ZIP 12156 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 12156 in the Albany-Schenectady-Troy, NY MSA FMR area.

Albany-Schenectady-Troy, NY MSA

$1,270Efficiency
$1,3901 bedroom
$1,6502 bedrooms
$1,9803 bedrooms
$2,1704 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$1,270$1,143$1,397$1,238
1 bedroom$1,390$1,251$1,529$1,425
2 bedrooms$1,650$1,485$1,815$1,711
3 bedrooms$1,980$1,782$2,178$2,039
4 bedrooms$2,170$1,953$2,387$2,249

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

Columbia County, NY

$1,270Efficiency
$1,3901 bedroom
$1,6502 bedrooms
$1,9803 bedrooms
$2,1704 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$1,270$1,143$1,397$1,259
1 bedroom$1,390$1,251$1,529$1,300
2 bedrooms$1,650$1,485$1,815$1,503
3 bedrooms$1,980$1,782$2,178$1,837
4 bedrooms$2,170$1,953$2,387$1,975

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

Income in ZIP 12156

$85,858average adjusted gross income per tax return (2022)
$54,949average salaries and wages per return
450tax returns filed
23%of average income for a 2-bedroom SAFMR
Adjusted gross incomeShare of returns
$1 to $25,00022.2%
$25,000 to $50,00015.6%
$50,000 to $75,00017.8%
$75,000 to $100,00013.3%
$100,000 to $200,00024.4%
$200,000 or more6.7%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 6.7% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 12156?

HUD's FY2027 Small Area FMRs for ZIP 12156 (Albany-Schenectady-Troy, NY MSA) are $1,270 efficiency, $1,390 one bedroom, $1,650 two bedrooms, $1,980 three and $2,170 four bedrooms.

What payment standard can a housing authority set in ZIP 12156?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $1,485 to $1,815.

How affordable is rent in ZIP 12156?

Tax returns filed from ZIP 12156 reported an average adjusted gross income of $85,858 (2022). A two-bedroom unit at the Small Area FMR costs $19,800 a year, or 23% of that income.