New York-Newark-Jersey City Fair Market Rent 2026
HUD Fair Market Rent data for the New York-Newark-Jersey City metropolitan area. Median household income: $124,777/year. Vacancy rate: 2.7%.
2BR FMR
$2,293/mo
Median Income
$124,777
Vacancy Rate
2.7%
Rent Burden
22.1%
Fair Market Rent by Bedroom Size
Affordability Analysis
Based on the 30% rule, a household earning the median income of $124,777/year can afford up to $3,119/mo in rent.
The 2BR FMR of $2,293/mo represents 22.1% of median income, which is within the 30% affordability threshold.
Rental Market Conditions
The vacancy rate of 2.7% in New York-Newark-Jersey City indicates a tight rental market. Low vacancy means more competition for available units and potential upward pressure on rents.
Frequently Asked Questions
What is the average rent in New York-Newark-Jersey City?
The 2026 HUD FMR for a 2-bedroom in the New York-Newark-Jersey City metro area is $2,293/month. 1BR: $1,813, 3BR: $2,674.
What is the vacancy rate in New York-Newark-Jersey City?
The rental vacancy rate in New York-Newark-Jersey City is 2.7%. A rate below 5% typically indicates a tight rental market.
Is New York-Newark-Jersey City affordable for renters?
With a median income of $124,777 and 2BR rent at $2,293/mo, rent takes about 22% of income in New York-Newark-Jersey City.
Compare with Other Metro Areas
San Jose-Sunnyvale-Santa Clara
2BR: $2,412/mo
San Francisco-Oakland-Berkeley
2BR: $2,200/mo
Honolulu
2BR: $1,937/mo
Los Angeles-Long Beach-Anaheim
2BR: $1,888/mo
San Diego-Chula Vista-Carlsbad
2BR: $1,856/mo
Oxnard-Thousand Oaks-Ventura
2BR: $1,761/mo
Santa Cruz-Watsonville
2BR: $1,760/mo
Boston-Cambridge-Newton
2BR: $1,754/mo
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