Section 8 Fair Market Rent (FMR) for ZIP 12166 - 2027

Location: Montgomery County, NY | Metro: Albany-Schenectady-Troy, NY MSA

Investment Score for ZIP 12166

Monthly Rent (2BR)

$1,540

Median Price (2BR)

$195,808

1% Rule

0.79%

Annual Yield

9.44%

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

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

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
2BR	$1,540	$195,808	0.79%	D
3BR	$1,840	$237,680	0.77%	D

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

1,635

Median Household Income

$94,821

Housing Units

713

Renter Percentage

6.6%

Occupancy Rate

82.7%

Renter Occupied

Sprakers, NY, represented by ZIP code 12166, is a rural area that offers a unique blend of natural beauty and community living. The town is known for its peaceful environment and close-knit community, which can be attractive to both residents and investors looking for a stable and serene location. Here is a detailed market analysis based on key data points:

The Fair Market Rent (FMR) for Sprakers, NY, in fiscal year 2024 is set at $1190. This figure represents the benchmark for rental pricing in the area, indicating what landlords should aim to charge to remain competitive.
The market rent for the area is currently listed as N/A, suggesting there is limited recent data available on actual rental prices. Landlords should consider the FMR as a guideline until more specific market data becomes available.
The median home value in Sprakers, NY, stands at $223,117. This relatively low figure compared to urban areas makes it an attractive option for first-time homeowners and investors looking to purchase properties at a lower cost.
Renters make up only 6.6% of the local population, indicating a primarily owner-occupied housing market. This could mean fewer opportunities for rental investments but also less competition for those interested in leasing properties.
The days on market (DOM) for listings is not available (N/A). However, given the low renter share, it is likely that the DOM for rental properties is higher than for owner-occupied homes, reflecting the smaller demand for rentals.
The median household income in the area is $94,821, providing insight into the financial stability of potential tenants and buyers. This income level suggests that residents have the means to afford reasonable rent or mortgage payments, contributing to a steady occupancy rate.

Based on the data provided, investors considering the Sprakers, NY, market should focus on the stability offered by owner-occupied properties and the potential for long-term tenancy in rental units due to the financially stable local population. The low median home value presents a good entry point for investment, while the high median income supports the ability of residents to meet their housing costs. Although the market rent is currently unavailable, the FMR serves as a reliable indicator for setting rental prices. The limited rental market means that competition for rental properties is low, but also that the number of potential renters is restricted. Overall, Sprakers, NY, offers a conservative investment opportunity with a strong foundation in its stable economy and resident demographics.

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.