Section 8 Fair Market Rent (FMR) for ZIP 12433 - 2027

Location: Kingston, NY | Metro: Kingston, NY MSA

Investment Score for ZIP 12433

N/A

Monthly Rent (2BR)

$2,370

Median Price (2BR)

$N/A

1% Rule

Annual Yield

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,650
1 Bedroom	$1,810
2 Bedrooms	$2,370
3 Bedrooms	$2,880
4 Bedrooms	$3,110
5 Bedrooms	$3,608
6 Bedrooms	$4,041
7 Bedrooms	$4,364
8 Bedrooms	$4,582

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
3BR	$2,880	$559,195	0.52%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

470

Median Household Income

$96,250

Housing Units

331

Renter Percentage

4.6%

Occupancy Rate

58.9%

Renter Occupied

The median income in ZIP code 12433 stands at $96,250. However, without the market rate figure, it's challenging to provide a direct comparison for affordability. What we do know is that the Fair Market Rent (FMR) set for voucher payments in this area for fiscal year 2024 is $1740.

Affordability: Given the limited data on market rates, we can infer that households earning the median income could likely afford higher rent rates than the FMR. This suggests that there might be a segment of the population capable of paying above the voucher rate.
Rental Demographics: Only 4.6% of the population are renters, indicating a relatively low demand for rental properties. With a total population of 470, this translates to approximately 22 renters in the area.

The low percentage of renters implies stiff competition among landlords for these few tenants. Landlords must carefully consider their pricing strategies to attract both voucher recipients and those who can pay more.

Takeaway for Landlords: In ZIP 12433, landlords should be prepared for a competitive market with a small pool of potential tenants. While accepting vouchers ensures a steady stream of income, the possibility exists to charge more than the FMR of $1740 if targeting the higher-income segment of the local population. Landlords must balance between voucher and cash-paying strategies based on the specific rental dynamics and demand in the area.

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.