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Albany County/Slingerlands/12159

12159

ZIPSAFMR
Albany County, NY
Zillow

ZIP Investment Score

50Below average

095130300
BRFMR
Eff. Rent
0 BR$1,450$1,270
1 BR$1,670$1,480
2 BR$2,010$2,060
3 BR$2,390$2,480
4 BR$2,640$2,570
5 BR$3,036Not available
6 BR$3,491Not available
7 BR$4,015Not available
8 BR$4,617Not available

Purchase Price Calculator

Maximum purchase price
$244,199

Cost breakdown

+Likely effective rent$2,060
HUD FMR$2,010
Market rent$2,090
Est. payment standard (103%)Used$2,060
-Principal and interest-$1,235
Loan amount$195,359
Down payment$48,840
Rate6.50%
Term30 years
-Operating costs-$625
Property taxes-$244
Insurance-$175
Utilities$0
HOA$0
Management-$206
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$32,976(67.5% ROI)
Projected value
$262,975
Return breakdown
Property appreciation+$18,777
Loan principal paid down+$6,999
Rental cash flow+$7,200
5-year hold
+$56,571(115.8% ROI)
Projected value
$276,288
Return breakdown
Property appreciation+$32,090
Loan principal paid down+$12,482
Rental cash flow+$12,000
10-year hold
+$122,137(250.1% ROI)
Projected value
$312,595
Return breakdown
Property appreciation+$68,396
Loan principal paid down+$29,741
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.14
1 BR
1.13
2 BR
0.96
3 BR
0.94
4 BR
1.03
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 12159 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 12159 (Slingerlands, NY) is $2,010 a month. That is up 1.0% from $1,990 in FY 2026. Slingerlands 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, 12159 has the 7th-highest two-bedroom rent (county range $1,540–$2,570). The median county two-bedroom FMR in New York is $1,385, so ZIP 12159 is 45% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 12159
BedroomsFY 2027Change90–110% range
Studio$1,450+2.1%$1,305–$1,595
1BR$1,670+0.6%$1,503–$1,837
2BR$2,010+1.0%$1,809–$2,211
3BR$2,3900.0%$2,151–$2,629
4BR$2,640+0.4%$2,376–$2,904

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 12159
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,450$1,670$2,010$2,390$2,640
FY 2026$1,420$1,660$1,990$2,390$2,630
FY 2025$1,220$1,400$1,690$2,040$2,240
FY 2024$1,130$1,270$1,540$1,860$2,050
FY 2023$1,050$1,180$1,430$1,740$1,920

Two-bedroom rent in nearby Albany County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 12159
12122$1,540−23.4%
12128$1,740−13.4%
12143$1,540−23.4%
12147$1,740−13.4%
12157$1,540−23.4%
12158$2,240+11.4%
12159Current$2,010—
12161$2,240+11.4%
12183$1,540−23.4%
12186$1,560−22.4%
12189$1,540−23.4%
12193$1,540−23.4%

Questions about ZIP 12159 rents

How much will Section 8 pay for a two-bedroom in ZIP 12159?

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 $2,010 it would be $1,809 to $2,211. 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 12159 in?

ZIP 12159 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 12159 for FY 2027?

The two-bedroom FMR rose 1.0%, from $1,990 in FY 2026 to $2,010 in FY 2027. Since FY 2023 it has risen 40.6%.

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