12232
ZIPFMR
Albany County, NY
BRFMR
Eff. Rent
0 BR$1,217$1,200
1 BR$1,417$1,417
2 BR$1,702$1,702
3 BR$2,041$2,041
4 BR$2,253$2,253
5 BR$2,591
6 BR$2,980
7 BR$3,427
8 BR$3,941

Market Alignment

How HUD fair market rents align with the state of the rental market.

Studio
Studio
1.01ratio
FMR$1,217
Market$1,200
vs market+$17

FMR aligns with market rates. Payment is likely to be at or near the FMR in this area.

1.01
1 BR
1 BR
0.98ratio
FMR$1,417
Market$1,450
vs market-$33

FMR aligns with market rates. Payment is likely to be at or near the FMR in this area.

0.98
2 BR
2 BR
0.88ratio
FMR$1,702
Market$1,930
vs market-$228

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

0.88
3 BR
3 BR
0.88ratio
FMR$2,041
Market$2,330
vs market-$289

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

0.88
4 BR
4 BR
0.91ratio
FMR$2,253
Market$2,470
vs market-$217

FMR aligns with market rates. Payment is likely to be at or near the FMR in this area.

0.91
0.700.800.901.001.101.201.30aligned range

Voucher rents are below market for smaller unit sizes.

Bedroom curve

Historical
See FMR progression in recent years

Data indexed

FMR
FY2026
Market rent
last ~365 days

Purchase Price Calculator

Maximum purchase price
$191,000
Rent
$1,702
Down payment
$38,200
Loan
$152,800
Mortgage
$966
Expenses
$536
Market inputs
About this result(HUD FMR/SAFMR details)

This page shows HUD Fair Market Rent data for 12232 (NY) for FY 2026. Fair Market Rent (FMR) is a HUD benchmark used to determine payment standards for programs like the Housing Choice Voucher (Section 8) program.

Values are shown for 0–4 bedroom units. In some metro areas HUD publishes Small Area FMR (SAFMR) at the ZIP-code level; otherwise the county/metropolitan-area FMR applies. This result is labeled FMR based on HUD's designation for the area and the available data.

Tip: use these numbers as a starting point and confirm local program rules (payment standards may differ from HUD's published FMR). If you're comparing neighborhoods, SAFMR ZIP ranges can highlight variation within the same county.