Section 8 Fair Market Rent (FMR) for ZIP 14881 - 2027

Location: Ithaca, NY | Metro: Ithaca, NY MSA

FY 2027 Fair Market Rent Rates

Unit Size Monthly FMR
Studio$1,310
1 Bedroom$1,550
2 Bedrooms$1,860
3 Bedrooms$2,230
4 Bedrooms$2,860
5 Bedrooms$3,318
6 Bedrooms$3,716
7 Bedrooms$4,013
8 Bedrooms$4,214

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population
117
Median Household Income
$89,063
Housing Units
68
Renter Percentage
50.9%
Occupancy Rate
80.9%
Renter Occupied
28

Data Sources: FMR data from HUD (2027). Demographics from U.S. Census (2024).

About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.