ZIP 12022 Fair Market Rent FY2027
Small Area Fair Market Rents for ZIP code 12022 in the Albany-Schenectady-Troy, NY MSA FMR area.
Payment standard range
| Unit size | SAFMR | 90% | 110% | Metro FMR |
|---|---|---|---|---|
| Efficiency | $1,240 | $1,116 | $1,364 | $1,238 |
| 1 bedroom | $1,420 | $1,278 | $1,562 | $1,425 |
| 2 bedrooms | $1,710 | $1,539 | $1,881 | $1,711 |
| 3 bedrooms | $2,040 | $1,836 | $2,244 | $2,039 |
| 4 bedrooms | $2,250 | $2,025 | $2,475 | $2,249 |
Housing authorities may set voucher payment standards from 90% to 110% of the FMR that applies to them.
Income in ZIP 12022
| Adjusted gross income | Share of returns |
|---|---|
| $1 to $25,000 | 25.6% |
| $25,000 to $50,000 | 25.6% |
| $50,000 to $75,000 | 16.3% |
| $75,000 to $100,000 | 11.6% |
| $100,000 to $200,000 | 20.9% |
| $200,000 or more | 0.0% |
IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 14.0% of returns claimed the Earned Income Tax Credit.
Questions and answers
What is the Small Area Fair Market Rent for ZIP code 12022?
HUD's FY2027 Small Area FMRs for ZIP 12022 (Albany-Schenectady-Troy, NY MSA) are $1,240 efficiency, $1,420 one bedroom, $1,710 two bedrooms, $2,040 three and $2,250 four bedrooms.
What payment standard can a housing authority set in ZIP 12022?
Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $1,539 to $1,881.
How affordable is rent in ZIP 12022?
Tax returns filed from ZIP 12022 reported an average adjusted gross income of $66,793 (2022). A two-bedroom unit at the Small Area FMR costs $20,520 a year, or 31% of that income.