Section 8 Fair Market Rent (FMR) for ZIP 12460 - 2027
Location: Greene County, NY | Metro: Albany-Schenectady-Troy, NY MSA
FY 2027 Fair Market Rent Rates
| Unit Size |
Monthly FMR |
| Studio | $1,100 |
| 1 Bedroom | $1,280 |
| 2 Bedrooms | $1,540 |
| 3 Bedrooms | $1,900 |
| 4 Bedrooms | $2,180 |
| 5 Bedrooms | $2,529 |
| 6 Bedrooms | $2,832 |
| 7 Bedrooms | $3,059 |
| 8 Bedrooms | $3,212 |
Demographics & Housing Statistics
U.S. Census Bureau data (2024)
Median Household Income
$109,750
To determine if you should buy in ZIP code 12460 for Section 8 purposes, follow this decision tree:
- Does the Fair Market Rent (FMR) of $1200 cover the debt service on a $312,892 property?
- If yes: The FMR of $1200 is sufficient to cover the debt service on a property valued at $312,892. This means that the rental income can support the mortgage payments and other costs associated with owning the property.
- If no: The FMR of $1200 does not sufficiently cover the debt service on a property valued at $312,892. In this case, it would be financially unwise to invest in this area for Section 8 purposes.
- Is the market rent above, at, or below the FMR?
- If above: The market rent exceeds the FMR, which could indicate a higher risk of vacancy since Section 8 tenants will only pay up to the FMR. Landlords might struggle to find non-Section 8 tenants willing to pay the lower FMR rate.
- If at: The market rent matches the FMR, making it a balanced scenario where Section 8 tenants can afford the rent without leaving much room for non-Section 8 tenants to pay significantly more.
- If below: The market rent is below the FMR, which could be advantageous as it allows for a wider range of tenants, both Section 8 and non-Section 8, who can afford the rent.
- Are 5.0% of the population renters and the days on the market (DOM) enough to ensure demand?
- If yes: With 5.0% of the population renting and an average DOM of N/A, there is sufficient demand to support Section 8 investments. This percentage of renters indicates a steady flow of potential tenants, while the DOM suggests properties are rented out quickly.
- If no: The 5.0% of the population renting and an average DOM of N/A indicate insufficient demand. Properties may take longer to rent out, leading to potential vacancies and financial strain.
The decision to invest in ZIP 12460 for Section 8 purposes hinges on these factors. If all conditions align favorably, the answer is a clear yes. Otherwise, it depends on how you balance the risks and rewards based on the data presented.
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.