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 | $1,420 |
| 1 Bedroom | $1,590 |
| 2 Bedrooms | $2,040 |
| 3 Bedrooms | $2,570 |
| 4 Bedrooms | $2,700 |
| 5 Bedrooms | $3,132 |
| 6 Bedrooms | $3,508 |
| 7 Bedrooms | $3,789 |
| 8 Bedrooms | $3,978 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $2,040 | $321,019 | 0.64% | D |
| 3BR | $2,570 | $519,865 | 0.49% | F |
| 4BR | $2,700 | $606,323 | 0.45% | F |
| 5BR | $3,132 | $658,079 | 0.48% | F |
U.S. Census Bureau data (2024)
The ZIP code 10992, encompassing Washingtonville, NY, presents a market in motion, characterized by a delicate balance between supply and demand. The Fair Market Rent (FMR) for the area stands at $1590 for the fiscal year 2024, indicating the government's benchmark for rental affordability. In contrast, the actual market rent, as per Census ACS data, is slightly lower at $1,396, suggesting that while rents are rising, they remain below the FMR threshold, potentially due to competitive pressures.
A 0.1% price-cut share implies that very few properties are being discounted, which could be interpreted as a sign of strong seller's market conditions. However, the lack of data on days on the market (DOM) means we cannot conclusively determine whether homes are selling quickly or if this figure is simply not available. The median home value of $518,160 provides insight into the overall real estate valuation but does not directly indicate the direction of the market's movement.
The 17.0% renter share points towards a predominantly owner-occupied community. This low percentage of renters can signal long-term stability in housing demand, as owner-occupiers tend to stay longer in their homes compared to renters. It also suggests that there might be less immediate pressure on rental properties, allowing landlords to maintain steady occupancy rates without significant concessions. However, it's important to note that a higher proportion of owner-occupiers can also mean that rental units are at a premium when they become available, creating opportunities for landlords who can provide quality rentals at competitive prices.
In summary, Washingtonville, NY, is a market where demand appears to be closely aligned with supply, with rents slightly below the FMR benchmark and minimal price cuts on homes. The predominance of owner-occupiers indicates a stable housing environment, though the exact dynamics between supply and demand require further analysis beyond the provided snapshot. Landlords and small-portfolio investors should focus on maintaining competitive rental offerings and consider the long-term value appreciation of the area.
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.