For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 12045 (Coeymans, NY) is $1,960 a month. That is down 4.4% from $2,050 in FY 2026. Coeymans 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. Among 60 ZIP codes in Albany County, 12045 has the 11th-highest two-bedroom rent (county range $1,540–$2,570). The median county two-bedroom FMR in New York is $1,385, so ZIP 12045 is 42% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 12045
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,470
$1,420
−3.4%
$1,278–$1,562
1BR
$1,710
$1,640
−4.1%
$1,476–$1,804
2BR
$2,050
$1,960
−4.4%
$1,764–$2,156
3BR
$2,460
$2,340
−4.9%
$2,106–$2,574
4BR
$2,710
$2,590
−4.4%
$2,331–$2,849
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 12045
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,420
$1,640
$1,960
$2,340
$2,590
FY 2026
$1,470
$1,710
$2,050
$2,460
$2,710
FY 2025
$1,180
$1,350
$1,630
$1,960
$2,160
FY 2024
$1,020
$1,140
$1,390
$1,680
$1,850
FY 2023
$910
$1,010
$1,230
$1,500
$1,650
Two-bedroom rent in nearby Albany County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 12045?
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 $1,960 it would be $1,764 to $2,156. 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 ZIP 12045 in?
ZIP 12045 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 ZIP 12045 for FY 2027?
The two-bedroom FMR fell 4.4%, from $2,050 in FY 2026 to $1,960 in FY 2027. Since FY 2023 it has risen 59.3%.
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