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 | $1,690 |
| 1 Bedroom | $1,890 |
| 2 Bedrooms | $2,430 |
| 3 Bedrooms | $3,060 |
| 4 Bedrooms | $3,220 |
| 5 Bedrooms | $3,735 |
| 6 Bedrooms | $4,183 |
| 7 Bedrooms | $4,518 |
| 8 Bedrooms | $4,744 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $2,430 | $356,225 | 0.68% | D |
| 3BR | $3,060 | $464,570 | 0.66% | D |
| 4BR | $3,220 | $629,471 | 0.51% | F |
U.S. Census Bureau data (2024)
2280 is the Fair Market Rent (FMR) set for ZIP 10921 in Florida, NY, for fiscal year 2024. This figure represents the maximum amount that a landlord can charge for a Section 8 rental unit in this area. In comparison, the actual market rent, as reported by the Census Bureau's American Community Survey, stands at $1,861, indicating a potential premium for Section 8 tenants. The median home value in the region is $461,201, suggesting a relatively stable housing market. However, only 17.9% of residents are renters, which might limit the pool of potential Section 8 participants. The median income in ZIP 10921 is $115,221, a significant indicator for understanding the financial capabilities of the local population. Despite the lack of specific data on days on market (DOM) and the percentage of homes that have had their prices cut, the available figures paint a picture of a mixed opportunity for landlords interested in Section 8 participation. The higher FMR compared to the market rent provides a financial incentive, but the lower renter share may present challenges in finding eligible tenants. Given the robust median income and home values, it's likely that landlords would need to actively market their properties to attract Section 8 participants. Overall, for landlords willing to navigate the nuances of Section 8 requirements, ZIP 10921 offers a reasonable investment opportunity.
Section 8 Verdict: Suitable for landlords with a strategic approach to tenant acquisition.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.