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 | $1,210 |
| 1 Bedroom | $1,390 |
| 2 Bedrooms | $1,660 |
| 3 Bedrooms | $1,980 |
| 4 Bedrooms | $2,180 |
| 5 Bedrooms | $2,529 |
| 6 Bedrooms | $2,832 |
| 7 Bedrooms | $3,059 |
| 8 Bedrooms | $3,212 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,980 | $310,631 | 0.64% | D |
U.S. Census Bureau data (2024)
ZIP code 12150 is located within the Albany-Schenectady-Troy, NY MSA. Its Fair Market Rent (FMR) for fiscal year 2024 is set at $1260, which serves as a benchmark for affordable housing standards. However, the market rent figure is not available, indicating that there might be limited rental activity or data in this area.
The median home value in ZIP 12150 stands at $278,383, which is lower than the typical home values found in the broader Albany-Schenectady-Troy, NY MSA. This suggests that 12150 could be considered a value pocket within the larger metropolitan area. Value pockets typically offer lower property values compared to the surrounding regions, making them attractive for investors looking to acquire properties at a discount while still benefiting from the overall growth potential of the metro area.
The renter share in ZIP 12150 is only 1.6%, which is significantly lower than the average renter share seen across the entire MSA. This low percentage indicates that the majority of residents in this ZIP code are homeowners rather than renters. The combination of a below-average home value and a low renter share suggests that this area is less likely to attract a high volume of Section 8 tenants, who typically seek out areas with both affordable rents and a higher concentration of renters.
In summary, ZIP 12150 appears to be a value pocket within the Albany-Schenectady-Troy, NY MSA. Its relatively low home values and low renter share make it less suitable for landlords focusing exclusively on Section 8 rentals but present opportunities for those interested in purchasing homes at a lower price point within a growing metropolitan area.
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.