Location: Kingston, NY | Metro: Kingston, NY MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,580 |
| 1 Bedroom | $1,740 |
| 2 Bedrooms | $2,270 |
| 3 Bedrooms | $2,760 |
| 4 Bedrooms | $2,980 |
| 5 Bedrooms | $3,457 |
| 6 Bedrooms | $3,872 |
| 7 Bedrooms | $4,182 |
| 8 Bedrooms | $4,391 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) set by HUD for ZIP 12449 is $1800 for FY 2024. This is notably higher than the market rent reported by the U.S. Census Bureau's American Community Survey (ACS), which stands at $1,733. Therefore, voucher tenants in this area will cashflow at FMR levels, providing a stable and predictable income stream for landlords.
The median home value in ZIP 12449 is $353,949. Given the market rent of $1,733, the rent-to-price ratio is approximately 0.5%, indicating that the rental market is relatively strong compared to the home values. This suggests that there is a healthy balance between owning and renting properties in the area, which can be beneficial for both types of investments.
Regarding the days on market (DOM) and the percentage of price cuts, the data is currently not available for ZIP 12449. However, the lack of such information does not significantly impact the overall analysis since the primary focus for Section 8 investors is on the rental income rather than the buying dynamics.
The strongest investor angle in ZIP 12449 is cashflow. With voucher tenants paying above the market rent, landlords can expect steady and reliable income without the need for premium units. This makes the area particularly attractive for those seeking a hands-off investment strategy with minimal vacancy risks.
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.