Section 8 Fair Market Rent (FMR) for ZIP 12201 - 2027

FY 2027 Fair Market Rent Rates

The market analysis for Section 8 investors in ZIP code 12201 (Albany-Schenectady-Troy County, NY MSA) reveals that the Fair Market Rent (FMR) as set by HUD for fiscal year 2024 is $1390. However, due to the lack of current market rent data, it's difficult to provide a direct comparison between the HUD FMR and what the market is currently bearing. This absence of market rent data suggests that landlords accepting vouchers at the HUD FMR level will likely experience cashflow challenges, given the typical scenario where market rents exceed government-set FMRs.

The median home value for ZIP 12201 is not available, which means deriving an accurate rent-to-price ratio is not possible with the current data. Nonetheless, the absence of such data often indicates a mixed housing market, where both rental and homeownership options might be influenced by external factors like economic conditions or local policies.

In terms of days on market (DOM) and the percentage of price cuts, the data is also not available. These metrics would typically help investors understand the dynamics between renting and buying, but their unavailability here means we cannot comment on how long properties stay on the market or the frequency of price reductions.

Despite these limitations, the strongest angle for Section 8 investors in ZIP 12201 remains the stability offered by the program. With guaranteed rent payments and a fixed rental amount tied to the HUD FMR, investors can expect steady cashflows, albeit potentially lower than market rates, ensuring a reliable and consistent income stream over time.

Data Sources: FMR data from HUD (2027).

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.