Location: Albany-Schenectady-Troy, NY | Metro: Albany-Schenectady-Troy, NY MSA
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,100 |
| 1 Bedroom | $1,280 |
| 2 Bedrooms | $1,540 |
| 3 Bedrooms | $1,840 |
| 4 Bedrooms | $2,030 |
| 5 Bedrooms | $2,355 |
| 6 Bedrooms | $2,638 |
| 7 Bedrooms | $2,849 |
| 8 Bedrooms | $2,991 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,540 | $243,438 | 0.63% | D |
| 3BR | $1,840 | $303,741 | 0.61% | D |
| 4BR | $2,030 | $306,278 | 0.66% | D |
U.S. Census Bureau data (2024)
The ZIP code 12822, located in Corinth, NY, presents an interesting balance between yield and stability for real estate investments. The Fair Market Rent (FMR) for the fiscal year 2024 is set at $1,190, which is notably higher than the current market rent of $999. This suggests a potential opportunity for landlords to increase rental income, making it a relatively high-yield area. However, the median home value in the area is $267,986, indicating that the initial investment required for property acquisition is substantial.
Regarding stability, the rental market shows that approximately 23.8% of residents are renters. This percentage is moderate and does not indicate a highly volatile rental market. Unfortunately, the data does not provide information on the number of days on market (DOM), which would be crucial for assessing how quickly properties can be rented out. The median household income in the area is $83,349, which is a positive indicator for the ability of tenants to pay rent consistently, thereby supporting a stable cash flow.
Based on these figures, ZIP 12822 leans towards being a steady-cashflow zone rather than a high-yield/low-stability flip-style market. The potential for increased rental income due to the gap between FMR and market rent is tempered by the need for a significant upfront investment in property acquisition. The moderate percentage of renters and decent median income support the likelihood of consistent tenant payments, contributing to a reliable source of cash flow.
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.