Location: Greene County, NY | Metro: Greene County, NY
| Unit Size | Monthly FMR |
|---|---|
| Studio | $960 |
| 1 Bedroom | $1,090 |
| 2 Bedrooms | $1,350 |
| 3 Bedrooms | $1,760 |
| 4 Bedrooms | $2,100 |
| 5 Bedrooms | $2,436 |
| 6 Bedrooms | $2,728 |
| 7 Bedrooms | $2,946 |
| 8 Bedrooms | $3,093 |
U.S. Census Bureau data (2024)
The dynamics of the ZIP code 12042 present a unique snapshot of the rental market. With a Fair Market Rent (FMR) of $1,240 for the fiscal year 2026, this figure represents the federal benchmark for determining payment standards for the Section 8 Housing Choice Voucher program. The absence of market rent data suggests that there might be limited private sector activity or that the rental market is heavily influenced by subsidized housing.
The median home value of $325,132 indicates a moderate to high-value residential area, which could imply a stable local economy supporting homeownership. However, the significant 58.9% renter share points towards a substantial portion of the population preferring or being compelled to rent rather than buy. This high percentage of renters can suggest ongoing long-term housing pressure, as it implies a consistent demand for rental properties over ownership.
In a market where the FMR is known but the market rent is not, it's reasonable to infer that the supply of affordable rental units might be constrained, leading to a situation where demand could be outpacing supply. This inference is supported by the high renter share, which typically correlates with areas experiencing housing affordability challenges.
The lack of data on price-cut share and days on market (DOM) makes it difficult to assess the immediate competitive landscape. However, the overall picture suggests that landlords and small-portfolio investors in ZIP 12042 should focus on maintaining properties that meet or exceed the FMR standard, as this is likely to align with tenant expectations and government requirements. Given the high renter share, there appears to be a steady need for rental properties, making this an attractive market for those willing to adhere to the guidelines set by the FMR.
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.