Location: Albany-Schenectady-Troy, NY | Metro: Albany-Schenectady-Troy, NY MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,450 |
| 1 Bedroom | $1,670 |
| 2 Bedrooms | $2,010 |
| 3 Bedrooms | $2,390 |
| 4 Bedrooms | $2,640 |
| 5 Bedrooms | $3,062 |
| 6 Bedrooms | $3,429 |
| 7 Bedrooms | $3,703 |
| 8 Bedrooms | $3,888 |
U.S. Census Bureau data (2024)
The ZIP code 12082, located in Grafton, New York, is a small rural community with limited available demographic data. The population is relatively low, and there is a very small percentage of renters at 0.0%, indicating that homeownership is the predominant form of residence. Median income and median home values are currently not reported, which suggests that the area might be less developed or have fewer residents compared to urban areas.
In terms of rent economics, the Fair Market Rent (FMR) for ZIP code 12082 in fiscal year 2024 is set at $1320. This figure is crucial for landlords and small-portfolio investors who participate in the Section 8 program. However, specific market rent figures are not available, which means that the FMR is likely a key benchmark for setting rental prices in this area.
Given the low percentage of renters and the lack of detailed economic data, ZIP code 12082 appears to be more suited for a hands-off voucher operator rather than a hands-on value-add buyer. The community's focus on homeownership and the limited data on rental trends suggest that there may be fewer opportunities for active property management or renovations aimed at increasing rental yields. For those looking to invest in a stable, low-risk environment where the primary need is to provide affordable housing options through the Section 8 program, ZIP 12082 could be a viable choice. However, for investors seeking to actively manage properties or increase their value through improvements, this area might offer fewer opportunities due to its rural nature and limited population dynamics.
Data Sources: FMR data from HUD (2027). 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.