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 | $1,110 |
| 1 Bedroom | $1,120 |
| 2 Bedrooms | $1,400 |
| 3 Bedrooms | $1,810 |
| 4 Bedrooms | $1,840 |
| 5 Bedrooms | $2,134 |
| 6 Bedrooms | $2,390 |
| 7 Bedrooms | $2,581 |
| 8 Bedrooms | $2,710 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,400 | $232,283 | 0.6% | D |
| 3BR | $1,810 | $309,591 | 0.58% | F |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for Johnsburg, NY, which is part of ZIP code 12843, is set at $1280 for fiscal year 2024. This figure represents the payment standard for Section 8 housing vouchers, meaning that if you participate in the program, this is the maximum amount you will receive per month for a unit of your property. It's important to note that this is not the rent you should charge tenants; it's the reimbursement limit from the government.
To put this into perspective, let's consider the local rental market. While specific local rent averages are not available, we can use the FMR as a benchmark. Given that the FMR is $1280, you should ensure that your rental rates do not exceed this amount to qualify for the Section 8 program. If you plan to charge more, you would need to cover the difference yourself, as the voucher will only reimburse up to $1280.
The demand for Section 8 rentals in Johnsburg is influenced by the percentage of renters who could potentially benefit from the program. With a 5.6% renter share, this suggests that a significant portion of potential tenants might be looking for affordable housing options. To illustrate, the median household income in the area is such that a 5.6% share of renters could translate into approximately $71,465 worth of potential Section 8 tenants annually, based on an average annual income of around $12,760 for these renters. This translates to roughly $264,203 over five years, assuming steady occupancy and no significant changes in income levels.
Before you decide to accept a Section 8 tenant, verify that your property meets all local housing quality standards (HQS). These standards ensure that the rental unit is safe, decent, and sanitary. Failure to meet these requirements could result in penalties or disqualification from the program. Once you confirm compliance with HQS, you can proceed with confidence, knowing that your investment aligns with both regulatory expectations and financial realities.
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.