FY2024 Fair Market Rents — Westchester County
Studio
$1,648
1BR
$1,934
2BR
$2,352
3BR
$2,885
4BR
$3,132
Westchester County, New York
FIPS 36119 · County-level FMR and income limit data
FMR Area: Westchester County, NY Statutory Exception Area
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 |
To afford the FY2024 2-bedroom FMR of $2,352/mo under the 30%-of-income rule, a household needs about
$94,080/yr ($7,840/mo). Area Median Income is $164,200.
At NY's state minimum wage of $16.50/hr, a worker would need to work 110 hours/week to afford that rent.
Recent FMR Trend
| 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 |
FY2026 Income Limits
Area Median Income: $164,200
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $35,650 | $40,750 | $45,850 | $50,900 | $55,000 | $59,050 |
| 50% AMI | $59,400 | $67,850 | $76,350 | $84,800 | $91,600 | $98,400 |
| 80% AMI | $88,100 | $100,700 | $113,300 | $125,850 | $135,950 | $146,000 |