12140

ZIPSAFMR

Rensselaer County, NY

ZIP Investment Score

51Below average

095130300

BR	FMR	Eff. Rent	3Y CAGR
0 BR	$1,100	$1,210	7.7%
1 BR	$1,280	$1,410	9.3%
2 BR	$1,540	$1,640	9.0%
3 BR	$1,840	$1,780	8.5%
4 BR	$2,030	$1,790	8.5%
5 BR	$2,335	Not available	8.5%
6 BR	$2,685	Not available	8.5%
7 BR	$3,087	Not available	8.5%
8 BR	$3,550	Not available	8.5%

Purchase Price Calculator

Maximum purchase price

$181,787

Cost breakdown

+Likely effective rent$1,640

HUD FMR$1,540

Market rent$1,690

Est. payment standard (106%)Used$1,640

-Principal and interest-$919

Loan amount$145,429

Down payment$36,357

Rate6.50%

Term30 years

-Operating costs-$521

Property taxes-$182

Insurance-$175

Utilities$0

HOA$0

Management-$164

=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

+$26,388(72.6% ROI)

Projected value

$195,765

Return breakdown

Property appreciation+$13,978

Loan principal paid down+$5,210

Rental cash flow+$7,200

5-year hold

+$45,180(124.3% ROI)

Projected value

$205,675

Return breakdown

Property appreciation+$23,888

Loan principal paid down+$9,292

Rental cash flow+$12,000

10-year hold

+$97,056(266.9% ROI)

Projected value

$232,703

Return breakdown

Property appreciation+$50,916

Loan principal paid down+$22,140

Rental cash flow+$24,000

Public Housing Authority

Rolodex

Market Alignment

Studio

0.75ratio

FMR$1,100

Market$1,460

vs market-$360

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

0.75

1 BR

0.83ratio

FMR$1,280

Market$1,540

vs market-$260

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

0.83

2 BR

0.91ratio

FMR$1,540

Market$1,690

vs market-$150

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

0.91

3 BR

1.03ratio

FMR$1,840

Market$1,780

vs market+$60

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

1.03

4 BR

1.13ratio

FMR$2,030

Market$1,790

vs market+$240

FMR is above market; underwrite to market rent.

1.13

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 12140 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 12140 (Poestenkill, NY) is $1,540 a month. That is up 14.9% from $1,340 in FY 2026. Poestenkill 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, 12140 is tied for the 22nd-highest two-bedroom rent (county range $1,540–$2,320). The median county two-bedroom FMR in New York is $1,385, so ZIP 12140 is 11% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 12140
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 12140
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	$910	$1,020	$1,240	$1,500	$1,650
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 code	2 bedroom	vs. 12140
12118	$1,560	+1.3%
12121	$1,540	0.0%
12123	$1,540	0.0%
12133	$1,670	+8.4%
12138	$1,790	+16.2%
12140Current	$1,540	—
12144	$1,970	+27.9%
12153	$1,910	+24.0%
12154	$1,540	0.0%
12156	$1,650	+7.1%
12168	$1,650	+7.1%
12169	$1,880	+22.1%

Questions about ZIP 12140 rents

How much will Section 8 pay for a two-bedroom in ZIP 12140?

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 12140 in?

ZIP 12140 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 12140 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 41.3%.

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