Location: Albany-Schenectady-Troy, NY | Metro: Albany-Schenectady-Troy, NY MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,860 |
| 1 Bedroom | $2,140 |
| 2 Bedrooms | $2,570 |
| 3 Bedrooms | $3,060 |
| 4 Bedrooms | $3,380 |
| 5 Bedrooms | $3,921 |
| 6 Bedrooms | $4,392 |
| 7 Bedrooms | $4,743 |
| 8 Bedrooms | $4,980 |
U.S. Census Bureau data (2024)
The ZIP code 12222 stands out due to its unique data signature. With a population of 6,889 residents, it has a distinctive characteristic where 100.0% of the residents are renters. This makes it a particularly interesting area for landlords and small-portfolio investors.
The voucher economics in this ZIP code are compelling. The Fair Market Rent (FMR) for ZIP 12222 in fiscal year 2024 is set at $1,530. In contrast, the market rent, according to Census ACS data, is $2,242. This discrepancy means that landlords can potentially receive a subsidy of up to $712 per month for each tenant participating in the Section 8 program, which covers a significant portion of the actual rental costs.
Despite the lack of specific median income and median home value data, the economic dynamics of the voucher system suggest that the area is stable. Landlords can rely on consistent rental income through the Section 8 program, even if the overall economic conditions are not fully detailed. The high percentage of renters indicates a demand for affordable housing options, which aligns well with the availability of Section 8 vouchers.
In conclusion, ZIP 12222 presents a stable environment for landlords and investors interested in the Section 8 program. The financial benefits of the program, combined with the high demand for rental properties, make it a worthwhile investment opportunity.
Data Sources: FMR data from HUD (2027). 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.