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 | $910 |
| 1 Bedroom | $1,040 |
| 2 Bedrooms | $1,280 |
| 3 Bedrooms | $1,680 |
| 4 Bedrooms | $2,000 |
| 5 Bedrooms | $2,320 |
| 6 Bedrooms | $2,598 |
| 7 Bedrooms | $2,806 |
| 8 Bedrooms | $2,946 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,680 | $522,275 | 0.32% | F |
| 4BR | $2,000 | $604,931 | 0.33% | F |
U.S. Census Bureau data (2024)
The ZIP code 12444 is not predominantly a renter-heavy area. With only 4.4% of the population being renters, it indicates that this region is largely dominated by homeowners. The median household income stands at $77,708, which is relatively high. However, there is no specific data provided on market rent for this ZIP code, making it difficult to determine exactly how much of the local income goes towards typical rent payments.
To provide context, let's consider the Fair Market Rent (FMR) figure of $1,370 for the metropolitan area as of fiscal year 2026. Assuming this FMR is representative of the market rent in ZIP 12444, we can calculate that the average rent would consume approximately 17.6% of the median household income. This percentage is calculated by dividing the FMR by the median household income and multiplying by 100: ($1,370 / $77,708) * 100 = 17.6%. It suggests that while rent is a significant portion of income, it is still manageable for most households given the median income level.
The scarcity of vouchers in this area means that landlords should not rely heavily on Section 8 tenants. Instead, they should expect a mix of tenants, including those who might qualify for vouchers but also many who pay rent directly out of their higher incomes. Landlords in ZIP 12444 should be prepared to cater to a diverse tenant base, focusing on maintaining competitive rental rates that align with the local market conditions and the financial capabilities of potential tenants.
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.