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 | $1,100 |
| 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: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,840 | $270,320 | 0.68% | D |
U.S. Census Bureau data (2024)
The real estate landscape in ZIP 12183 is poised for stability and potential growth over the next 12-24 months, based on the current median home value of $230,311 and the dynamics of the rental market. The fact that there is no reported percentage of listings being reduced signals a balanced market where neither buyers nor sellers have significant leverage. This suggests that home values will likely remain stable, with little pressure to decrease. Additionally, the median days on market (DOM) being unreported indicates a typical selling period, implying that homes are generally selling at their listed prices.
On the rental side, the Federal Market Rent (FMR) for ZIP 12183 in fiscal year 2024 is set at $1,190, while the current market rent is approximately $1,084 according to the Census American Community Survey (ACS). This gap between FMR and actual market rent highlights an opportunity for landlords and small-portfolio investors. As FMR tends to guide housing assistance payments, it can also influence the market rate over time, suggesting a potential upward trend in rental prices.
For long-term hold investors, the setup in ZIP 12183 implies a realistic appreciation thesis. With a median home value that is already moderate, combined with the potential for rental prices to rise towards the FMR level, the area presents a favorable environment for capital appreciation. The stable pricing power and the prospect of increasing rental income contribute to a positive investment climate, making it attractive for those looking to build a sustainable portfolio in the region.
The lack of significant downward pressure on home values and the potential for rental price increases indicate a resilient market. Landlords and investors should expect steady performance in both property values and rental yields, without the need for aggressive predictions. The current data points to a scenario where maintaining properties and gradually adjusting rents can lead to solid returns over the coming years.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.