Location: Greene County, NY | Metro: Greene 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 | $960 |
| 1 Bedroom | $1,090 |
| 2 Bedrooms | $1,350 |
| 3 Bedrooms | $1,760 |
| 4 Bedrooms | $2,100 |
| 5 Bedrooms | $2,436 |
| 6 Bedrooms | $2,728 |
| 7 Bedrooms | $2,946 |
| 8 Bedrooms | $3,093 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,350 | $259,445 | 0.52% | F |
| 3BR | $1,760 | $330,187 | 0.53% | F |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 12192, which covers West Coxsackie, NY, is set at $1,300 for fiscal year 2026. This figure represents the maximum amount that a landlord can charge for rent under the Section 8 program, known officially as the Housing Choice Voucher Program. It's important to note that this is not the actual rent you will receive; it is the payment standard used by the government to determine the maximum subsidy for eligible tenants.
To understand the implications of this FMR, compare it with the average local rent. Unfortunately, the data does not provide an exact figure for the average local rent in ZIP 12192, but you can find this information through local real estate listings or by consulting with the local housing authority. The FMR serves as a benchmark to ensure that rents are reasonable and reflective of the local market conditions.
The demand for Section 8 rentals in this area is strong, with a 7.0% share of renters relying on vouchers. This indicates that there is a significant portion of the population who would be interested in your property if you decide to participate in the Section 8 program. Given this demand, you can expect a steady stream of potential tenants, which can help reduce vacancy rates and provide a stable income source.
If you're considering purchasing a property to convert into a Section 8 rental, the median home value in the area is approximately $326,809. This figure represents the typical price you might pay for a property in this ZIP code, and it should factor into your investment calculations. Remember, the acquisition cost is just one part of the overall financial picture; you'll also need to consider maintenance, property management, and other operational costs.
Before proceeding with your first Section 8 rental in ZIP 12192, verify that the property meets all the required standards set by the local housing authority. These standards typically include safety, health, and structural requirements to ensure that the property is habitable and up to code. This step is crucial because failing to meet these standards could result in penalties or even disqualification from the program.
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.