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 analysis of ZIP code 12176 reveals several key points that are crucial for landlords and small-portfolio investors.
First, regarding the rent math, the Fair Market Rent (FMR) for the Greene County, NY metro area in fiscal year 2026 is set at $1,170. However, without specific data on the market rent, it's challenging to make a direct comparison. The FMR provides a benchmark, but actual market conditions could influence whether this figure aligns with what tenants are willing to pay.
Second, the acquisition cost is relatively low, with a median home value of $340,739. This makes the area attractive for potential investments. Unfortunately, the data lacks specifics on the number of days on the market (DOM) and the percentage of homes that have required price cuts. These metrics would be essential for understanding how quickly homes sell and if there is any pressure to reduce asking prices, which could affect profitability.
Third, the tenant demand is modest. With a total population of 393, only 16.4% are renters. This indicates a limited pool of potential tenants, which might pose challenges in maintaining occupancy rates. Landlords will need to ensure they offer competitive rental terms to attract and retain tenants.
Verdict: ZIP code 12176 presents an opportunity for acquisition at a median home value of $340,739, but the limited tenant demand and lack of market rent data complicate the decision-making process. Investors should proceed cautiously, focusing on properties that can be rented close to the FMR of $1,170 and ensuring they have strategies to manage a smaller pool of potential tenants.
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.