What is the Fair Market Rent in the Town of Somerset, NY?
HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home runs from $1,170 to $1,210 a month across the 2 ZIP codes that cover the Town of Somerset.
By ZIP code: 14012 $1,210, 14008 $1,170.
Across the whole Buffalo-Cheektowaga, NY MSA the two-bedroom figure is $1,423.
The Census Bureau’s median gross rent for a two-bedroom home in the Town of Somerset is $1,136 (±$204), within its margin of the Small Area figure for ZIP 14012.
Figures last updated on .
- 2 bedrooms, whole area
- $1,423
- 2 bedrooms, ZIP 14012
- $1,210
- 2 bedrooms, ZIP 14008
- $1,170
Fair Market Rents for the Town of Somerset, fiscal year 2027
| Studio | 1 bedroom | 2 bedrooms | 3 bedrooms | 4 bedrooms | Census median rent | |
|---|---|---|---|---|---|---|
| Buffalo-Cheektowaga, NY MSA (whole area) | $1,178 | $1,203 | $1,423 | $1,732 | $1,977 | — |
| ZIP 14012 (94% of the ZIP’s land is in this place) | $1,000 | $1,020 | $1,210 | $1,470 | $1,680 | $715 |
| ZIP 14008 (27% of the ZIP’s land is in this place) | $970 | $990 | $1,170 | $1,420 | $1,620 | $629 |
A Fair Market Rent is HUD’s estimate of the gross rent (shelter plus utilities) of a modest rental home in the area.
Whether a housing authority uses the ZIP code (Small Area) figures or the area-wide one depends on whether HUD has designated the area for Small Area FMRs or the authority has opted in; ask the local housing authority which applies.
A New York town includes the villages and hamlets inside it, so the figures for the Town of Somerset include them.
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Questions about Town of Somerset
What is the Section 8 payment standard in the Town of Somerset?
Housing authorities set payment standards between 90% and 110% of HUD’s Fair Market Rent; for fiscal year 2027, the two-bedroom Fair Market Rent for the Buffalo-Cheektowaga, NY MSA is $1,423, and the Small Area figure for 14012 is $1,210.
What is the Fair Market Rent for a two-bedroom in ZIP 14012?
HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 14012 is $1,210 a month; the Census Bureau’s median gross rent across that ZIP code, for homes of every size, is $715 (±$433).
What is the Fair Market Rent for a two-bedroom in ZIP 14008?
HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 14008 is $1,170 a month; the Census Bureau’s median gross rent across that ZIP code, for homes of every size, is $629 (±$339).
What is the Fair Market Rent for a one-bedroom in the Town of Somerset?
HUD’s fiscal year 2027 Small Area Fair Market Rent for a one-bedroom home in ZIP 14012 is $1,020 a month, against $1,203 across the Buffalo-Cheektowaga, NY MSA.
Sources
- HUD Fair Market Rents, fiscal year 2027: Buffalo-Cheektowaga, NY MSA
- HUD Small Area Fair Market Rents, fiscal year 2027
- HUD Income Limits, fiscal year 2026: Buffalo-Cheektowaga, NY MSA
- US Census Bureau, American Community Survey 2020–2024 5-year estimates for ZIP Code Tabulation Areas
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
- Housing in the Town of Somerset at a glance
- Median rent in the Town of Somerset
- Renters and owners in the Town of Somerset
- Income and affordability in the Town of Somerset
- Home values in the Town of Somerset
- Homeowner costs in the Town of Somerset
- Property taxes in the Town of Somerset
- Types of homes in the Town of Somerset
- Bedrooms in the Town of Somerset
- Age of homes in the Town of Somerset
- Heating fuel in the Town of Somerset
- Commute and cars in the Town of Somerset
- Crime reported to police in the Town of Somerset
- Population growth in the Town of Somerset
- How long people stay in the Town of Somerset
- New York landlord and tenant rules
- Housing across Niagara County
- Housing data for every place in New York