Location: Kingston, NY | Metro: Kingston, NY MSA
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 | $1,180 |
| 1 Bedroom | $1,270 |
| 2 Bedrooms | $1,660 |
| 3 Bedrooms | $2,030 |
| 4 Bedrooms | $2,180 |
| 5 Bedrooms | $2,529 |
| 6 Bedrooms | $2,832 |
| 7 Bedrooms | $3,059 |
| 8 Bedrooms | $3,212 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $1,270 | $265,388 | 0.48% | F |
| 2BR | $1,660 | $333,993 | 0.5% | F |
| 3BR | $2,030 | $441,422 | 0.46% | F |
| 4BR | $2,180 | $560,338 | 0.39% | F |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 12446, which includes Kerhonkson, NY, is set at $1350 for fiscal year 2024. This figure represents the payment standard used by the U.S. Department of Housing and Urban Development (HUD) for the Section 8 housing voucher program. It's important to note that this is not the amount you will charge your tenants for rent; it is the maximum amount that HUD will pay on behalf of eligible tenants.
To put this into context, the average rent for properties in Kerhonkson, NY, according to the latest Census American Community Survey (ACS), is $1,303. This suggests that the FMR is slightly above the average market rate, which could be beneficial for landlords participating in the Section 8 program. The higher FMR can help cover costs such as property maintenance and utilities, ensuring a steady income stream.
The renter share in Kerhonkson is 23.2%, indicating that nearly a quarter of the population rents their homes. This percentage reflects a moderate demand for rental properties, but it also implies that there are enough potential tenants who might benefit from the Section 8 program. With an average home price of $395,787, acquiring a rental property in this area would be a significant investment. However, the Section 8 program can provide financial stability and reduce vacancy risks, making it a viable option for new landlords.
Before committing to a Section 8 rental property, verify that your property meets all the required standards set by HUD. These include basic safety and habitability criteria, ensuring that your investment will not only meet the financial expectations but also provide a suitable living environment for 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.