Housing market/New York/ZIP 12198
ZIP 12198 Wynantskill, 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
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HUD schedule, ACS stock, and the 90–110% band for ZIP 12198 · NY — sent to you.
ZIP 12198 · NY
ACS rent vs 2BR SAFMR
ZIP 12198 — Wynantskill, 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 12198
- 1-unit detached2,38377.6%
- 1-unit attached642.1%
- 2–4 units33610.9%
- 5–49 units2116.9%
- 50+ units280.9%
- Mobile471.5%
2–4 unit share 10.9% · 5–49 unit share 6.9% · combined 2–49 17.8%.
Units by bedrooms
Rent burden
- ACS median gross rent $1,184 (all bedrooms, occupied rentals).
- Median contract rent $1,045.
- Renters paying ≥30% of income 38.8%; ≥50% 13.2%.
- FY2027 2BR SAFMR $1,610 (1.360× ACS median gross rent).
Population
7,337 residents · ACS 2023
Change versus the 2018 ACS 5-year estimate: -5.6%.
ACS 5-year estimates lag current construction. This is not a forecast.
Assisted inventory
- LIHTC: not published for this ZIP.
- HUD project-based assisted MF: 1 properties, 49 assisted units.
- HCV household counts (Picture of Subsidized Households) are not on this page yet.
New apartment permits
About 159 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 12198 24.8% of occupied households are renters; vacancy is 4.4%; ACS median gross rent is $1,184; population changed -5.6% between the 2018 and 2023 ACS vintages; the housing stock includes 336 units in 2–4-unit structures and 211 units in 5–49-unit structures; FY2027 2BR SAFMR is $1,610 versus ACS median gross rent of $1,184. 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 12198 is a Census / HUD profile for Albany-Schenectady-Troy, NY. Not a listing page. Brokerage is Georgia; out-of-state work is referral.
ZIP 12198 — Wynantskill, 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 12198?
ZIP 12198 (Albany-Schenectady-Troy, NY MSA) has 7,337 residents, 2,933 households, a renter share of 24.8%, median household income of $113,042, and ACS 2023 median gross rent of $1,184. Vacancy is 4.4%. These are ZCTA estimates, not a property rent roll.
How much small multifamily housing is in 12198?
ACS counts 126 units in 2-unit buildings, 210 in 3–4 unit buildings, 156 in 5–9, 39 in 10–19, and 16 in 20–49. Combined 2–49 unit stock is 547 units. This is occupied-and-vacant stock, not listings for sale.
What is the Section 8 rent in 12198?
The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,610. See the full schedule and 90–110% payment-standard band on the ZIP 12198 — Wynantskill, NY HUD Section 8 Payment Standards / SAFMR.
Does this New York ZIP profile include Georgia listings?
No. ZIP 12198 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.