FY2027 Small Area FMR · Albany, NY

ZIP 12209 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 12209 (Albany, NY) is $1,570 a month, down 0.6% from FY2026. That is 8% below the Albany-Schenectady-Troy, NY area-wide FMR of $1,711.

2-bedroom SAFMR$1,570per month ▼ 0.6%

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

Rank in the area82ndof 153 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,413

2 BR Small Area FMR$1,570

110% of SAFMR$1,727

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

Studio$1,140▲ 0.9%

1 BR$1,310▼ 0.8%

2 BR$1,570▼ 0.6%

3 BR$1,870▼ 1.1%

4 BR$2,060▼ 1.4%

FY2027 FY2026

Where 12209 sits in the Albany-Schenectady-Troy, NY area

Of the 153 ZIP codes HUD lists for the area, 12209 has the 82nd 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 $1,570 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	$1,140	$1,026 – $1,254	$1,238	$1,130
1 bedroom	$1,310	$1,179 – $1,441	$1,425	$1,320
2 bedrooms	$1,570	$1,413 – $1,727	$1,711	$1,580
3 bedrooms	$1,870	$1,683 – $2,057	$2,039	$1,890
4 bedrooms	$2,060	$1,854 – $2,266	$2,249	$2,090

A household renting a two-bedroom home at the Small Area FMR of $1,570 needs about $62,800 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 12209 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
12208	Albany	1.4 mi	$1,730
12202	Albany	1.6 mi	$1,540
12226	Albany	2.0 mi	$1,740
12210	Albany	2.2 mi	$1,550
12206	Albany	2.5 mi	$1,700
12207	Albany	2.6 mi	$1,970

Questions

What is the Fair Market Rent for ZIP code 12209?

HUD's FY2027 Small Area Fair Market Rents for 12209 are $1,140 (studio), $1,310 (1 BR), $1,570 (2 BR), $1,870 (3 BR) and $2,060 (4 BR) a month.

What is the Section 8 payment standard in 12209?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 12209 that range is $1,413 to $1,727 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 12209?

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.