12118
ZIPSAFMR
Rensselaer County, NY
BRFMR
Eff. Rent
0 BR$1,090$1,200
1 BR$1,270$1,320
2 BR$1,520$1,550
3 BR$1,820$2,000
4 BR$2,010$2,210
5 BR$2,312
6 BR$2,658
7 BR$3,057
8 BR$3,516

Purchase Price Calculator

Maximum purchase price
$168,413

Cost breakdown

+Likely effective rent$1,550
HUD FMR$1,520
Market rent$1,560
Est. payment standard (102%)Used$1,550
Estimated payment standard is $1,550 (102% of FMR).
-Principal and interest-$852
Loan amount$134,730
Down payment$33,683
Rate6.50%
Term30 years
-Operating costs-$498
Property taxes-$168
Insurance-$175
Utilities$0
HOA$0
Management-$155
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$24,976(74.2% ROI)
Projected value
$181,362
Current value$168,413
Return breakdown
Property appreciation+$12,949
Loan principal paid down+$4,827
Rental cash flow+$7,200
5-year hold
+$42,739(126.9% ROI)
Projected value
$190,544
Current value$168,413
Return breakdown
Property appreciation+$22,131
Loan principal paid down+$8,608
Rental cash flow+$12,000
10-year hold
+$91,681(272.2% ROI)
Projected value
$215,583
Current value$168,413
Return breakdown
Property appreciation+$47,170
Loan principal paid down+$20,511
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
0.81ratio
FMR$1,090
Market$1,340
vs market-$250

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

90% standard$981 / 0.73 ratio110% standard$1,199 / 0.89 ratio
0.81
1 BR
1 BR
0.94ratio
FMR$1,270
Market$1,350
vs market-$80

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

90% standard$1,143 / 0.85 ratio110% standard$1,397 / 1.03 ratio
0.94
2 BR
2 BR
0.97ratio
FMR$1,520
Market$1,560
vs market-$40

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

90% standard$1,368 / 0.88 ratio110% standard$1,672 / 1.07 ratio
0.97
3 BR
3 BR
0.79ratio
FMR$1,820
Market$2,290
vs market-$470

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

90% standard$1,638 / 0.72 ratio110% standard$2,002 / 0.87 ratio
0.79
4 BR
4 BR
0.82ratio
FMR$2,010
Market$2,460
vs market-$450

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

90% standard$1,809 / 0.74 ratio110% standard$2,211 / 0.90 ratio
0.82
0.700.800.901.001.101.201.30aligned range

Voucher rents are below market for smaller unit 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 12118 (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.

12118 fair market rent and Section 8 rent limits

The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 12118 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $1,520 and the 4 bedroom fair market rent is $2,010.

Use this page for searches like 12118 FMR, 12118 fair market rent, and 12118 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 12118
Bedroom sizeHUD FMR
Studio$1,090
1 bedroom$1,270
2 bedroom$1,520
3 bedroom$1,820
4 bedroom$2,010