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 | $1,430 |
| 1 Bedroom | $1,650 |
| 2 Bedrooms | $1,980 |
| 3 Bedrooms | $2,360 |
| 4 Bedrooms | $2,600 |
| 5 Bedrooms | $3,016 |
| 6 Bedrooms | $3,378 |
| 7 Bedrooms | $3,648 |
| 8 Bedrooms | $3,830 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,980 | $366,701 | 0.54% | F |
| 3BR | $2,360 | $440,390 | 0.54% | F |
| 4BR | $2,600 | $586,067 | 0.44% | F |
| 5BR | $3,016 | $664,838 | 0.45% | F |
U.S. Census Bureau data (2024)
Glenmont, NY, located in ZIP code 12077 within the Albany-Schenectady-Troy, NY MSA, serves as an ideal cash-flow anchor for a Section 8 portfolio strategy. The Fair Market Rent (FMR) for FY 2024 is set at $1660, which is notably higher than the local market rent of $1,585. This positive spread ensures that properties in Glenmont can generate steady, reliable rental income when leased through the Section 8 program.
The median home value in Glenmont stands at $480,843, reflecting a stable housing market where property values are unlikely to fluctuate drastically. This stability further supports the role of Glenmont as a cash-flow anchor, as it minimizes the risk of significant capital losses and provides predictability in terms of property value retention.
While Glenmont does not offer the potential for rapid appreciation due to a lack of data on price-cut shares and days on market (DOM), the primary focus for investors here should be on the consistent income generation rather than speculative gains. The 22.4% renter share indicates a moderate demand for rental properties, balancing between high vacancy risks and low tenant availability.
With a median income of $118,257, tenants in Glenmont are likely to have stable employment and financial situations, reducing the risk of default and improving overall tenant quality. This makes Glenmont particularly attractive for landlords and small-portfolio investors seeking a dependable source of rental income without the volatility associated with rapidly appreciating markets.
In summary, Glenmont, NY, is best positioned as a cash-flow anchor in a Section 8 portfolio strategy due to the favorable spread between the FMR and market rent, coupled with stable property values and a solid tenant base. This strategic approach ensures long-term financial stability and predictable returns, essential qualities for any successful real estate investment portfolio.
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.