Location: Glens Falls, 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 | $1,100 |
| 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 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,540 | $226,019 | 0.68% | D |
| 3BR | $1,840 | $282,391 | 0.65% | D |
| 4BR | $2,030 | $331,406 | 0.61% | D |
U.S. Census Bureau data (2024)
The analysis of ZIP code 12057, located in Eagle Bridge, NY, within the Glens Falls, NY MSA, reveals key insights for landlords and small-portfolio investors.
The first question addresses whether the rent math works. The Fair Market Rent (FMR) for ZIP 12057 in fiscal year 2024 is set at $1190. However, without specific market rent data, it's challenging to provide a direct comparison. Landlords should aim to align their rental rates with the FMR to ensure compliance with housing assistance guidelines.
Regarding the affordability of property acquisition, the median home value in ZIP 12057 is $260,595. This figure indicates that purchasing a home in this area is relatively affordable compared to other regions, particularly if considering properties listed below the median. The lack of specific days on market (DOM) and price-cut share percentages suggests that the local real estate market might be stable, but further investigation into individual listings is recommended to confirm.
Tenant demand can be gauged by the demographic factors. With a population of 1,789 and a renter share of 12.6%, there is a modest pool of potential tenants. This percentage translates to approximately 225 renters in the area, which could sustain a small portfolio of rental properties.
Verdict: ZIP 12057 presents a balanced opportunity for landlords and small-portfolio investors. The median home value is low, making acquisitions affordable. While the exact market rent is not specified, aligning with the FMR of $1190 ensures compliance and potentially steady income. Tenant demand is moderate, supported by the local population and renter share. Investors should focus on properties under the median home value and consider the stability of the real estate market when evaluating potential returns. This ZIP code is suitable for those looking to enter a less competitive market with manageable risks.
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.