Skip to main content
Loading page
Albany County/Troy/12183

12183

ZIPSAFMR
Albany County, NY
Zillow

ZIP Investment Score

66Below average

095130300
BRFMR
Eff. Rent
0 BR$1,100$1,200
1 BR$1,280$1,330
2 BR$1,540$1,480
3 BR$1,840$1,630
4 BR$2,030$1,540
5 BR$2,335Not available
6 BR$2,685Not available
7 BR$3,087Not available
8 BR$3,550Not available

Purchase Price Calculator

Maximum purchase price
$158,011

Cost breakdown

+Likely effective rent$1,480
HUD FMR$1,540
Market rentUsed$1,480
Est. payment standard (97%)$1,500
-Principal and interest-$799
Loan amount$126,409
Down payment$31,602
Rate6.50%
Term30 years
-Operating costs-$481
Property taxes-$158
Insurance-$175
Utilities$0
HOA$0
Management-$148
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$23,878(75.6% ROI)
Projected value
$170,160
Return breakdown
Property appreciation+$12,150
Loan principal paid down+$4,529
Rental cash flow+$7,200
5-year hold
+$40,840(129.2% ROI)
Projected value
$178,775
Return breakdown
Property appreciation+$20,764
Loan principal paid down+$8,076
Rental cash flow+$12,000
10-year hold
+$87,501(276.9% ROI)
Projected value
$202,267
Return breakdown
Property appreciation+$44,256
Loan principal paid down+$19,244
Rental cash flow+$24,000

Public Housing Authority

Loading Public Housing Authority

Rolodex

Loading Rolodex

Market Alignment

Studio
0.87
1 BR
0.95
2 BR
1.04
3 BR
1.13
4 BR
1.32
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 12183 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 12183 (Troy, NY) is $1,540 a month. That is up 8.5% from $1,420 in FY 2026. Troy 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, 12183 is tied for the 44th-highest two-bedroom rent (county range $1,540–$2,570). The median county two-bedroom FMR in New York is $1,385, so ZIP 12183 is 11% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 12183
BedroomsFY 2027Change90–110% range
Studio$1,100+7.8%$990–$1,210
1BR$1,280+8.5%$1,152–$1,408
2BR$1,540+8.5%$1,386–$1,694
3BR$1,840+8.2%$1,656–$2,024
4BR$2,030+8.0%$1,827–$2,233

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 12183
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,100$1,280$1,540$1,840$2,030
FY 2026$1,020$1,180$1,420$1,700$1,880
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 Albany County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 12183
12159$2,010+30.5%
12161$2,240+45.5%
12183Current$1,540—
12186$1,560+1.3%
12189$1,5400.0%
12193$1,5400.0%
12201$1,740+13.0%
12202$1,5400.0%
12203$1,890+22.7%
12204$1,760+14.3%
12205$1,900+23.4%
12206$1,700+10.4%

Questions about ZIP 12183 rents

How much will Section 8 pay for a two-bedroom in ZIP 12183?

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 12183 in?

ZIP 12183 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 12183 for FY 2027?

The two-bedroom FMR rose 8.5%, from $1,420 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 rentTroy, NY fair market rentNY statewide rentsWhat is SAFMR?Data sources