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 | $1,900 |
| 1 Bedroom | $2,130 |
| 2 Bedrooms | $2,730 |
| 3 Bedrooms | $3,440 |
| 4 Bedrooms | $3,620 |
| 5 Bedrooms | $4,199 |
| 6 Bedrooms | $4,703 |
| 7 Bedrooms | $5,079 |
| 8 Bedrooms | $5,333 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $2,730 | $260,036 | 1.05% | B |
| 3BR | $3,440 | $453,327 | 0.76% | D |
| 4BR | $3,620 | $623,549 | 0.58% | F |
U.S. Census Bureau data (2024)
The ZIP code 10926 is situated in Harriman, NY, representing a neighborhood characterized by a relatively small population of 3,416 residents. In this area, 32.6% of the inhabitants are renters, indicating a modest but present rental market. The economic profile of ZIP 10926 is robust, with a median household income of $94,279, which places it above the national average. The median home value in this region stands at $360,361, reflecting a stable and potentially desirable residential market.
Turning to the specifics of rent economics, the Fair Market Rent (FMR) for ZIP 10926 for fiscal year 2024 is set at $2,330. This figure is notably higher than the reported market rent of $2,061, based on recent Census American Community Survey (ACS) data. This discrepancy suggests an opportunity for landlords who can position their properties at the FMR level, potentially attracting tenants willing to pay closer to the fair market rate.
Considering the investment strategy, ZIP 10926 is well-suited for both hands-off voucher operators and hands-on value-add buyers. For hands-off operators, the presence of Section 8 vouchers can provide a steady stream of rental income, supported by the government. Given the higher FMR compared to the current market rent, there's also room for hands-on investors to improve property values and rents through strategic upgrades and management practices. However, the success of such strategies hinges on understanding the local tenant demand and the nuances of the housing market in Harriman, NY.
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.