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 | $1,430 |
| 1 Bedroom | $1,570 |
| 2 Bedrooms | $2,050 |
| 3 Bedrooms | $2,490 |
| 4 Bedrooms | $2,690 |
| 5 Bedrooms | $3,120 |
| 6 Bedrooms | $3,494 |
| 7 Bedrooms | $3,774 |
| 8 Bedrooms | $3,963 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $2,050 | $483,722 | 0.42% | F |
| 3BR | $2,490 | $684,441 | 0.36% | F |
U.S. Census Bureau data (2024)
The market in ZIP code 12457, Mount Tremper, NY, is currently characterized by a rental environment that suggests demand is outpacing supply. This inference is drawn from the comparison between the Fair Market Rent (FMR) set at $1,400 for the fiscal year 2024 and the reported market rent of $1,631 according to the Census ACS data. The fact that the market rent exceeds the FMR indicates that landlords can charge more than the government-set benchmark, implying strong tenant interest and limited availability of rental units.
The median home value in the area stands at $592,322. While there is no specific data on the percentage of price cuts or days on market (DOM) for listings, the higher market rent compared to the FMR suggests that homeownership might be less accessible due to the relatively high cost of homes, which could further contribute to the demand for rentals.
A significant 21.9% of the population are renters, a figure that points to persistent long-term housing pressure. In areas where a substantial portion of residents are renters, it often signals a trend toward continued rental demand. This dynamic can be attributed to various factors, including affordability constraints, lifestyle preferences, and economic conditions that make owning a home challenging for many individuals.
The interplay between these elements—rental pricing, homeowner costs, and the renter share—creates a market where landlords and small-portfolio investors can find opportunities. However, the landscape also requires vigilance to navigate the balance between rental demand and the potential for shifts in the housing market dynamics.
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.