Housing market/New York/ZIP 12207
ZIP 12207 Albany, New York
Albany-Schenectady-Troy, NY MSA · New York. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.
ZIP brief
Email this profile
HUD schedule, ACS stock, and the 90–110% band for ZIP 12207 · NY — sent to you.
ZIP 12207 · NY
ACS rent vs 2BR SAFMR
ZIP 12207 — Albany, NY HUD Section 8 Payment Standards / SAFMR →ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.
Housing stock
ACS 2023 units-in-structure · ZCTA 12207
- 1-unit detached90.6%
- 1-unit attached130.8%
- 2–4 units19912.8%
- 5–49 units51933.4%
- 50+ units81352.4%
2–4 unit share 12.8% · 5–49 unit share 33.4% · combined 2–49 46.2%.
Units by bedrooms
Rent burden
- ACS median gross rent $689 (all bedrooms, occupied rentals).
- Median contract rent $678.
- Renters paying ≥30% of income 42.3%; ≥50% 12.7%.
- FY2027 2BR SAFMR $1,970 (2.859× ACS median gross rent).
Population
2,097 residents · ACS 2023
Change versus the 2018 ACS 5-year estimate: +24.2%.
ACS 5-year estimates lag current construction. This is not a forecast.
Assisted inventory
- LIHTC: 3 projects, 604 units.
- HUD project-based assisted MF: 2 properties, 195 assisted units.
- HCV household counts (Picture of Subsidized Households) are not on this page yet.
New apartment permits
About 477 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.
Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.
What the data shows
ZIP 12207 98.7% of occupied households are renters; vacancy is 17.1%; ACS median gross rent is $689; population increased +24.2% between the 2018 and 2023 ACS vintages; the housing stock includes 199 units in 2–4-unit structures and 519 units in 5–49-unit structures; 3 LIHTC projects totaling 604 units; FY2027 2BR SAFMR is $1,970 versus ACS median gross rent of $689. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.
New York research
ZIP 12207 is a Census / HUD profile for Albany-Schenectady-Troy, NY. Not a listing page. Brokerage is Georgia; out-of-state work is referral.
ZIP 12207 — Albany, NY HUD Section 8 Payment Standards / SAFMR·New York ZIP directory
Nearby ZIPs in this FMR area
Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is New York research. Brokerage is Georgia.
FAQ
What is the housing market like in ZIP 12207?
ZIP 12207 (Albany-Schenectady-Troy, NY MSA) has 2,097 residents, 1,288 households, a renter share of 98.7%, median household income of $32,418, and ACS 2023 median gross rent of $689. Vacancy is 17.1%. These are ZCTA estimates, not a property rent roll.
How much small multifamily housing is in 12207?
ACS counts 47 units in 2-unit buildings, 152 in 3–4 unit buildings, 138 in 5–9, 96 in 10–19, and 285 in 20–49. Combined 2–49 unit stock is 718 units. This is occupied-and-vacant stock, not listings for sale.
What is the Section 8 rent in 12207?
The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,970. See the full schedule and 90–110% payment-standard band on the ZIP 12207 — Albany, NY HUD Section 8 Payment Standards / SAFMR.
Does this New York ZIP profile include Georgia listings?
No. ZIP 12207 is Census / HUD research for Albany-Schenectady-Troy, NY MSA. Jeff Crowe CRE does not list New York property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.