Location: Albany-Schenectady-Troy, NY | Metro: Albany-Schenectady-Troy, NY MSA
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,190 |
| 1 Bedroom | $1,370 |
| 2 Bedrooms | $1,640 |
| 3 Bedrooms | $1,950 |
| 4 Bedrooms | $2,160 |
| 5 Bedrooms | $2,506 |
| 6 Bedrooms | $2,807 |
| 7 Bedrooms | $3,032 |
| 8 Bedrooms | $3,184 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,640 | $271,417 | 0.6% | D |
| 3BR | $1,950 | $407,822 | 0.48% | F |
| 4BR | $2,160 | $491,945 | 0.44% | F |
U.S. Census Bureau data (2024)
The ZIP code 12056, located in Duanesburg, NY, presents an interesting mix of yield and stability factors that are crucial for landlords and small-portfolio investors. The Fair Market Rent (FMR) for the fiscal year 2024 is set at $1,390, which is slightly above the market rent of $1,332. This indicates a modest potential for higher rental yields compared to the broader market. However, the median home value in this area is significantly lower at $386,512, suggesting that while rental prices may offer a slight premium, the overall property values are not exceptionally high.
On the stability axis, the ZIP code reveals a smaller percentage of renters at 7.6%. This figure suggests that the majority of residents prefer homeownership, which can lead to less consistent demand for rental properties. Additionally, the median household income is listed at $132,150, indicating a relatively affluent population that may be more likely to purchase homes rather than rent. The lack of available data on days on market (DOM) further complicates the assessment of how quickly rental units can be filled or how competitive the market is for landlords.
Given these specifics, ZIP 12056 leans towards being a steady-cashflow zone rather than a high-yield/low-stability market. The modest gap between FMR and market rent, combined with the lower percentage of renters and higher median income, points to a stable but not highly lucrative rental environment. Investors should expect reliable but not exceptionally high returns, with a focus on long-term investment strategies over quick flips.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.