Location: Delaware County, NY | Metro: Kingston, NY MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,310 |
| 1 Bedroom | $1,440 |
| 2 Bedrooms | $1,880 |
| 3 Bedrooms | $2,280 |
| 4 Bedrooms | $2,470 |
| 5 Bedrooms | $2,865 |
| 6 Bedrooms | $3,209 |
| 7 Bedrooms | $3,466 |
| 8 Bedrooms | $3,639 |
U.S. Census Bureau data (2024)
78.1% of residents in ZIP 12441 are renters, indicating a strong demand for rental properties. $1700 is the Fair Market Rent (FMR) for the area as of fiscal year 2024, which sets a benchmark for rental pricing. $55,893 is the median income for the same ZIP code, suggesting that many residents qualify for housing assistance programs. Despite the high renter share, the data does not provide specific figures for market rent or median home values, making it challenging to compare actual rents to the FMR. The lack of detailed information on days on market (DOM) and the percentage of homes that have had their prices cut implies that the real estate market in ZIP 12441 is relatively stable, without significant fluctuations in property pricing. Given the high proportion of renters and the established FMR, landlords and small-portfolio investors can expect steady occupancy rates. However, the median income figure should be considered when setting rents to ensure affordability and compliance with HUD guidelines. In conclusion, the data supports the viability of Section 8 properties in ZIP 12441, with a strong tenant pool and stable market conditions.
Section 8 Verdict: Suitable for investment.
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.