Section 8 Fair Market Rent (FMR) for ZIP 12070 - 2027

Location: Montgomery County, NY | Metro: Fulton County, NY

Investment Score for ZIP 12070

Monthly Rent (2BR)

$1,010

Median Price (2BR)

$197,132

1% Rule

0.51%

Annual Yield

6.15%

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$810
1 Bedroom	$810
2 Bedrooms	$1,010
3 Bedrooms	$1,250
4 Bedrooms	$1,380
5 Bedrooms	$1,601
6 Bedrooms	$1,793
7 Bedrooms	$1,936
8 Bedrooms	$2,033

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
2BR	$1,010	$197,132	0.51%	F
3BR	$1,250	$239,471	0.52%	F
4BR	$1,380	$300,635	0.46%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

2,011

Median Household Income

$86,989

Housing Units

683

Renter Percentage

25.3%

Occupancy Rate

98.0%

Renter Occupied

169

Fort Johnson, NY, located in ZIP code 12070, is a suburban area known for its quiet streets and proximity to Albany's urban amenities. This region offers a blend of residential comfort and accessibility, making it attractive for both homeowners and renters.

The Fair Market Rent (FMR) for the area is set at $1,060 for the fiscal year 2026, reflecting the federal government's benchmark for rental costs in the Fort Johnson metro area.
According to the Census American Community Survey (ACS), the actual market rent for the area is currently $880, indicating that there is potential for rental rates to increase towards the FMR level.
The median home value in Fort Johnson is $223,286, which is a significant figure for potential homebuyers and investors looking to enter the market.
Renters make up 25.3% of the housing market, suggesting a moderate demand for rental properties and a balanced mix of homeowners and tenants.
The median household income in the area is $86,989, providing insight into the financial stability of residents and their ability to afford higher rents or home values.
The Days on Market (DOM) for properties is not available, which could indicate a robust local real estate market where listings move quickly, though this requires further investigation.

Analyzing these points, investors can see that Fort Johnson offers a stable real estate environment with room for growth. The gap between the current market rent and the FMR suggests potential for increasing rental incomes. The median home value indicates a moderately priced market, suitable for first-time buyers and investors alike. With a quarter of the population renting, there is a steady demand for rental properties, supported by the median income levels, which suggest that residents have the means to pay higher rents or purchase homes. However, the lack of DOM data should be addressed to fully understand the speed at which properties sell or rent, providing a clearer picture of market dynamics for quick turnover opportunities.

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.