FY2027 Small Area FMR · Schenectady, NY
ZIP 12309 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 12309 (Schenectady, NY) is $1,920 a month, up 0.5% from FY2026. That is 12% above the Albany-Schenectady-Troy, NY area-wide FMR of $1,711.
Payment standard range, 2 bedrooms
Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.
FY2027 FY2026
Where 12309 sits in the Albany-Schenectady-Troy, NY area
Of the 153 ZIP codes HUD lists for the area, 12309 has the 21st 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 $1,920 for this ZIP code instead.
All unit sizes
| Unit | FY2027 SAFMR | Payment standard range | Area-wide FMR | FY2026 SAFMR |
|---|---|---|---|---|
| Studio | $1,390 | $1,251 – $1,529 | $1,238 | $1,370 |
| 1 bedroom | $1,600 | $1,440 – $1,760 | $1,425 | $1,590 |
| 2 bedrooms | $1,920 | $1,728 – $2,112 | $1,711 | $1,910 |
| 3 bedrooms | $2,290 | $2,061 – $2,519 | $2,039 | $2,290 |
| 4 bedrooms | $2,520 | $2,268 – $2,772 | $2,249 | $2,530 |
A household renting a two-bedroom home at the Small Area FMR of $1,920 needs about $76,800 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 12309 lies mainly in Schenectady County and Albany County. See the Albany-Schenectady-Troy, NY metro page for the full income limits table and the household check.
Nearby ZIP codes
Questions
What is the Fair Market Rent for ZIP code 12309?
HUD's FY2027 Small Area Fair Market Rents for 12309 are $1,390 (studio), $1,600 (1 BR), $1,920 (2 BR), $2,290 (3 BR) and $2,520 (4 BR) a month.
What is the Section 8 payment standard in 12309?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 12309 that range is $1,728 to $2,112 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 12309?
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.