What is the Fair Market Rent for a 2-bedroom in Westchester County, NY Statutory Exception Area?

The HUD Fair Market Rent for a 2-bedroom unit in Westchester County, NY Statutory Exception Area is $2,352 per month for fiscal year 2024. The studio FMR is $1,648, 1-bedroom is $1,934, 3-bedroom is $2,885, and 4-bedroom is $3,132.

What income do you need to afford the FMR in Westchester County, NY Statutory Exception Area?

Using the standard 30%-of-income affordability rule, a household would need to earn about $94,080 per year ($7,840 per month) to afford the FY2024 2-bedroom Fair Market Rent of $2,352 in Westchester County, NY Statutory Exception Area.

FY2024 Fair Market Rents — Westchester County, NY Statutory Exception Area

The HUD-published Fair Market Rents for FY2024 in this area are:

Studio

$1,648

1BR

$1,934

2BR

$2,352

3BR

$2,885

4BR

$3,132

Hours/week at min wage

110 hrs

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

National rank

#23

of 646 U.S. metros (top 4% most expensive)

YoY change (2BR)

+15.9%

+$323 vs FY2023 · 5-yr +32.5%

Voucher payment standard

$2,117–$2,587

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

Westchester County, NY Statutory Exception Area

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

FY2024 Fair Market Rents

Bedroom Size	Monthly FMR	Annual Equivalent
Efficiency (Studio)	$1,648	$19,776
1-Bedroom	$1,934	$23,208
2-Bedroom	$2,352	$28,224
3-Bedroom	$2,885	$34,620
4-Bedroom	$3,132	$37,584

Recent 2-Bedroom FMR Trend

FY2018 $1,687 → FY2024 $2,352

Fiscal Year	Studio	1BR	2BR	3BR	4BR
FY2024	$1,648	$1,934	$2,352	$2,885	$3,132
FY2023	$1,436	$1,669	$2,029	$2,515	$2,782
FY2022	$1,353	$1,566	$1,883	$2,377	$2,682
FY2021	$1,386	$1,619	$1,943	$2,484	$2,823
FY2020	$1,399	$1,641	$1,975	$2,543	$2,855
FY2019	$1,243	$1,463	$1,775	$2,283	$2,598
FY2018	$1,180	$1,384	$1,687	$2,167	$2,466

View full FMR history back to FY2000 →

FY2026 Income Limits

Area Median Income (AMI): $164,200

AMI Level	1p	2p	3p	4p	5p	6p
30% AMI (Extremely Low)	$35,650	$40,750	$45,850	$50,900	$55,000	$59,050
50% AMI (Very Low)	$59,400	$67,850	$76,350	$84,800	$91,600	$98,400
80% AMI (Low)	$88,100	$100,700	$113,300	$125,850	$135,950	$146,000

Full income limits table (all 8 household sizes) →

Affordability Snapshot

2BR Annual FMR

$28,224/yr

FMR as % of Area Median Income

17.2% of AMI

Under 30% — affordable at median income

Income Needed (30% rule, 2BR)

$94,080/yr

$7,840/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	$1,436	$1,642	$1,847	$2,216	$2,380
60% AMI Maximum	$1,724	$1,970	$2,216	$2,660	$2,857

FY2024 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	$1,648	$1,934	$2,352	$2,538	$2,538
Low HOME Rent	$1,367	$1,562	$1,757	$1,952	$2,108

Compare Westchester County, NY Statutory Exception Area 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

Counties in This FMR Area

Westchester County