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 | $258,368 | 0.6% | F |
| 3BR | $1,840 | $341,181 | 0.54% | F |
| 4BR | $2,030 | $378,240 | 0.54% | F |
U.S. Census Bureau data (2024)
ZIP 12094, located in Johnsonville, NY within the Glens Falls, NY MSA, serves as a cash-flow anchor within a Section 8 portfolio strategy. The Federal Market Rent (FMR) for ZIP 12094 in fiscal year 2024 is set at $1,240. This figure provides a reliable benchmark for rental income, ensuring steady cash flow for landlords and small-portfolio investors.
The median home value in ZIP 12094 is $319,989. Although there is no direct market data available for comparison, the FMR of $1,240 is significantly lower than what might be expected from the median home value, indicating a potential spread that supports cash flow generation. Landlords can leverage this spread by renting out homes at the FMR rate while maintaining property values above the average rental income.
Despite the lack of specific appreciation indicators such as price-cut share and days on market (DOM), the stable median income of $92,266 suggests a consistent economic base. This stability reduces the risk of significant fluctuations in rental demand and payment reliability, further reinforcing the role of ZIP 12094 as a cash-flow anchor.
The low renter share of 0.0% indicates that most residents in ZIP 12094 own their homes rather than renting. However, this does not detract from its utility as a cash-flow anchor since the focus here is on generating predictable rental income through Section 8 vouchers. The high median income ensures that voucher holders have access to better economic support, reducing the likelihood of default on rental payments.
In conclusion, ZIP 12094 is best positioned as a cash-flow anchor due to its stable FMR and median income levels. These factors provide a solid foundation for landlords and small-portfolio investors seeking consistent returns on investment.
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.