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Rensselaer County/Petersburg/12138

12138

ZIPSAFMR
Rensselaer County, NY
Zillow

ZIP Investment Score

89Below average

095130300
BRFMR
Eff. Rent
0 BR$1,290$1,290
1 BR$1,490$1,490
2 BR$1,790$1,790
3 BR$2,130$2,130
4 BR$2,350$2,350
5 BR$2,703Not available
6 BR$3,108Not available
7 BR$3,574Not available
8 BR$4,110Not available

Purchase Price Calculator

Maximum purchase price
$204,077

Cost breakdown

+Likely effective rent$1,790
HUD FMRUsed$1,790
Market rentN/A
Est. payment standardN/A
-Principal and interest-$1,032
Loan amount$163,261
Down payment$40,815
Rate6.50%
Term30 years
-Operating costs-$558
Property taxes-$204
Insurance-$175
Utilities$0
HOA$0
Management-$179
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$28,741(70.4% ROI)
Projected value
$219,768
Return breakdown
Property appreciation+$15,692
Loan principal paid down+$5,849
Rental cash flow+$7,200
5-year hold
+$49,248(120.7% ROI)
Projected value
$230,894
Return breakdown
Property appreciation+$26,817
Loan principal paid down+$10,431
Rental cash flow+$12,000
10-year hold
+$106,013(259.7% ROI)
Projected value
$261,236
Return breakdown
Property appreciation+$57,159
Loan principal paid down+$24,855
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Not enough rental comps in this area to determine how FMR aligns with current market rates.

Historical
FY 2023-2027
FMR
FY2027
Property value
--
Tax rate
--
Mortgage rate
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ZIP 12138 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 12138 (Petersburg, NY) is $1,790 a month. That is up 8.5% from $1,650 in FY 2026. Petersburg 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, 12138 has the 10th-highest two-bedroom rent (county range $1,540–$2,320). The median county two-bedroom FMR in New York is $1,385, so ZIP 12138 is 29% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 12138
BedroomsFY 2027Change90–110% range
Studio$1,290+9.3%$1,161–$1,419
1BR$1,490+8.8%$1,341–$1,639
2BR$1,790+8.5%$1,611–$1,969
3BR$2,130+7.6%$1,917–$2,343
4BR$2,350+7.8%$2,115–$2,585

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 12138
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,290$1,490$1,790$2,130$2,350
FY 2026$1,180$1,370$1,650$1,980$2,180
FY 2025$1,000$1,150$1,390$1,670$1,840
FY 2024$880$980$1,190$1,440$1,590
FY 2023$810$900$1,090$1,350$1,480

Two-bedroom rent in nearby Rensselaer County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 12138
12118$1,560−12.8%
12121$1,540−14.0%
12123$1,540−14.0%
12133$1,670−6.7%
12138Current$1,790—
12140$1,540−14.0%
12144$1,970+10.1%
12153$1,910+6.7%
12154$1,540−14.0%
12156$1,650−7.8%
12168$1,650−7.8%
12169$1,880+5.0%

Questions about ZIP 12138 rents

How much will Section 8 pay for a two-bedroom in ZIP 12138?

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 $1,790 it would be $1,611 to $1,969. 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 12138 in?

ZIP 12138 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 12138 for FY 2027?

The two-bedroom FMR rose 8.5%, from $1,650 in FY 2026 to $1,790 in FY 2027. Since FY 2023 it has risen 64.2%.

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 rentPetersburg, NY fair market rentNY statewide rentsWhat is SAFMR?Data sources