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 | $2,010 |
| 1 Bedroom | $2,250 |
| 2 Bedrooms | $2,890 |
| 3 Bedrooms | $3,640 |
| 4 Bedrooms | $3,830 |
| 5 Bedrooms | $4,443 |
| 6 Bedrooms | $4,976 |
| 7 Bedrooms | $5,374 |
| 8 Bedrooms | $5,643 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $2,890 | $350,227 | 0.83% | C |
| 3BR | $3,640 | $462,242 | 0.79% | D |
| 4BR | $3,830 | $621,245 | 0.62% | D |
U.S. Census Bureau data (2024)
The ZIP code 10958, located in New Hampton, NY, presents a market in motion, characterized by specific dynamics that influence its real estate landscape. The Fair Market Rent (FMR) for ZIP 10958 stands at $2,030 for fiscal year 2024, while the Census ACS data indicates a market rent of $2,167. This suggests that the market rent slightly exceeds the FMR, indicating a potential scenario where demand is keeping pace with or possibly exceeding supply.
The median home value in ZIP 10958 is $473,046, which reflects the overall affordability and desirability of homeownership in the area. However, the absence of data on the percentage of price cuts and days on the market (DOM) makes it challenging to pinpoint whether there's an overabundance of supply or if demand is robust enough to sustain current prices without significant adjustments.
A noteworthy statistic is the 10.1% renter share in the area. This relatively low percentage of renters implies that the majority of residents prefer owning their homes rather than renting. In terms of long-term housing pressure, this could indicate a stable market where homeownership is favored, potentially reducing the immediate pressure on rental properties. However, it also means that any shifts towards higher renter populations could create significant demand for rental units, increasing pressure on landlords and small-portfolio investors.
The dynamics of ZIP 10958 suggest a balanced market with a slight edge towards demand, given the proximity of market rent to FMR. The high median home value and low renter share point towards a community that values homeownership, but it also highlights the importance of monitoring demographic changes that could affect the rental market. For landlords and small-portfolio investors, understanding these dynamics is crucial for making informed decisions about property investments and management strategies.
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.