Location: Glens Falls, NY | Metro: Glens Falls, NY MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,120 |
| 1 Bedroom | $1,120 |
| 2 Bedrooms | $1,410 |
| 3 Bedrooms | $1,830 |
| 4 Bedrooms | $1,850 |
| 5 Bedrooms | $2,146 |
| 6 Bedrooms | $2,404 |
| 7 Bedrooms | $2,596 |
| 8 Bedrooms | $2,726 |
U.S. Census Bureau data (2024)
The Section 8 market analysis for ZIP code 12819, located in Glens Falls, NY MSA, reveals a favorable environment for landlords and small-portfolio investors. The HUD Fair Market Rent (FMR) for ZIP 12819 in fiscal year 2024 is set at $1490, which is significantly higher than the reported market rent of $1,066 based on Census ACS data.
This gap between the HUD FMR and the actual market rent means that voucher tenants can provide positive cash flow to landlords without requiring premium units. The difference of $424 per month represents a substantial buffer that can cover various costs such as maintenance, property management, and unexpected expenses.
To further understand the investment potential, consider the median home value in ZIP 12819, which stands at $247,294. This yields a rent-to-price ratio of approximately 0.43%, indicating that rental income can be a significant portion of the total asset value. While there is no available data on the median days on market (DOM) or the percentage of price cuts, the strong rent-to-price ratio suggests a stable market where rental properties can maintain their value over time.
The strongest angle for investors in this area is cash flow. With the HUD FMR well above the market rent, landlords can expect consistent, positive cash flow from Section 8 tenants, making it an attractive option for those seeking reliable income from their investments.
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.