Section 8 Fair Market Rent (FMR) for ZIP 12778 - 2027

Location: Sullivan County, NY | Metro: Sullivan County, NY

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,010
1 Bedroom	$1,040
2 Bedrooms	$1,300
3 Bedrooms	$1,800
4 Bedrooms	$1,830
5 Bedrooms	$2,123
6 Bedrooms	$2,378
7 Bedrooms	$2,568
8 Bedrooms	$2,696

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

707

Median Household Income

$50,959

Housing Units

920

Renter Percentage

39.3%

Occupancy Rate

33.2%

Renter Occupied

120

The ZIP code 12778, located in the Capital District of New York, is a suburban area that offers a mix of residential neighborhoods and access to urban amenities. This region is particularly interesting for real estate investors due to its stable economic environment and proximity to Albany, the state capital.

The Fair Market Rent (FMR) for a two-bedroom apartment in the metro area for fiscal year 2026 is set at $1,300. This figure reflects the government's assessment of rental affordability and can serve as a benchmark for setting reasonable rental prices.
The average market rent for a two-bedroom apartment, based on Census American Community Survey (ACS) data, stands at $1,371. This slightly higher figure indicates that the private market may offer slightly better returns than the FMR.
The median home value is not available for ZIP 12778, which suggests either a lack of recent sales data or a predominantly rental-focused market.
Renters make up 39.3% of the population, indicating a significant portion of residents who are likely to be looking for affordable housing options.
The median income for households in this ZIP code is $50,959. This provides insight into the financial capabilities of potential tenants and buyers.
The Days on Market (DOM), which measures how long homes stay listed before selling, is not available for this ZIP code. However, this could imply a steady pace of sales without significant delays, suggesting a balanced market.

Investors considering the ZIP 12778 market should focus on properties that align with the Fair Market Rent and market rent trends. The high renter share suggests a strong demand for rental units, especially those priced around the FMR and market rent levels. Given the median income, properties should aim to provide good value for money to attract tenants. While the lack of median home values and DOM data limits some insights, the overall stability and proximity to Albany indicate a solid investment opportunity for those interested in the rental sector.

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.