Albany County/Greenville/12083

12083

ZIPSAFMR

Albany County, NY

View on ZillowZillow

ZIP Investment Score

61Below average

095130300

BR	FMR	Eff. Rent	3Y CAGR
0 BR	$1,100	$1,210	5.8%
1 BR	$1,280	$1,330	7.2%
2 BR	$1,540	$1,500	6.9%
3 BR	$1,840	$1,570	6.6%
4 BR	$2,030	$1,680	6.5%
5 BR	$2,335	Not available	6.5%
6 BR	$2,685	Not available	6.5%
7 BR	$3,087	Not available	6.5%
8 BR	$3,550	Not available	6.5%

Purchase Price Calculator

Maximum purchase price

$160,983

Cost breakdown

+Likely effective rent$1,500

HUD FMR$1,540

Market rentUsed$1,500

Est. payment standard (98%)$1,510

-Principal and interest-$814

Loan amount$128,786

Down payment$32,197

Rate6.50%

Term30 years

-Operating costs-$486

Property taxes-$161

Insurance-$175

Utilities$0

HOA$0

Management-$150

=Target cash flow+$200

Calculation mode

BedroomsCash-flow target

Down payment methodDown payment %

HOA / mo

Utilities methodUtilities amount

Management methodManagement % of rent

Hold period projections

Annual appreciation rate

3-year hold

+$24,192(75.1% ROI)

Projected value

$173,361

Return breakdown

Property appreciation+$12,378

Loan principal paid down+$4,614

Rental cash flow+$7,200

5-year hold

+$41,383(128.5% ROI)

Projected value

$182,137

Return breakdown

Property appreciation+$21,154

Loan principal paid down+$8,228

Rental cash flow+$12,000

10-year hold

+$88,695(275.5% ROI)

Projected value

$206,072

Return breakdown

Property appreciation+$45,089

Loan principal paid down+$19,606

Rental cash flow+$24,000

Public Housing Authority

Rolodex

Market Alignment

Studio

0.83ratio

FMR$1,100

Market$1,320

vs market-$220

FMR is below market; voucher rent may lag private rents.

0.83

1 BR

0.95ratio

FMR$1,280

Market$1,350

vs market-$70

FMR is near market; voucher and private rents are aligned.

0.95

2 BR

1.03ratio

FMR$1,540

Market$1,500

vs market+$40

FMR is near market; voucher and private rents are aligned.

1.03

3 BR

1.17ratio

FMR$1,840

Market$1,570

vs market+$270

FMR is above market; underwrite to market rent.

1.17

4 BR

1.21ratio

FMR$2,030

Market$1,680

vs market+$350

FMR is above market; underwrite to market rent.

1.21

0.700.800.901.001.101.201.30aligned range

Historical

FY 2023-2027

FMR: FY2027
Market rent: last ~365 days
Property value: --
Tax rate: --
Mortgage rate: --

ZIP 12083 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 12083 (Greenville, NY) is $1,540 a month. That is up 14.9% from $1,340 in FY 2026. Greenville 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, 12083 is tied for the 44th-highest two-bedroom rent (county range $1,540–$2,570). The median county two-bedroom FMR in New York is $1,385, so ZIP 12083 is 11% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 12083
Bedrooms	FY 2026	FY 2027	Change	90–110% range
Studio	$970	$1,100	+13.4%	$990–$1,210
1BR	$1,110	$1,280	+15.3%	$1,152–$1,408
2BR	$1,340	$1,540	+14.9%	$1,386–$1,694
3BR	$1,620	$1,840	+13.6%	$1,656–$2,024
4BR	$1,780	$2,030	+14.0%	$1,827–$2,233

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 12083
Fiscal year	Studio	1BR	2BR	3BR	4BR
FY 2027	$1,100	$1,280	$1,540	$1,840	$2,030
FY 2026	$970	$1,110	$1,340	$1,620	$1,780
FY 2025	$940	$1,020	$1,240	$1,580	$1,730
FY 2024	$930	$1,040	$1,260	$1,520	$1,680
FY 2023	$920	$1,030	$1,250	$1,520	$1,680

Two-bedroom rent in nearby Albany County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code	2 bedroom	vs. 12083
12053	$1,540	0.0%
12054	$2,270	+47.4%
12055	$1,740	+13.0%
12059	$1,540	0.0%
12067	$1,540	0.0%
12077	$1,980	+28.6%
12083Current	$1,540	—
12084	$2,110	+37.0%
12085	$1,660	+7.8%
12087	$1,540	0.0%
12107	$1,740	+13.0%
12110	$1,970	+27.9%

Questions about ZIP 12083 rents

How much will Section 8 pay for a two-bedroom in ZIP 12083?

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 $1,540 it would be $1,386 to $1,694. 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 12083 in?

ZIP 12083 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 12083 for FY 2027?

The two-bedroom FMR rose 14.9%, from $1,340 in FY 2026 to $1,540 in FY 2027. Since FY 2023 it has risen 23.2%.

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 rent Greenville, NY fair market rent NY statewide rents What is SAFMR?Data sources