Tompkins County, NY

2024 Fair Market Rents

Tags: 2024 Ithaca, NY MSA

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The top four largest cities in Tompkins County are Ithaca, Freeville, Etna, and Mc Lean. Fair Market Rents on this page may apply depending on whether the county uses SAFMRs or county level FMRs. Cities in multiple SAFMR areas will have different SAFMRS based on ZIP code.

What type of FMR does Tompkins County use?

Small Area Fair Market Rents were created by the HUD for this county/Metro Fmr Area however Tompkins County is not required to use Small Area FMRs by the HUD. It is at the discretion of the local Housing Authority to determine if SAFMRs or 40th percentile FMRs are used.

To learn more about the criteria the HUD uses to determine if a Metro FMR Area requires Small Area Fair Market Rents click here.

How does Tompkins County compare?

Tompkins County ($1,664) has a 19% higher FMR for 2-Bedroom housing than the average of New York ($1,398) and therefore a higher gross rent.

Tompkins County is rank 14th out of 62 counties. This means the FMRs, or in other words, the gross rent is higher than 48 other counties. Tompkins County is the 14th most expensive county in terms of FMRs.

Rent Tables Tompkins County, NY

Fair Market Rent (40th Percentile)

$1,311
studio
$1,434
1-Bedroom
$1,664
2-Bedroom
$2,056
3-Bedroom
$2,229
4-Bedroom

Median Rent (50th Percentile)

$1,453
studio
$1,590
1-Bedroom
$1,845
2-Bedroom
$2,279
3-Bedroom
$2,472
4-Bedroom

Small Market Areas (By Zip Code)

The 90% and 110% SAFMRs represent the minimum and maximum payment standards that can be set by the local Public Housing Authority under regular conditions. The payment standard is the actual value used in Section 8. For more on payment standards click here.

FMRs and SAFMRs are set by the HUD. The local PHA takes these FMR/SAFMR values and may decide to use any value that is within +-10% of the FMR/SAFMR as the payment standard for the areas under their jurisdiction.

For a more in-depth explaination return to the overview page.

ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
13062 $1,110 $1,210 $1,400 $1,730 $1,880
13068 $1,070 $1,150 $1,340 $1,710 $1,800
13102 $1,070 $1,150 $1,340 $1,710 $1,800
14850 $1,390 $1,520 $1,760 $2,170 $2,360
14851 $1,310 $1,430 $1,660 $2,050 $2,220
14852 $1,310 $1,430 $1,660 $2,050 $2,220
14853 $1,390 $1,520 $1,760 $2,170 $2,360
14854 $1,210 $1,320 $1,530 $1,890 $2,050
14881 $1,350 $1,470 $1,710 $2,110 $2,290
ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
13062 $999 $1,089 $1,260 $1,557 $1,692
13068 $963 $1,035 $1,206 $1,539 $1,620
13102 $963 $1,035 $1,206 $1,539 $1,620
14850 $1,251 $1,368 $1,584 $1,953 $2,124
14851 $1,179 $1,287 $1,494 $1,845 $1,998
14852 $1,179 $1,287 $1,494 $1,845 $1,998
14853 $1,251 $1,368 $1,584 $1,953 $2,124
14854 $1,089 $1,188 $1,377 $1,701 $1,845
14881 $1,215 $1,323 $1,539 $1,899 $2,061
ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
13062 $1,221 $1,331 $1,540 $1,903 $2,068
13068 $1,177 $1,265 $1,474 $1,881 $1,980
13102 $1,177 $1,265 $1,474 $1,881 $1,980
14850 $1,529 $1,672 $1,936 $2,387 $2,596
14851 $1,441 $1,573 $1,826 $2,255 $2,442
14852 $1,441 $1,573 $1,826 $2,255 $2,442
14853 $1,529 $1,672 $1,936 $2,387 $2,596
14854 $1,331 $1,452 $1,683 $2,079 $2,255
14881 $1,485 $1,617 $1,881 $2,321 $2,519

Fair Market Rents on this page apply to the following cities in Tompkins County, New York: Ithaca, Freeville, Etna, Mc Lean, Jacksonville, and Slaterville Springs.

These Fair Market Rents also apply to the following ZIP codes in Tompkins County, New York: 14850, 13068, 14851, 14853, 13062, 13102, 14852, 14854, and 14881.

Tompkins County, NY is considered part of the following metro FMR area: ITHACA, NY MSA.

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Data Source

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Fair Market Rents are published by the Department of Housing And Urban Development.