Location: Kiryas Joel-Poughkeepsie-Newburgh, NY | Metro: Kiryas Joel-Poughkeepsie-Newburgh, NY MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,680 |
| 1 Bedroom | $1,870 |
| 2 Bedrooms | $2,410 |
| 3 Bedrooms | $3,040 |
| 4 Bedrooms | $3,190 |
| 5 Bedrooms | $3,700 |
| 6 Bedrooms | $4,144 |
| 7 Bedrooms | $4,476 |
| 8 Bedrooms | $4,700 |
U.S. Census Bureau data (2024)
The ZIP code 10933 is located in the Hudson Valley region of New York State, specifically encompassing parts of the village of Haverstraw and surrounding areas. This neighborhood is predominantly a suburban setting, characterized by its rural charm and proximity to natural landscapes such as the Hudson River. With a population of just 117 residents, it is clear that this area is sparsely populated. Notably, there are no reported renters in this ZIP code, indicating that it is almost entirely owner-occupied. The lack of data on median income and median home value suggests that this community might be composed of a diverse range of economic backgrounds, but specific financial details are not available.
Moving into the realm of rental economics, the Fair Market Rent (FMR) for ZIP 10933 in fiscal year 2024 is set at $1870. This figure represents the benchmark used by the U.S. Department of Housing and Urban Development (HUD) for determining the maximum allowable rent for Section 8 housing vouchers. However, due to the absence of reported market rents, it's challenging to compare the FMR against local rates. In such cases, the FMR can serve as a guideline for landlords who wish to participate in the Section 8 program, ensuring they receive a reasonable amount for their properties.
Given the characteristics of ZIP 10933, it is well-suited for a hands-off voucher operator rather than a hands-on value-add buyer. The low population density and the absence of rental properties indicate a limited demand for rental housing. Therefore, an investor looking to manage properties with minimal involvement and leverage the stability of government-backed payments would find this ZIP code advantageous. The steady flow of Section 8 payments at the established FMR of $1870 ensures a reliable income stream without the complexities often associated with high-demand rental markets. For those interested in actively managing and enhancing property values, ZIP 10933 offers fewer opportunities for significant returns through value-added strategies.
Data Sources: FMR data from HUD (2027). 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.