FY2027 Small Area FMR · Albany, NY

ZIP 12205 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 12205 (Albany, NY) is $1,900 a month, up 0.5% from FY2026. That is 11% above the Albany-Schenectady-Troy, NY area-wide FMR of $1,711.

2-bedroom SAFMR$1,900per month ▲ 0.5%

Area-wide 2 BR FMR$1,711Albany-Schenectady-Troy, NY

Rank in the area23rdof 153 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,710

2 BR Small Area FMR$1,900

110% of SAFMR$2,090

Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.

Studio$1,370▲ 1.5%

1 BR$1,580▲ 0.6%

2 BR$1,900▲ 0.5%

3 BR$2,260▼ 0.4%

4 BR$2,500■ 0.0%

FY2027 FY2026

Where 12205 sits in the Albany-Schenectady-Troy, NY area

Of the 153 ZIP codes HUD lists for the area, 12205 has the 23rd highest two-bedroom Small Area FMR. Albany-Schenectady-Troy, NY is not on HUD's list of mandatory Small Area FMR areas, so voucher payment standards here are normally based on the area-wide FMR of $1,711 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,900 for this ZIP code instead.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$1,370	$1,233 – $1,507	$1,238	$1,350
1 bedroom	$1,580	$1,422 – $1,738	$1,425	$1,570
2 bedrooms	$1,900	$1,710 – $2,090	$1,711	$1,890
3 bedrooms	$2,260	$2,034 – $2,486	$2,039	$2,270
4 bedrooms	$2,500	$2,250 – $2,750	$2,249	$2,500

A household renting a two-bedroom home at the Small Area FMR of $1,900 needs about $76,000 a year to keep housing costs at 30% of income. The area median family income is $123,100 and the 80% low-income limit for four people is $98,500. ZIP code 12205 lies mainly in Albany County. See the Albany-Schenectady-Troy, NY metro page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
12222	Albany	2.3 mi	$2,570
12203	Albany	2.8 mi	$1,890
12110	Latham	3.5 mi	$1,970
12211	Albany	3.5 mi	$2,320
12084	Guilderland	3.7 mi	$2,110
12206	Albany	3.9 mi	$1,700

Questions

What is the Fair Market Rent for ZIP code 12205?

HUD's FY2027 Small Area Fair Market Rents for 12205 are $1,370 (studio), $1,580 (1 BR), $1,900 (2 BR), $2,260 (3 BR) and $2,500 (4 BR) a month.

What is the Section 8 payment standard in 12205?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 12205 that range is $1,710 to $2,090 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 12205?

The FY2026 income limits of the Albany-Schenectady-Troy, NY area apply: median family income $123,100, low-income (80%) limit $98,500 for a family of four.