Location: Glens Falls, 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 | $1,100 |
| 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: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,540 | $193,946 | 0.79% | D |
| 3BR | $1,840 | $244,396 | 0.75% | D |
| 4BR | $2,030 | $253,030 | 0.8% | C |
| 5BR | $2,355 | $276,334 | 0.85% | C |
U.S. Census Bureau data (2024)
The classification of ZIP code 12090 (Hoosick Falls, NY) on the axes of yield and stability reveals a unique investment scenario for landlords and small-portfolio investors.
Yield Analysis: The Fair Market Rent (FMR) for ZIP 12090 in fiscal year 2024 is set at $1,190, which is notably higher than the market rent of $856. This suggests that there is potential for higher rental income when properties are rented out at FMR rates. However, the median home value of $222,288 indicates a relatively high cost basis for acquiring rental properties in this area. Despite this, the disparity between the FMR and market rent suggests a significant opportunity for yield improvement if landlords can secure tenants willing to pay closer to the FMR rate.
Stability Analysis: Stability in this context is influenced by several factors including the percentage of renters, the number of days on the market (DOM), and average household income. In ZIP 12090, 25.4% of residents are renters, which is a moderate figure. The lack of data on the average days on the market (DOM) makes it difficult to assess how quickly properties are typically leased, but the average household income of $68,056 provides some insight into the financial capability of potential tenants. While this income level is below the national average, it still supports the possibility of stable cash flow if the rental prices are aligned with what tenants can afford.
Based on these figures, ZIP 12090 is best classified as a steady-cashflow zone. The higher FMR compared to market rent offers an avenue for increased yields, but the relatively low percentage of renters and modest income levels suggest that the market is not prone to rapid fluctuations or speculative activity. Landlords should focus on optimizing their rental pricing to capture the higher FMR while ensuring affordability for local tenants to maintain a stable occupancy rate.
To summarize, the key figures driving this assessment are the $1,190 FMR versus the $856 market rent, indicating a yield potential, and the $68,056 average household income, which suggests a degree of financial stability among the population. These conditions make Hoosick Falls a suitable location for investors seeking consistent returns rather than high-risk, high-reward scenarios.
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.