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Rensselaer County/East Greenbush/12061

12061

ZIPSAFMR
Rensselaer County, NY
Zillow

ZIP Investment Score

59Below average

095130300
BRFMR
Eff. Rent
0 BR$1,680$1,710
1 BR$1,930$1,870
2 BR$2,320$2,260
3 BR$2,760$2,140
4 BR$3,050$2,080
5 BR$3,507Not available
6 BR$4,034Not available
7 BR$4,639Not available
8 BR$5,334Not available

Purchase Price Calculator

Maximum purchase price
$273,919

Cost breakdown

+Likely effective rent$2,260
HUD FMR$2,320
Market rentUsed$2,260
Est. payment standard (98%)$2,280
-Principal and interest-$1,385
Loan amount$219,135
Down payment$54,784
Rate6.50%
Term30 years
-Operating costs-$675
Property taxes-$274
Insurance-$175
Utilities$0
HOA$0
Management-$226
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$36,113(65.9% ROI)
Projected value
$294,980
Return breakdown
Property appreciation+$21,062
Loan principal paid down+$7,851
Rental cash flow+$7,200
5-year hold
+$61,996(113.2% ROI)
Projected value
$309,914
Return breakdown
Property appreciation+$35,995
Loan principal paid down+$14,001
Rental cash flow+$12,000
10-year hold
+$134,081(244.7% ROI)
Projected value
$350,639
Return breakdown
Property appreciation+$76,720
Loan principal paid down+$33,361
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.98
1 BR
1.03
2 BR
1.03
3 BR
1.29
4 BR
1.47
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 12061 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 12061 (East Greenbush, NY) is $2,320 a month. That is up 2.7% from $2,260 in FY 2026. East Greenbush 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 34 ZIP codes in Rensselaer County, 12061 has the highest two-bedroom rent (county range $1,540–$2,320). The median county two-bedroom FMR in New York is $1,385, so ZIP 12061 is 68% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 12061
BedroomsFY 2027Change90–110% range
Studio$1,680+3.7%$1,512–$1,848
1BR$1,930+2.7%$1,737–$2,123
2BR$2,320+2.7%$2,088–$2,552
3BR$2,760+1.8%$2,484–$3,036
4BR$3,050+2.0%$2,745–$3,355

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 12061
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,680$1,930$2,320$2,760$3,050
FY 2026$1,620$1,880$2,260$2,710$2,990
FY 2025$1,380$1,580$1,910$2,300$2,530
FY 2024$1,260$1,410$1,710$2,070$2,280
FY 2023$1,200$1,340$1,630$1,980$2,190

Two-bedroom rent in nearby Rensselaer County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 12061
12028$1,540−33.6%
12033$1,830−21.1%
12040$1,740−25.0%
12052$2,010−13.4%
12057$1,540−33.6%
12061Current$2,320—
12062$1,540−33.6%
12063$1,810−22.0%
12082$2,010−13.4%
12089$1,670−28.0%
12090$1,540−33.6%
12094$1,540−33.6%

Questions about ZIP 12061 rents

How much will Section 8 pay for a two-bedroom in ZIP 12061?

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 $2,320 it would be $2,088 to $2,552. 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 12061 in?

ZIP 12061 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 12061 for FY 2027?

The two-bedroom FMR rose 2.7%, from $2,260 in FY 2026 to $2,320 in FY 2027. Since FY 2023 it has risen 42.3%.

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

County fair market rentEast Greenbush, NY fair market rentNY statewide rentsWhat is SAFMR?Data sources