Section 8 Fair Market Rent (FMR) for ZIP 12815 - 2027

Location: Glens Falls, NY | Metro: Glens Falls, NY MSA

Investment Score for ZIP 12815

Monthly Rent (2BR)

$1,260

Median Price (2BR)

$350,283

1% Rule

0.36%

Annual Yield

4.32%

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,000
1 Bedroom	$1,000
2 Bedrooms	$1,260
3 Bedrooms	$1,630
4 Bedrooms	$1,660
5 Bedrooms	$1,926
6 Bedrooms	$2,157
7 Bedrooms	$2,330
8 Bedrooms	$2,447

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
2BR	$1,260	$350,283	0.36%	F
3BR	$1,630	$465,153	0.35%	F
4BR	$1,660	$619,793	0.27%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

1,140

Median Household Income

$76,302

Housing Units

1,250

Renter Percentage

19.2%

Occupancy Rate

44.1%

Renter Occupied

106

The Brant Lake area, located in ZIP code 12815, is a serene lakeside community known for its natural beauty and quiet lifestyle. Nestled in the Adirondack Park, it offers residents and visitors alike a peaceful retreat, with easy access to outdoor activities such as fishing, boating, and hiking. For real estate investors, understanding the local rental market and property values is crucial to making informed decisions.

Fair Market Rent (FMR) for ZIP 12815: The FMR for a two-bedroom apartment in the upcoming fiscal year 2024 is set at $1,190, reflecting the area's demand for affordable housing options.
Market Rent: According to recent Census American Community Survey (ACS) data, the average market rent for a two-bedroom unit stands at $1,058, slightly below the FMR but still indicative of a stable rental market.
Median Home Value: The median home value in Brant Lake is $422,386, suggesting that the area is primarily composed of owner-occupied homes with a strong equity base.
Renter Share: Only 19.2% of households in Brant Lake are renters, indicating that the majority of residents own their homes, which could affect the size of the potential rental market.
Days on Market (DOM): Unfortunately, specific data regarding the days a property stays on the market before being rented is not available, which might complicate assessing the speed of rental transactions.
Median Income: The median household income in the area is $76,302, providing insight into the economic stability and spending power of local residents.

In summary, Brant Lake presents a niche market with a strong emphasis on homeownership. While the Fair Market Rent indicates a need for affordable housing, the actual market rent is lower, suggesting that the rental market is competitive yet stable. With a median home value of $422,386 and a median income of $76,302, the area supports a robust economy, but the low renter share means that opportunities for rental investments are limited. Landlords and small-portfolio investors should focus on properties that cater to the affordable housing segment, where the FMR suggests a higher potential for steady rental income.

Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.