Location: Glens Falls, NY | Metro: Glens Falls, 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 | $1,130 |
| 1 Bedroom | $1,140 |
| 2 Bedrooms | $1,430 |
| 3 Bedrooms | $1,850 |
| 4 Bedrooms | $1,880 |
| 5 Bedrooms | $2,181 |
| 6 Bedrooms | $2,443 |
| 7 Bedrooms | $2,638 |
| 8 Bedrooms | $2,770 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,430 | $257,719 | 0.55% | F |
| 3BR | $1,850 | $314,227 | 0.59% | F |
| 4BR | $1,880 | $365,241 | 0.51% | F |
| 5BR | $2,181 | $435,175 | 0.5% | F |
U.S. Census Bureau data (2024)
ZIP code 12834, located in Greenwich, NY, within the Glens Falls, NY MSA metro area, serves as an ideal cash-flow anchor for a Section 8 portfolio strategy. The Federal Market Rent (FMR) for ZIP 12834 in fiscal year 2024 is set at $1350, significantly above the market rent of $1,157. This $193 spread per unit provides a stable and predictable income stream that can offset the risks associated with other parts of your investment portfolio.
The median home value in ZIP 12834 is $295,743, which indicates a relatively affordable housing market. This affordability is crucial for maintaining a steady occupancy rate, as it aligns with the financial capabilities of tenants who rely on Section 8 vouchers. With a median income of $81,205, residents have the means to contribute their portion of the rent, ensuring consistent payments and reducing the likelihood of vacancies.
A cash-flow anchor is essential for any investment strategy, particularly when dealing with government programs like Section 8. The predictability of rental income in ZIP 12834, combined with the lower risk of price cuts and longer days on market (DOM), makes it a reliable asset for generating steady returns. While appreciation plays and diversifiers are also important components of a well-rounded portfolio, ZIP 12834 excels in providing the security needed for a cash-flow anchor.
To summarize, ZIP 12834 is best suited as a cash-flow anchor due to its favorable FMR-to-market rent ratio and stable economic conditions. Landlords and small-portfolio investors should consider including properties in this ZIP code to ensure a robust and secure income stream.
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.