Location: Kiryas Joel-Poughkeepsie-Newburgh, NY | Metro: Kiryas Joel-Poughkeepsie-Newburgh, NY MSA
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,540 |
| 1 Bedroom | $1,720 |
| 2 Bedrooms | $2,210 |
| 3 Bedrooms | $2,780 |
| 4 Bedrooms | $2,920 |
| 5 Bedrooms | $3,387 |
| 6 Bedrooms | $3,793 |
| 7 Bedrooms | $4,096 |
| 8 Bedrooms | $4,301 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 4BR | $2,920 | $743,874 | 0.39% | F |
U.S. Census Bureau data (2024)
The analysis of ZIP code 10914, located in the Kiryas Joel-Poughkeepsie-Newburgh, NY MSA, reveals several critical points for potential real estate investments.
The rent math does not work favorably for landlords. The Fair Market Rent (FMR) for the area is set at $1820 per month for zip FY 2024. However, due to the lack of specific market rent data, it's challenging to determine if the FMR aligns with what tenants can afford or are willing to pay. This uncertainty makes it difficult to project profitability based on rental income alone.
Acquisition in this area is moderately affordable. The median home value stands at $630,959, which is a significant investment but not out of reach for many landlords or small-portfolio investors. Unfortunately, the data regarding the number of days on the market (DOM) and the percentage of homes that have had their prices cut is missing, making it hard to assess the current market conditions and competition levels for property acquisition.
Tenant demand is low. With a total population of 1,205, the area has a 0.0% renter share. This means that virtually all residents own their homes, indicating a very limited pool of potential renters. Such a scenario would likely result in difficulty finding tenants and sustaining occupancy rates.
Verdict: ZIP 10914 presents a challenging investment landscape for landlords and small-portfolio investors. The unclear rent math, combined with the moderate affordability of acquisitions and notably low tenant demand, suggests that this area may not be ideal for generating steady rental income. Landlords should carefully consider these factors before investing in this ZIP code.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). Demographics from U.S. Census (2024).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.