	$1,169	$1,402	$1,506

FY2026 HOME Program Rent Limits

Maximum rents for HOME Investment Partnerships–funded units. High HOME rents apply to most assisted units; Low HOME rents apply to the lowest-income set-aside units. Full HOME rent details →

Limit Type	Studio	1BR	2BR	3BR	4BR
High HOME Rent	$969	$1,071	$1,405	$1,407	$1,407
Low HOME Rent	$787	$900	$1,012	$1,123	$1,213

Compare Watertown-Fort Drum, NY MSA With Other NY Metros

vs. Albany-Schenectady-Troy, NY MSA vs. Binghamton, NY MSA vs. Buffalo-Cheektowaga-Niagara Falls, NY MSA vs. Elmira, NY MSA vs. Glens Falls, NY MSA