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 | $1,810 |
| 1 Bedroom | $2,020 |
| 2 Bedrooms | $2,600 |
| 3 Bedrooms | $3,280 |
| 4 Bedrooms | $3,450 |
| 5 Bedrooms | $4,002 |
| 6 Bedrooms | $4,482 |
| 7 Bedrooms | $4,841 |
| 8 Bedrooms | $5,083 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $2,600 | $345,291 | 0.75% | D |
| 3BR | $3,280 | $483,856 | 0.68% | D |
| 4BR | $3,450 | $657,321 | 0.52% | F |
| 5BR | $4,002 | $762,927 | 0.52% | F |
U.S. Census Bureau data (2024)
The economics of Section 8 in ZIP code 10930, which covers Highland Mills, NY in Orange County, can be straightforward if you understand the key components. The SAFMR (Small Area Fair Market Rent) for a two-bedroom apartment in this specific ZIP code for FY 2024 is set at $2250. This figure represents the maximum amount that the government will reimburse landlords under the Section 8 Housing Choice Voucher program.
Local market rents, as indicated by ZORI (Zillow Observed Rent Index), stand at $3,125 for a similar two-bedroom unit. This means landlords could potentially receive higher rents from market-rate tenants. However, the Section 8 program offers a guaranteed source of income and a streamlined process for finding and keeping reliable tenants.
A landlord participating in Section 8 should know that the voucher does not cover the entire rent. Tenants are required to contribute a portion of their income towards the rent, typically around 30%. In ZIP 10930, the tenant's portion would be calculated based on their income but capped at 30% of the total rent. For instance, if a tenant has an income that translates to a 30% contribution of $675, then the government would pay the remainder up to the SAFMR limit of $2250. Therefore, the landlord would receive a total of $2925 ($675 + $2250).
In addition to the base rent, there are utility allowances that can vary. These allowances are designed to help cover the cost of utilities such as electricity, gas, water, and garbage disposal. The exact amount can depend on the specific circumstances of the property and the tenant's needs, but it's important to note that these allowances do not increase the total rent beyond the SAFMR limit. They are separate payments made directly to the tenant.
The typical reimbursement gap for a two-bedroom unit in ZIP 10930, given the SAFMR of $2250 and the local market rent of $3125, results in a shortfall of approximately $875 per month. This gap reflects the difference between the market rent and the maximum reimbursement rate under Section 8. Landlords must decide whether the stability and reliability of Section 8 tenants outweigh the lower rental income compared to market rates.
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.