Location: Kingston, NY | Metro: Kingston, 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 | $1,180 |
| 1 Bedroom | $1,250 |
| 2 Bedrooms | $1,640 |
| 3 Bedrooms | $2,030 |
| 4 Bedrooms | $2,170 |
| 5 Bedrooms | $2,517 |
| 6 Bedrooms | $2,819 |
| 7 Bedrooms | $3,045 |
| 8 Bedrooms | $3,197 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,640 | $464,139 | 0.35% | F |
| 3BR | $2,030 | $548,922 | 0.37% | F |
| 4BR | $2,170 | $684,609 | 0.32% | F |
U.S. Census Bureau data (2024)
17.4% of residents in ZIP 12404, Accord, NY, are renters, indicating a modest demand for rental properties. However, the $1360 Fair Market Rent (FMR) for zip FY 2024 contrasts sharply with the $1,282 market rent reported by the Census Bureau's American Community Survey (ACS), suggesting a potential opportunity for landlords to adjust their pricing strategies to align with government guidelines. The median home value stands at $521,264, which is significantly higher than the median income of $77,214, implying that many homeowners likely have substantial equity or second incomes to sustain their mortgages. Despite the lack of specific data on days on market (DOM) and the percentage of homes that had their prices cut, the discrepancy between the FMR and market rent provides a clear indication of where rental prices could be adjusted. For landlords, setting rents closer to the FMR can attract tenants who qualify for Section 8 subsidies, thereby ensuring steady occupancy and cash flow. The median income figure also highlights the affordability challenges faced by local residents, making Section 8 vouchers an attractive option for those seeking housing assistance. Given the outlined conditions, the verdict for Section 8 participation in Accord, NY, is positive, with potential for stable tenant retention and alignment with federal rent standards.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.