12047
ZIPSAFMR
Albany County, NY
BRFMR
Eff. Rent
0 BR$1,300$1,100
1 BR$1,510$1,290
2 BR$1,820$1,510
3 BR$2,180$1,750
4 BR$2,410$1,730
5 BR$2,772
6 BR$3,187
7 BR$3,665
8 BR$4,215

Purchase Price Calculator

Maximum purchase price
$162,469

Cost breakdown

+Likely effective rent$1,510
HUD FMR$1,820
Market rentUsed$1,510
Est. payment standard (90%)$1,640
Market rent is below the inferred standard ($1,640, 90% of FMR).
-Principal and interest-$822
Loan amount$129,975
Down payment$32,494
Rate6.50%
Term30 years
-Operating costs-$488
Property taxes-$162
Insurance-$175
Utilities$0
HOA$0
Management-$151
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$24,349(74.9% ROI)
Projected value
$174,961
Current value$162,469
Return breakdown
Property appreciation+$12,492
Loan principal paid down+$4,657
Rental cash flow+$7,200
5-year hold
+$41,654(128.2% ROI)
Projected value
$183,819
Current value$162,469
Return breakdown
Property appreciation+$21,350
Loan principal paid down+$8,304
Rental cash flow+$12,000
10-year hold
+$89,292(274.8% ROI)
Projected value
$207,974
Current value$162,469
Return breakdown
Property appreciation+$45,505
Loan principal paid down+$19,787
Rental cash flow+$24,000

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Market Alignment

FMR / market rent by bedroom; grey wings show the 90-110% payment-standard spread.

Studio
Studio
1.18ratio
FMR$1,300
Market$1,100
vs market+$200

FMR is above market; underwrite to market rent.

90% standard$1,170 / 1.06 ratio110% standard$1,430 / 1.30 ratio
1.18
1 BR
1 BR
1.17ratio
FMR$1,510
Market$1,290
vs market+$220

FMR is above market; underwrite to market rent.

90% standard$1,359 / 1.05 ratio110% standard$1,661 / 1.29 ratio
1.17
2 BR
2 BR
1.21ratio
FMR$1,820
Market$1,510
vs market+$310

FMR is above market; underwrite to market rent.

90% standard$1,638 / 1.08 ratio110% standard$2,002 / 1.33 ratio
1.21
3 BR
3 BR
1.25ratio
FMR$2,180
Market$1,750
vs market+$430

FMR is above market; underwrite to market rent.

90% standard$1,962 / 1.12 ratio110% standard$2,398 / 1.37 ratio
1.25
4 BR
4 BR
1.39ratio
FMR$2,410
Market$1,730
vs market+$680

FMR is above market; underwrite to market rent.

90% standard$2,169 / 1.25 ratio110% standard$2,651 / 1.53 ratio
1.39
0.700.800.901.001.101.201.30aligned range

HUD benchmarks exceed market rents across all bedroom sizes.

Historical
FY 2022-2026

Data freshness

FMR
FY2026
Market rent
last ~365 days
About this result(HUD FMR/SAFMR details)

This page shows HUD Fair Market Rent data for 12047 (NY) for FY 2026. Fair Market Rent (FMR) is a HUD benchmark used to determine payment standards for programs like the Housing Choice Voucher (Section 8) program.

Values are shown for 0–4 bedroom units. In some metro areas HUD publishes Small Area FMR (SAFMR) at the ZIP-code level; otherwise the county/metropolitan-area FMR applies. This result is labeled SAFMR based on HUD's designation for the area and the available data.

Tip: use these numbers as a starting point and confirm local program rules (payment standards may differ from HUD's published FMR). If you're comparing neighborhoods, SAFMR ZIP ranges can highlight variation within the same county.

12047 fair market rent and Section 8 rent limits

The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 12047 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $1,820 and the 4 bedroom fair market rent is $2,410.

Use this page for searches like 12047 FMR, 12047 fair market rent, and 12047 Section 8 payment standards. Local housing authorities can set payment standards above or below published HUD FMR, so confirm program rules before underwriting a property.

FY 2026 Fair Market Rent by bedroom size for 12047
Bedroom sizeHUD FMR
Studio$1,300
1 bedroom$1,510
2 bedroom$1,820
3 bedroom$2,180
4 bedroom$2,410