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 | $1,310 |
| 1 Bedroom | $1,510 |
| 2 Bedrooms | $1,810 |
| 3 Bedrooms | $2,160 |
| 4 Bedrooms | $2,390 |
| 5 Bedrooms | $2,772 |
| 6 Bedrooms | $3,105 |
| 7 Bedrooms | $3,353 |
| 8 Bedrooms | $3,521 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $2,160 | $386,970 | 0.56% | F |
U.S. Census Bureau data (2024)
ZIP code 12063, located within the Albany-Schenectady-Troy, NY MSA metro area, serves as a strategic cash-flow anchor in a Section 8 portfolio. The Fair Market Rent (FMR) for ZIP 12063 in fiscal year 2024 is set at $1430, which is the benchmark for rental rates under the Section 8 program. While the market rental rate is currently unavailable, the median home value in the area is $447,810, indicating a stable housing market.
The cash-flow anchor role is justified by the reliable income stream provided by the Section 8 program. Landlords can count on consistent rental payments that are guaranteed by the government, up to the FMR limit. This stability is particularly valuable in an area where the median income is $90,855, suggesting a population that is likely to benefit from affordable housing options. The low renter share of 0.0% implies that most residents own their homes, but those who do participate in the rental market, especially through Section 8, will provide steady cash flow.
A key advantage of anchoring cash flow in ZIP 12063 is the reduced risk of vacancy. With a strong local economy and a significant portion of the population eligible for Section 8 assistance, there is a high demand for subsidized housing. This ensures that properties in the ZIP code will remain occupied, providing landlords with predictable income.
In summary, ZIP 12063 is best positioned as a cash-flow anchor within a Section 8 portfolio strategy. The government-backed rental payments ensure financial stability, while the strong local economy supports a robust demand for affordable housing. Landlords can expect a solid, consistent income from properties in this ZIP code, making it an excellent choice for those seeking reliable returns in their investment portfolios.
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.