Location: Greene County, NY | Metro: Greene 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 | $960 |
| 1 Bedroom | $1,100 |
| 2 Bedrooms | $1,350 |
| 3 Bedrooms | $1,770 |
| 4 Bedrooms | $2,100 |
| 5 Bedrooms | $2,436 |
| 6 Bedrooms | $2,728 |
| 7 Bedrooms | $2,946 |
| 8 Bedrooms | $3,093 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,770 | $374,600 | 0.47% | F |
U.S. Census Bureau data (2024)
The ZIP code 12436 is situated in a serene suburban neighborhood characterized by its low population density and high median income levels. With only 607 residents, it stands out as a quiet community where less than one-tenth of the population—specifically, 7.6%—are renters. This indicates a predominantly owner-occupied area, suggesting that the local housing market is stable and likely appreciates over time due to the strong economic foundation of its inhabitants.
The median household income in ZIP 12436 is robust at $108,056, which positions residents well above the national average. Coupled with a median home value of $335,537, this ZIP code reflects a prosperous environment where property values are expected to remain high or increase, driven by the financial stability of its residents.
Turning to the rental economics, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,360. However, specific market rent data for ZIP 12436 is currently unavailable, making it challenging to directly compare FMR against actual market rates. Given the scarcity of rental units and the high median income, it's reasonable to infer that market rents would be close to or even exceed the FMR, reflecting the general economic health and desirability of the area.
Considering these factors, ZIP 12436 is more suited for a hands-off voucher operator rather than a hands-on value-add buyer. The low percentage of renters and the high median income suggest that there is limited room for significant rent increases or value-added improvements without potentially pricing out the local tenant base. Therefore, an investor focusing on steady cash flows and minimal management intervention would find this ZIP code favorable, given the likelihood of tenants qualifying for Section 8 vouchers based on the established FMR.
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.