Section 8 Fair Market Rent (FMR) for ZIP 12435 - 2027

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

Investment Score for ZIP 12435

N/A

Monthly Rent (2BR)

$1,640

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	$1,180
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

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	$2,030	$360,247	0.56%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

209

Median Household Income

$112,813

Housing Units

247

Renter Percentage

N/A

Occupancy Rate

34.0%

Renter Occupied

To determine if a landlord should invest in ZIP code 12435 for Section 8 properties, follow these steps:

Step 1: Can the Fair Market Rent (FMR) cover the debt service?

If the FMR of $1570 can cover the debt service on a property valued at $376,581, proceed to Step 2. Otherwise, do not invest.

Step 2: How does the market rent compare to the FMR?

If the market rent is N/A, it means there's no specific data available to make a comparison. In this case, consider the local rental market conditions and trends.

Step 3: Is there sufficient demand for Section 8 tenants?

If the percentage of renters is 0.0%, this indicates an extremely low demand for rental properties in this area. Additionally, with N/A-day days on market (DOM), it suggests there is no recent activity to gauge demand accurately.

Decision Outcome:

No: The lack of demand for rental properties and the absence of market rent data make ZIP 12435 a risky investment for Section 8 properties. The FMR of $1570 might not be sufficient to cover the debt service on a property valued at $376,581. Moreover, the 0.0% renters indicate that there is little to no interest from potential tenants in the area.

Investing in ZIP 12435 for Section 8 properties would likely result in financial losses due to the inability to cover costs and the lack of tenant demand. Landlords should seek areas with higher rental activity and clearer market rent data to ensure a better return on their investment.

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.