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 | $1,410 |
| 1 Bedroom | $1,570 |
| 2 Bedrooms | $2,020 |
| 3 Bedrooms | $2,550 |
| 4 Bedrooms | $2,680 |
| 5 Bedrooms | $3,109 |
| 6 Bedrooms | $3,482 |
| 7 Bedrooms | $3,761 |
| 8 Bedrooms | $3,949 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $1,570 | $291,672 | 0.54% | F |
| 2BR | $2,020 | $358,860 | 0.56% | F |
| 3BR | $2,550 | $471,054 | 0.54% | F |
| 4BR | $2,680 | $569,159 | 0.47% | F |
U.S. Census Bureau data (2024)
The market analysis for Section 8 investors targeting ZIP code 10925 in Greenwood Lake, NY, reveals a competitive rental environment. The HUD Fair Market Rent (FMR) for FY 2024 is set at $1660, while the market rent, as measured by Zillow's ZORI, stands at $1875. This indicates that landlords will need to accept marginal cash flow on standard units, as the difference between the HUD FMR and market rent is approximately $215 per month. However, premium units may still achieve positive cash flow depending on their size and condition.
To further understand the investment potential, consider the median home value of $405,635. Using this figure, we can derive a rent-to-price ratio, which is an important metric for assessing the attractiveness of the area for rental investments. The ratio is calculated as follows: ($1875 * 12) / $405,635 = 0.055 or 5.5%. This suggests that the rental income represents about 5.5% of the median home value annually, indicating a moderate yield for property owners.
In terms of the broader housing market, the median Days on Market (DOM) is not applicable for this analysis, and there is a negligible 0.2% share of homes experiencing price cuts. These factors suggest that the local housing market is stable, with minimal pressure on property values. For Section 8 investors, this stability is crucial as it ensures that the value of their investment properties remains consistent over time.
The strongest investor angle in ZIP 10925 is stability. Given the limited volatility in the local housing market and the steady demand for rental properties, investors can expect reliable returns without significant risk to their capital. While cash flow might be marginal, the long-term stability of the area provides a solid foundation for those seeking a secure investment.
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.