Location: Montgomery County, NY | Metro: Montgomery County, NY
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 | $810 |
| 1 Bedroom | $810 |
| 2 Bedrooms | $1,040 |
| 3 Bedrooms | $1,270 |
| 4 Bedrooms | $1,400 |
| 5 Bedrooms | $1,624 |
| 6 Bedrooms | $1,819 |
| 7 Bedrooms | $1,965 |
| 8 Bedrooms | $2,063 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,270 | $223,825 | 0.57% | F |
U.S. Census Bureau data (2024)
The ZIP code 12177 presents a dynamic rental market landscape, particularly concerning Section 8 properties. The Fair Market Rent (FMR) for the area stands at $1,020, as set for metro fiscal year 2026. This figure serves as a benchmark for understanding the rental affordability and subsidy levels in the region.
Despite the lack of current market rent data, the absence suggests a possible gap between reported rents and actual rental rates, which could indicate either a stable market or one that is evolving without significant public reporting. The median home value of $204,467 offers insight into the overall property values within the ZIP code, though it doesn't directly correlate with rental trends.
The 4.0% renter share highlights a key characteristic of the ZIP code's housing dynamics. This low percentage indicates that a relatively small portion of residents rely on rental housing, including Section 8 properties. This suggests that homeownership is prevalent, potentially due to lower property values making owning more accessible than renting. However, this also implies that any increase in rental demand could put significant pressure on the limited rental stock, driving up rents and reducing availability.
In the context of Section 8 properties, the dynamics are influenced by the balance between supply and demand. Given the low renter share, it's likely that demand for subsidized housing is high relative to supply. This creates a competitive environment for landlords who can offer Section 8 units, as they serve a critical need for affordable housing in an area where many may find purchasing homes more feasible than renting.
The market in ZIP 12177 reflects a tension between homeownership and rental housing needs, especially for those relying on subsidies. Landlords and small-portfolio investors should be aware of the potential for increased demand for rental units, particularly those that qualify under Section 8 programs, as the housing landscape continues to evolve.
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.