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 ZIP code 12422 stands as a market in motion, reflecting a dynamic interplay between supply and demand. With a Fair Market Rent (FMR) of $1,370 for fiscal year 2026, the rental landscape suggests a steady, if not growing, demand for affordable housing options. The fact that the market rent is currently not available indicates a potential lack of recent data, which could be due to the market being relatively stable or perhaps less active compared to other areas. However, the absence of price-cut share and days on market (DOM) data does not provide a complete picture of the current supply-demand balance.
The median home value of $343,531 offers insight into the overall property values within the ZIP code. This figure can be indicative of the area's desirability and economic health, but without historical context, it is challenging to determine whether this represents an increase or decrease over time. The 13.4% renter share is a critical statistic, suggesting that a significant portion of the population opts for renting rather than owning. This trend implies long-term housing pressure, as a higher percentage of renters often correlates with challenges in homeownership, such as affordability issues or a preference for the flexibility that renting provides.
In ZIP 12422, the dynamics of the real estate market are influenced by the balance between renters and homeowners. Landlords and small-portfolio investors should take note of the FMR as a benchmark for setting rents, while the median home value can guide decisions on property acquisition or sale. The relatively low renter share might indicate a market where demand for homeownership remains strong, yet the presence of a notable rental segment signals a need for diverse housing solutions to meet the varied needs of residents.
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.