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)
The ZIP code 12454 is part of a suburban neighborhood characterized by a relatively small population of 266 residents. Only 11.1% of these residents are renters, indicating a predominantly owner-occupied area. The median household income in this ZIP code stands at $88,750, which places it above the national average, suggesting a middle to upper-middle class community. The median home value is notably high at $490,442, reflecting the area's desirability and potentially higher living costs.
From an investment perspective, the Fair Market Rent (FMR) for the metro area as of fiscal year 2026 is set at $1,370. However, the lack of available market rent data makes it challenging to directly compare the two figures. Given the limited rental market presence, landlords and small-portfolio investors must consider the potential demand for rental units in this ZIP code. The high median home value suggests that rental properties could command premium rates, but the actual market dynamics would need further investigation to confirm this hypothesis.
Considering the characteristics of ZIP 12454, it might be more suitable for a hands-on value-add buyer rather than a hands-off voucher operator. The low percentage of renters indicates a niche market, where landlords can benefit from understanding and catering to the specific needs of tenants in a high-value area. A hands-on approach would allow investors to maximize their returns by improving property values through strategic renovations and management practices tailored to the affluent demographic. On the other hand, the absence of robust rental data complicates the operation of a hands-off strategy relying solely on vouchers, as it may not align well with the unique economic profile of this ZIP code.
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.