Location: Kiryas Joel-Poughkeepsie-Newburgh, NY | Metro: Kiryas Joel-Poughkeepsie-Newburgh, NY MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,510 |
| 1 Bedroom | $1,690 |
| 2 Bedrooms | $2,170 |
| 3 Bedrooms | $2,730 |
| 4 Bedrooms | $2,880 |
| 5 Bedrooms | $3,341 |
| 6 Bedrooms | $3,742 |
| 7 Bedrooms | $4,041 |
| 8 Bedrooms | $4,243 |
Kiryas Joel-Poughkeepsie-Newburgh County ZIP 10981 presents unique challenges and opportunities for landlords and small-portfolio investors due to limited data availability. The specific figures for residents, percentage renting, median income, and median home value are currently unavailable, making it difficult to paint a comprehensive picture of the area's economic landscape.
However, the Fair Market Rent (FMR) for ZIP 10981 is set at $1860 for fiscal year 2024, which serves as a crucial benchmark for Section 8 landlords. This figure represents the maximum rent that can be charged to tenants participating in the Housing Choice Voucher program. Without comparative market rent data, it's challenging to assess how competitive this rate is; however, landlords should ensure their rental properties meet the quality standards required by the program to attract and retain tenants.
The data signature for ZIP 10981 suggests a transitional environment. While the lack of detailed demographic and economic data prevents a thorough analysis, the presence of the Section 8 program indicates an ongoing effort to manage housing affordability. Landlords and investors must stay informed about local trends and adjust their strategies accordingly to navigate this transitional period effectively.
Data Sources: FMR data from HUD (2027).
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.