Location: Kiryas Joel-Poughkeepsie-Newburgh, NY | Metro: Kiryas Joel-Poughkeepsie-Newburgh, NY MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,510 |
| 1 Bedroom | $1,690 |
| 2 Bedrooms | $2,170 |
| 3 Bedrooms | $2,730 |
| 4 Bedrooms | $2,880 |
| 5 Bedrooms | $3,341 |
| 6 Bedrooms | $3,742 |
| 7 Bedrooms | $4,041 |
| 8 Bedrooms | $4,243 |
The ZIP code 10915 is located in Bullville, New York. This rural neighborhood is characterized by its low percentage of renters, indicating a predominantly owner-occupied community. Specific demographic data such as population size, median income, and median home value are not readily available, which suggests limited urban amenities and services.
Despite the lack of detailed demographic figures, the economic landscape for rental properties can be analyzed through the Fair Market Rent (FMR) provided by the government. For fiscal year 2024, the FMR for ZIP 10915 is set at $1920. This figure represents the maximum amount a Section 8 tenant can pay towards their rent under the program, assuming the landlord accepts the voucher. However, without a specific comparison to the market rent, it's challenging to determine the exact premium or discount a landlord might face.
Given the characteristics of ZIP 10915, it appears more suited for a hands-off voucher operator rather than a hands-on value-add buyer. The low percentage of renters and the absence of significant urban development suggest that there is less demand for rental properties that require active management or renovation. Landlords who accept Section 8 vouchers in this area can benefit from stable tenancy and government-backed rent payments, though they should be prepared for the possibility of lower-than-market rents.
Data Sources: FMR data from HUD (2027).
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.