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Rensselaer County/Stephentown/12169

12169

ZIPSAFMR
Rensselaer County, NY
Zillow

ZIP Investment Score

84Below average

095130300
BRFMR
Eff. Rent
0 BR$1,360$1,360
1 BR$1,570$1,570
2 BR$1,880$1,880
3 BR$2,240$2,240
4 BR$2,480$2,480
5 BR$2,852Not available
6 BR$3,280Not available
7 BR$3,772Not available
8 BR$4,338Not available

Purchase Price Calculator

Maximum purchase price
$217,451

Cost breakdown

+Likely effective rent$1,880
HUD FMRUsed$1,880
Market rentN/A
Est. payment standardN/A
-Principal and interest-$1,100
Loan amount$173,961
Down payment$43,490
Rate6.50%
Term30 years
-Operating costs-$580
Property taxes-$217
Insurance-$175
Utilities$0
HOA$0
Management-$188
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$30,153(69.3% ROI)
Projected value
$234,171
Return breakdown
Property appreciation+$16,720
Loan principal paid down+$6,233
Rental cash flow+$7,200
5-year hold
+$51,689(118.9% ROI)
Projected value
$246,026
Return breakdown
Property appreciation+$28,575
Loan principal paid down+$11,114
Rental cash flow+$12,000
10-year hold
+$111,388(256.1% ROI)
Projected value
$278,355
Return breakdown
Property appreciation+$60,905
Loan principal paid down+$26,484
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
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Tax rate
--
Mortgage rate
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ZIP 12169 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 12169 (Stephentown, NY) is $1,880 a month. That is up 9.9% from $1,710 in FY 2026. Stephentown 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, 12169 has the 7th-highest two-bedroom rent (county range $1,540–$2,320). The median county two-bedroom FMR in New York is $1,385, so ZIP 12169 is 36% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 12169
BedroomsFY 2027Change90–110% range
Studio$1,360+10.6%$1,224–$1,496
1BR$1,570+9.8%$1,413–$1,727
2BR$1,880+9.9%$1,692–$2,068
3BR$2,240+9.3%$2,016–$2,464
4BR$2,480+9.3%$2,232–$2,728

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 12169
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,360$1,570$1,880$2,240$2,480
FY 2026$1,230$1,430$1,710$2,050$2,270
FY 2025$1,010$1,150$1,390$1,680$1,850
FY 2024$930$1,040$1,260$1,530$1,680
FY 2023$850$950$1,150$1,410$1,550

Two-bedroom rent in nearby Rensselaer County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 12169
12144$1,970+4.8%
12153$1,910+1.6%
12154$1,540−18.1%
12156$1,650−12.2%
12168$1,650−12.2%
12169Current$1,880—
12180$1,710−9.0%
12181$1,670−11.2%
12182$1,540−18.1%
12184$1,540−18.1%
12185$1,540−18.1%
12196$1,540−18.1%

Questions about ZIP 12169 rents

How much will Section 8 pay for a two-bedroom in ZIP 12169?

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 $1,880 it would be $1,692 to $2,068. 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 12169 in?

ZIP 12169 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 12169 for FY 2027?

The two-bedroom FMR rose 9.9%, from $1,710 in FY 2026 to $1,880 in FY 2027. Since FY 2023 it has risen 63.5%.

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