FY2026 Fair Market Rents — Syracuse, NY MSA
The HUD-published Fair Market Rents for FY2026 in this area are:
Studio
$995
1BR
$1,123
2BR
$1,392
3BR
$1,691
4BR
$1,848
Hours/week at min wage
65 hrs
to afford the 2BR FMR @ $16.50/hr (NY)
YoY change (2BR)
+5.4%
+$71 vs FY2025 · 5-yr +54.5%
Voucher payment standard
$1,253–$1,531
PHAs set HCV payment at 90–110% of the 2BR FMR
Syracuse, 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) | $995 | $11,940 |
| 1-Bedroom | $1,123 | $13,476 |
| 2-Bedroom | $1,392 | $16,704 |
| 3-Bedroom | $1,691 | $20,292 |
| 4-Bedroom | $1,848 | $22,176 |
Recent 2-Bedroom FMR Trend
FY2020 $900 → FY2026 $1,392
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $995 | $1,123 | $1,392 | $1,691 | $1,848 |
| FY2025 | $963 | $1,074 | $1,321 | $1,616 | $1,821 |
| FY2024 | $828 | $916 | $1,126 | $1,381 | $1,600 |
| FY2023 | $801 | $897 | $1,109 | $1,367 | $1,579 |
| FY2022 | $694 | $781 | $966 | $1,198 | $1,390 |
| FY2021 | $648 | $729 | $901 | $1,124 | $1,303 |
| FY2020 | $633 | $723 | $900 | $1,127 | $1,291 |
View full FMR history back to FY2000 →
FY2026 Income Limits
Area Median Income (AMI): $106,800
| AMI Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI (Extremely Low) | $22,450 | $25,650 | $28,850 | $33,000 | $38,680 | $44,360 |
| 50% AMI (Very Low) | $37,400 | $42,750 | $48,100 | $53,400 | $57,700 | $61,950 |
| 80% AMI (Low) | $59,850 | $68,400 | $76,950 | $85,450 | $92,300 | $99,150 |
Full income limits table (all 8 household sizes) →
Affordability Snapshot
2BR Annual FMR
$16,704/yr
FMR as % of Area Median Income
15.6% of AMI
Under 30% — affordable at median income
Income Needed (30% rule, 2BR)
$55,680/yr
$4,640/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 | $934 | $1,068 | $1,201 | $1,441 | $1,548 |
| 60% AMI Maximum | $1,121 | $1,281 | $1,441 | $1,730 | $1,858 |
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 | $995 | $1,123 | $1,392 | $1,691 | $1,735 |
| Low HOME Rent | $935 | $1,068 | $1,202 | $1,335 | $1,442 |
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