Location: Columbia County, 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 | $1,130 |
| 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: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,540 | $273,374 | 0.56% | F |
| 3BR | $1,840 | $352,150 | 0.52% | F |
| 4BR | $2,030 | $396,116 | 0.51% | F |
U.S. Census Bureau data (2024)
1300 is the Fair Market Rent (FMR) for ZIP 12062 in East Nassau, NY, for fiscal year 2024, indicating the maximum amount Section 8 participants can pay in rent. 1356 is the average market rent based on Census data, suggesting landlords can expect a slight premium over the FMR if they choose not to participate in the program. 310,084 represents the median home value in the area, which is a key metric for understanding property values and potential investment returns. 13.0% is the percentage of residents who are renters, a figure that underscores the demand for rental properties in East Nassau. 87,679 is the median household income, providing insight into the economic profile of the area and the potential earning capacity of tenants.
The absence of data on days on market (DOM) and the percentage of price-cut shares implies that the rental market in East Nassau is relatively stable, without significant fluctuations in vacancy rates or pricing adjustments. This stability can be beneficial for landlords and small-portfolio investors looking for consistent cash flow.
Given the FMR of $1300 and the market rent of $1356, the difference is minimal, making participation in the Section 8 program financially viable for landlords. The median home value of $310,084 suggests that property appreciation could be a secondary benefit for investors beyond rental income. With 13.0% of the population being renters and a median income of $87,679, there is a solid tenant base that can afford the rents set by both market conditions and the Section 8 program.
A final consideration for investors is the low risk associated with the lack of significant price-cutting or extended days on market, indicating a healthy rental market. For those interested in securing a steady stream of income through government subsidies, East Nassau presents an attractive opportunity.
Verdict: East Nassau, NY, is a suitable market for Section 8 participation, with stable rental conditions and a modest gap between FMR and market rents.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.