ZIP 12062 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 12062 in the Albany-Schenectady-Troy, NY MSA FMR area.

Albany-Schenectady-Troy, NY MSA

$1,130Efficiency
$1,2801 bedroom
$1,5402 bedrooms
$1,8403 bedrooms
$2,0304 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$1,130$1,017$1,243$1,238
1 bedroom$1,280$1,152$1,408$1,425
2 bedrooms$1,540$1,386$1,694$1,711
3 bedrooms$1,840$1,656$2,024$2,039
4 bedrooms$2,030$1,827$2,233$2,249

Housing authorities may set voucher payment standards from 90% to 110% of the FMR that applies to them.

Columbia County, NY

$1,130Efficiency
$1,2801 bedroom
$1,5402 bedrooms
$1,8403 bedrooms
$2,0304 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$1,130$1,017$1,243$1,259
1 bedroom$1,280$1,152$1,408$1,300
2 bedrooms$1,540$1,386$1,694$1,503
3 bedrooms$1,840$1,656$2,024$1,837
4 bedrooms$2,030$1,827$2,233$1,975

Housing authorities may set voucher payment standards from 90% to 110% of the FMR that applies to them.

Income in ZIP 12062

$82,864average adjusted gross income per tax return (2022)
$59,584average salaries and wages per return
850tax returns filed
22%of average income for a 2-bedroom SAFMR
Adjusted gross incomeShare of returns
$1 to $25,00021.2%
$25,000 to $50,00021.2%
$50,000 to $75,00016.5%
$75,000 to $100,00014.1%
$100,000 to $200,00022.4%
$200,000 or more4.7%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 9.4% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 12062?

HUD's FY2027 Small Area FMRs for ZIP 12062 (Albany-Schenectady-Troy, NY MSA) are $1,130 efficiency, $1,280 one bedroom, $1,540 two bedrooms, $1,840 three and $2,030 four bedrooms.

What payment standard can a housing authority set in ZIP 12062?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $1,386 to $1,694.

How affordable is rent in ZIP 12062?

Tax returns filed from ZIP 12062 reported an average adjusted gross income of $82,864 (2022). A two-bedroom unit at the Small Area FMR costs $18,480 a year, or 22% of that income.