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Albany County/Selkirk/12158

12158

ZIPSAFMR
Albany County, NY
Zillow

ZIP Investment Score

67Below average

095130300
BRFMR
Eff. Rent
0 BR$1,620$1,280
1 BR$1,870$1,440
2 BR$2,240$1,690
3 BR$2,670$2,110
4 BR$2,940$2,050
5 BR$3,381Not available
6 BR$3,888Not available
7 BR$4,471Not available
8 BR$5,142Not available

Purchase Price Calculator

Maximum purchase price
$189,217

Cost breakdown

+Likely effective rent$1,690
HUD FMR$2,240
Market rentUsed$1,690
Est. payment standard (90%)$2,020
-Principal and interest-$957
Loan amount$151,373
Down payment$37,843
Rate6.50%
Term30 years
-Operating costs-$533
Property taxes-$189
Insurance-$175
Utilities$0
HOA$0
Management-$169
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$27,172(71.8% ROI)
Projected value
$203,766
Return breakdown
Property appreciation+$14,549
Loan principal paid down+$5,423
Rental cash flow+$7,200
5-year hold
+$46,536(123.0% ROI)
Projected value
$214,081
Return breakdown
Property appreciation+$24,865
Loan principal paid down+$9,671
Rental cash flow+$12,000
10-year hold
+$100,042(264.4% ROI)
Projected value
$242,214
Return breakdown
Property appreciation+$52,997
Loan principal paid down+$23,045
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.27
1 BR
1.30
2 BR
1.33
3 BR
1.27
4 BR
1.43
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 12158 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 12158 (Selkirk, NY) is $2,240 a month. That is down 1.3% from $2,270 in FY 2026. Selkirk 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, 12158 is tied for the 4th-highest two-bedroom rent (county range $1,540–$2,570). The median county two-bedroom FMR in New York is $1,385, so ZIP 12158 is 62% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 12158
BedroomsFY 2027Change90–110% range
Studio$1,6200.0%$1,458–$1,782
1BR$1,870−1.1%$1,683–$2,057
2BR$2,240−1.3%$2,016–$2,464
3BR$2,670−1.8%$2,403–$2,937
4BR$2,940−2.3%$2,646–$3,234

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 12158
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,620$1,870$2,240$2,670$2,940
FY 2026$1,620$1,890$2,270$2,720$3,010
FY 2025$1,480$1,700$2,050$2,470$2,720
FY 2024$1,330$1,490$1,810$2,190$2,410
FY 2023$1,250$1,390$1,690$2,060$2,270

Two-bedroom rent in nearby Albany County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 12158
12122$1,540−31.2%
12128$1,740−22.3%
12143$1,540−31.2%
12147$1,740−22.3%
12157$1,540−31.2%
12158Current$2,240—
12159$2,010−10.3%
12161$2,2400.0%
12183$1,540−31.2%
12186$1,560−30.4%
12189$1,540−31.2%
12193$1,540−31.2%

Questions about ZIP 12158 rents

How much will Section 8 pay for a two-bedroom in ZIP 12158?

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 $2,240 it would be $2,016 to $2,464. 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 12158 in?

ZIP 12158 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 12158 for FY 2027?

The two-bedroom FMR fell 1.3%, from $2,270 in FY 2026 to $2,240 in FY 2027. Since FY 2023 it has risen 32.5%.

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