Location: Greene County, NY | Metro: Delaware County, NY
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 | $910 |
| 1 Bedroom | $1,010 |
| 2 Bedrooms | $1,240 |
| 3 Bedrooms | $1,640 |
| 4 Bedrooms | $1,870 |
| 5 Bedrooms | $2,169 |
| 6 Bedrooms | $2,429 |
| 7 Bedrooms | $2,623 |
| 8 Bedrooms | $2,754 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,240 | $288,032 | 0.43% | F |
| 3BR | $1,640 | $405,421 | 0.4% | F |
| 4BR | $1,870 | $449,630 | 0.42% | F |
U.S. Census Bureau data (2024)
The classification of ZIP code 12430, located in Fleischmanns, NY, hinges on a careful analysis of its yield and stability metrics. On the yield axis, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 stands at $1,130, while the market rent is slightly lower at $1,063. The median home value in this area is significantly higher at $355,922. These figures suggest a moderate yield potential, as rental rates are reasonable but not exceptionally high relative to the home values.
Moving to the stability axis, the data paints a picture of a less volatile market. Only 7.6% of residents are renters, indicating that the majority of the population owns their homes. This could imply a smaller demand for rental properties, which might affect the cash flow potential. However, the average household income is relatively stable at $68,250. While the days on market (DOM) figure is not available, the income stability suggests that tenants who do rent in this area have a solid financial foundation, potentially leading to fewer defaults and more consistent payments.
Based on these figures, ZIP 12430 leans towards being a steady-cashflow zone rather than a high-yield/low-stability market. The lower percentage of renters indicates a conservative market where the demand for rental properties is not as robust as in areas with higher percentages of renters. The moderate rental rates combined with the high median home value suggest that the market is not particularly geared towards high returns through flipping or short-term rentals. Instead, it supports a model where long-term investments can generate reliable, if not spectacular, cash flows.
To summarize, the key figures driving this assessment are the relatively modest rental rates compared to the high median home value, and the stable income levels despite the low proportion of renters. This makes the area suitable for those seeking a stable investment with predictable cash flows, rather than quick flips or high-risk, high-reward ventures.
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.