Location: Greene County, NY | Metro: Greene County, NY
| 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 |
U.S. Census Bureau data (2024)
ZIP code 12452 is located in Lexington, New York, and represents a residential neighborhood with a slightly below-average population density and land area compared to other ZIP codes in the United States. The total population of the area is 33, indicating a small community setting. Renters make up 17.6% of the residents, suggesting that the majority of the population prefers homeownership. However, the median income and median home value are not available, which limits a full economic analysis.
Moving into the realm of rent economics, the Fair Market Rent (FMR) for ZIP code 12452 is set at $1,370 for fiscal year 2026. This figure is crucial for Section 8 investors as it dictates the maximum rental subsidy for low-income families. Unfortunately, the market rent data is not available, making it difficult to compare the FMR against local rental rates and assess the profitability of Section 8 properties relative to market conditions.
Given the limited availability of specific market rent data, ZIP code 12452 appears to be more suited for hands-off voucher operators who can rely on the FMR for their investment strategy. These operators would benefit from the stable income stream provided by Section 8 subsidies without needing to closely monitor local market fluctuations. On the other hand, hands-on value-add buyers looking to renovate and increase rents above the FMR would face challenges due to the lack of comprehensive market data. They would need to conduct thorough local research to understand the potential for increasing rental income beyond the subsidized rates.
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.