Section 8 Fair Market Rent (FMR) for ZIP 12025 - 2027
Location: Fulton County, NY | Metro: Albany-Schenectady-Troy, NY MSA
FY 2027 Fair Market Rent Rates
| Unit Size |
Monthly FMR |
| Studio | $1,100 |
| 1 Bedroom | $1,280 |
| 2 Bedrooms | $1,540 |
| 3 Bedrooms | $1,840 |
| 4 Bedrooms | $2,030 |
| 5 Bedrooms | $2,355 |
| 6 Bedrooms | $2,638 |
| 7 Bedrooms | $2,849 |
| 8 Bedrooms | $2,991 |
Demographics & Housing Statistics
U.S. Census Bureau data (2024)
Median Household Income
$74,352
Housing Authorities Serving ZIP 12025
- Town of Colonie (Saratoga Springs, NY) - 440 Section 8 vouchers
- Mechanicville Housing Authority (Mechanicville, NY) - 345 Section 8 vouchers
- Saratoga Springs Housing Authority (Saratoga Springs, NY) - 337 Section 8 vouchers
- Gloversville Housing Authority (Gloversville, NY) - 255 Section 8 vouchers
- Town of Rotterdam (Saratoga Springs, NY) - 249 Section 8 vouchers
- Fort Plain Housing Agency (Saratoga Springs, NY) - 246 Section 8 vouchers
- Village of Ballston Spa (Saratoga Springs, NY) - 163 Section 8 vouchers
- City of Johnstown (Saratoga Springs, NY) - 144 Section 8 vouchers
- Town of Stillwater (Saratoga Springs, NY) - 138 Section 8 vouchers
- Town of Guilderland (Saratoga Springs, NY) - 114 Section 8 vouchers
Broadalbin, located in the zip code 12025 of New York, is a small town that offers a mix of rural charm and access to urban amenities. This area is particularly interesting for real estate investors looking to capitalize on affordable housing options and rental properties.
- The Fair Market Rent (FMR) for a two-bedroom apartment in Broadalbin for fiscal year 2024 is set at $1190, indicating a stable demand for affordable housing units.
- The average market rent, as reported by the Census American Community Survey (ACS), stands at $904 for a typical rental unit, suggesting that there is room for price increases without alienating tenants.
- The median home value in Broadalbin is $288,494, which is relatively low compared to other areas in New York State, making it an attractive option for both first-time buyers and rental investments.
- Renters make up 17.8% of the population, showing a moderate but steady demand for rental properties. This percentage suggests a balance between homeowners and renters, which can be beneficial for diversifying investment portfolios.
- While the exact number of days on the market (DOM) is not available, the combination of moderate rental rates and lower home values indicates that properties could be quickly rented out or sold.
- The median household income in Broadalbin is $74,352, which is sufficient to support rental payments at the FMR level and beyond, ensuring a reliable tenant base.
In summary, Broadalbin presents a balanced market for real estate investment. With a reasonable median home value and a fair market rent that slightly exceeds the actual market rent, there is potential for increasing rental prices while still attracting tenants. The moderate share of renters and adequate median income levels suggest a stable and predictable environment for generating rental income. However, the lack of specific days on the market data means that further local research might be necessary to fully understand the speed of property turnover in the area.
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.