Section 8 Fair Market Rent (FMR) for ZIP 12236 - 2027

FY 2027 Fair Market Rent Rates

The ZIP code 12236, located in Rensselaer County, New York, is part of a region known for its mix of suburban and rural characteristics. This area offers investors an opportunity to explore real estate markets that are influenced by both local economic factors and broader regional trends.

• The Fair Market Rent (FMR) for ZIP 12236 in fiscal year 2024 is set at $1390.
• The market rent for the area is currently N/A, indicating a lack of recent data on average rental prices.
• The median home value for ZIP 12236 is also listed as N/A, suggesting incomplete information on property values.
• The percentage of residents who are renters is N/A, which means we cannot accurately gauge the proportion of tenants in the area.
• The Days on Market (DOM) for properties in this ZIP is N/A, providing no insight into how quickly homes are selling.
• The median household income for the area is N/A, making it difficult to assess the financial stability and purchasing power of local residents.

Given the available data points, investors should focus on the Fair Market Rent figure of $1390 when considering rental investments. However, the lack of current market rent data, median home values, and other key metrics suggests a need for further research and due diligence before committing to investments in ZIP 12236. The unknowns regarding the percentage of renters and the median income highlight gaps in understanding the local economy and housing demand, which could impact investment returns. Landlords and small-portfolio investors must carefully evaluate the potential risks and rewards associated with this ZIP code, considering the limited data available.

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.