FY2027 Small Area FMR · Lake George, NY

ZIP 12845 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 12845 (Lake George, NY) is $1,310 a month, down 3.7% from FY2026. That is 3% below the Glens Falls, NY area-wide FMR of $1,347.

2-bedroom SAFMR$1,310per month ▼ 3.7%

Area-wide 2 BR FMR$1,347Glens Falls, NY

Rank in the area23rdof 53 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,179

2 BR Small Area FMR$1,310

110% of SAFMR$1,441

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

Studio$1,040▼ 1.0%

1 BR$1,040▼ 3.7%

2 BR$1,310▼ 3.7%

3 BR$1,700▼ 3.4%

4 BR$1,720▼ 4.4%

FY2027 FY2026

Where 12845 sits in the Glens Falls, NY area

Of the 53 ZIP codes HUD lists for the area, 12845 has the 23rd highest two-bedroom Small Area FMR. Glens Falls, 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 $1,347 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,310 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	$1,040	$936 – $1,144	$1,066	$1,050
1 bedroom	$1,040	$936 – $1,144	$1,073	$1,080
2 bedrooms	$1,310	$1,179 – $1,441	$1,347	$1,360
3 bedrooms	$1,700	$1,530 – $1,870	$1,745	$1,760
4 bedrooms	$1,720	$1,548 – $1,892	$1,770	$1,800

A household renting a two-bedroom home at the Small Area FMR of $1,310 needs about $52,400 a year to keep housing costs at 30% of income. The area median family income is $94,100 and the 80% low-income limit for four people is $76,000. ZIP code 12845 lies mainly in Warren County. See the Glens Falls, NY metro page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
12820	Cleverdale	4.9 mi	$1,440
12804	Queensbury	5.9 mi	$1,560
12844	Kattskill Bay	6.4 mi	$1,320
12846	Lake Luzerne	6.6 mi	$1,220
12824	Diamond Point	7.0 mi	$1,260
12885	Warrensburg	8.4 mi	$1,260

Questions

What is the Fair Market Rent for ZIP code 12845?

HUD's FY2027 Small Area Fair Market Rents for 12845 are $1,040 (studio), $1,040 (1 BR), $1,310 (2 BR), $1,700 (3 BR) and $1,720 (4 BR) a month.

What is the Section 8 payment standard in 12845?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 12845 that range is $1,179 to $1,441 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 12845?

The FY2026 income limits of the Glens Falls, NY area apply: median family income $94,100, low-income (80%) limit $76,000 for a family of four.