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 | $1,680 |
| 1 Bedroom | $1,930 |
| 2 Bedrooms | $2,320 |
| 3 Bedrooms | $2,760 |
| 4 Bedrooms | $3,050 |
| 5 Bedrooms | $3,538 |
| 6 Bedrooms | $3,963 |
| 7 Bedrooms | $4,280 |
| 8 Bedrooms | $4,494 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $2,320 | $284,832 | 0.81% | C |
| 3BR | $2,760 | $388,697 | 0.71% | D |
| 4BR | $3,050 | $548,212 | 0.56% | F |
| 5BR | $3,538 | $548,638 | 0.64% | D |
U.S. Census Bureau data (2024)
The real estate landscape in ZIP 12061, East Greenbush, NY, presents a nuanced picture for both landlords and small-portfolio investors. With a median home value set at $404,516, the market reflects a stable housing environment. The absence of data regarding the percentage of listings that have been reduced and the median days on market (DOM) suggests that there is little pressure on sellers to lower their asking prices, indicating strong seller pricing power. This stability and lack of price reduction activity imply that the market is unlikely to experience significant downward pressure on home values over the next 12 to 24 months.
On the rental side, the Federal Market Rent (FMR) for ZIP 12061 in fiscal year 2024 is projected to be $1,710. However, current market rents stand at approximately $1,800, according to Census ACS data. This slight premium indicates that landlords can maintain competitive rental rates without necessarily increasing them, given the modest gap between FMR and actual market rents. It also suggests that rental demand remains steady, supporting property values and ensuring a consistent income stream for long-term investors.
For long-hold investors, the setup implied by the current data supports a realistic appreciation thesis. Given the stable home values and steady rental demand, it is reasonable to expect continued growth in property values, albeit at a measured pace. The lack of significant price reductions and the modest gap between FMR and market rents suggest that the local economy is supporting housing prices and rental incomes, which bodes well for capital appreciation over time. However, the exact rate of appreciation cannot be determined solely from these figures, and investors should consider broader economic trends and local development projects for a comprehensive outlook.
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.