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 | $1,090 |
| 2 Bedrooms | $1,350 |
| 3 Bedrooms | $1,760 |
| 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: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,760 | $405,411 | 0.43% | F |
U.S. Census Bureau data (2024)
The real estate landscape in ZIP code 12450 presents a nuanced picture that is critical for landlords and small-portfolio investors to understand. With a median home value set at $368,140, the area reflects a stable housing market. However, the absence of data regarding the percentage of listings that have been reduced and the median days on market (DOM) suggests a lack of volatility in the recent past. This can imply that sellers have maintained their pricing power, likely due to a steady demand for homes in the region.
On the rental side, the Fair Market Rent (FMR) for ZIP 12450 is projected to be $1,370 for the fiscal year 2026. This figure is a key indicator for landlords, suggesting that rental prices will remain relatively consistent with current market trends. The FMR serves as a benchmark for rental costs, particularly for government-subsidized housing programs such as Section 8. Given the stability in both home values and rental prices, landlords and investors should expect steady cash flows without significant fluctuations in the immediate future.
For long-term hold investors, the appreciation thesis in ZIP 12450 appears realistic but modest. The consistency in median home values and rental rates indicates a mature market where growth is expected to be gradual rather than explosive. This setup supports the idea that properties in this ZIP code will appreciate at a rate reflective of inflation and possibly some additional local economic factors, but investors should not anticipate rapid capital gains.
In summary, the combination of a stable median home value and a predictable rental market in ZIP 12450 signals a secure investment environment. Landlords can rely on steady rental income, while investors holding property for the long term can expect modest appreciation aligned with broader economic conditions. The lack of recent reductions in listing prices and the unspecified median DOM further reinforce the notion that sellers currently maintain strong pricing power, which is a positive sign for those looking to enter or retain positions in this market.
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.