Location: Delaware County, 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 | $218,265 | 0.71% | D |
| 3BR | $1,840 | $259,132 | 0.71% | D |
| 4BR | $2,030 | $281,439 | 0.72% | D |
U.S. Census Bureau data (2024)
The real estate market in ZIP code 12167, located in Stamford, NY, presents a nuanced scenario for both landlords and small-portfolio investors. With a median home value set at $230,719, the area is positioned as an affordable option for those seeking to invest in residential properties. However, the current data indicates that there is no significant percentage of listings being reduced, suggesting a stable market where sellers are holding firm on their asking prices.
The median days on market (DOM) being reported as N/A suggests either a very active market with quick sales or a lack of comprehensive recent data. In either case, it points towards a seller's market where demand is likely outpacing supply, thereby reinforcing the stability of home values and indicating that landlords can maintain or slightly increase rental rates without fear of tenant loss to cheaper alternatives.
On the rental side, the Fair Market Rent (FMR) for ZIP code 12167 is forecasted to be $1190 for fiscal year 2024, while the current market rent, according to Census ACS data, stands at $858. This gap between FMR and actual market rents signals potential upward pressure on rental prices, which could benefit long-term investors as they may see increases in their rental income in line with the FMR adjustments.
For long-hold investors, the setup in Stamford, NY, implies a realistic appreciation thesis based on the convergence of market rents towards the FMR levels. As the rental market adjusts to meet these higher benchmarks, it will likely drive up the perceived value of residential properties, leading to gradual appreciation. However, the lack of percentage data on listing reductions and median DOM figures means that investors must remain cautious and vigilant regarding broader economic trends and local market conditions that could influence property values.
Investors should also consider the impact of any new developments or changes in local demographics that might affect the housing market. The combination of a stable median home value and the potential for rental price increases provides a solid foundation for investment, but the absence of certain metrics underscores the need for continued monitoring of the market to ensure that the investment thesis remains sound.
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.