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NY/Schenectady County/Schenectady

Schenectady, NY

CitySAFMR
Schenectady County
Found 10 ZIPs
Zillow

City Median Investment Score

67Below average

095130300
BRFMR
Eff. Rent
0 BR$1,100 – $1,390$1,080 – $1,250
1 BR$1,280 – $1,600$1,290 – $1,440
2 BR$1,540 – $1,920$1,590 – $1,730
3 BR$1,840 – $2,290$1,720 – $2,280
4 BR$2,030 – $2,520$1,730 – $2,570
5 BR$2,398Not available
6 BR$2,757Not available
7 BR$3,171Not available
8 BR$3,647Not available

Public Housing Authority

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Rolodex

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Market Alignment

Studio
4
0.88-1.12
1 BR
2
2
2
0.82-1.13
2 BR
6
0.90-1.21
3 BR
3
0.81-1.07
4 BR
4
0.77-1.17
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
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Tax rate
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Mortgage rate
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Schenectady, NY fair market rent, FY 2027

For FY 2027, HUD's two-bedroom Small Area Fair Market Rent across the 10 ZIP codes in Schenectady, NY ranges from $1,540 to $1,920 a month, with a median of $1,585. That is up 0.3% from $1,580 in FY 2026. Schenectady is in the Albany-Schenectady-Troy, NY MSA. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the metro-wide two-bedroom FMR of $1,711. The median county two-bedroom FMR in New York is $1,385, so Schenectady is 14% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for Schenectady, NY
BedroomsFY 2027Change90–110% range
Studio$1,145+1.3%$1,031–$1,260
1BR$1,320+0.4%$1,188–$1,452
2BR$1,585+0.3%$1,427–$1,744
3BR$1,885−0.5%$1,697–$2,074
4BR$2,085−0.5%$1,877–$2,294

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for Schenectady, NY
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,145$1,320$1,585$1,885$2,085
FY 2026$1,130$1,315$1,580$1,895$2,095
FY 2025$985$1,125$1,365$1,645$1,810
FY 2024$930$1,045$1,265$1,530$1,685
FY 2023$900$1,000$1,220$1,485$1,640

Two-bedroom rent by ZIP code

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. median
12309$1,920+21.1%
12302$1,680+6.0%
12306$1,630+2.8%
12301$1,590+0.3%
12345$1,590+0.3%
12308$1,580−0.3%
12303$1,540−2.8%
12304$1,540−2.8%
12305$1,540−2.8%
12307$1,540−2.8%

Questions about Schenectady, NY rents

How much will Section 8 pay for a two-bedroom in Schenectady, NY?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,711, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,540 to $1,882 a month; under the ZIP-level Small Area FMR of $1,585 it would be $1,427 to $1,744. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.

Which HUD fair market rent area is Schenectady, NY in?

Schenectady, NY is in the Albany-Schenectady-Troy, NY MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,711.

How much did fair market rent change in Schenectady, NY for FY 2027?

The two-bedroom FMR rose 0.3%, from $1,580 in FY 2026 to $1,585 in FY 2027. Since FY 2023 it has risen 29.9%.

When do FY 2027 fair market rents take effect?

HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.

Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set

County fair market rentNY statewide rentsWhat is SAFMR?Data sources