Location: Glens Falls, NY | Metro: Glens Falls, NY MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $960 |
| 1 Bedroom | $970 |
| 2 Bedrooms | $1,220 |
| 3 Bedrooms | $1,580 |
| 4 Bedrooms | $1,620 |
| 5 Bedrooms | $1,879 |
| 6 Bedrooms | $2,104 |
| 7 Bedrooms | $2,272 |
| 8 Bedrooms | $2,386 |
U.S. Census Bureau data (2024)
The Section 8 market analysis for ZIP code 12886 in Glens Falls, NY MSA highlights several key points for landlords and small-portfolio investors. The HUD Fair Market Rent (FMR) for this area is set at $1280 for fiscal year 2024. However, the market rent data is currently unavailable, which makes direct comparisons challenging.
Given the HUD FMR of $1280, landlords can expect that voucher tenants will generally cashflow at this rate. This means that the rental income received from Section 8 tenants will typically cover the cost of operating expenses and mortgage payments, assuming the property's value aligns with the typical market conditions.
The median home value in ZIP 12886 is $303,224. Using this figure, we can derive the rent-to-price ratio, which is an important metric for understanding the relative value of rental properties. With a monthly rent of $1280, the annual rent would be $15,360, resulting in a rent-to-price ratio of approximately 5.07%. This ratio suggests that the rental income generated from properties in this ZIP code is relatively low compared to the median home value, indicating that the primary benefit for investors is likely to come from stable cash flow rather than high rental yields.
Currently, there is no available data on the median days on market (DOM) or the percentage of price cuts. These metrics would provide additional insights into the local real estate market's activity and pricing trends. Without this information, it is difficult to make precise predictions about the rent-versus-buy dynamics in the area.
The strongest angle for investors in ZIP 12886 is stability. The consistent cash flow provided by Section 8 vouchers ensures a reliable income stream, making it an attractive option for those seeking long-term investment security in the Glens Falls, NY MSA market.
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.