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 | $1,920 |
| 1 Bedroom | $2,110 |
| 2 Bedrooms | $2,760 |
| 3 Bedrooms | $3,350 |
| 4 Bedrooms | $3,630 |
| 5 Bedrooms | $4,211 |
| 6 Bedrooms | $4,716 |
| 7 Bedrooms | $5,093 |
| 8 Bedrooms | $5,348 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $2,760 | $436,261 | 0.63% | D |
| 3BR | $3,350 | $614,078 | 0.55% | F |
| 4BR | $3,630 | $766,072 | 0.47% | F |
U.S. Census Bureau data (2024)
The ZIP code 12461, located in Olivebridge, NY, stands out within Ulster County due to its unique demographic and economic characteristics. With a total population of 1,604 residents, only 13.8% are renters, indicating a primarily owner-occupied community. The median household income in this area is $112,273, which is relatively high compared to the national average. Additionally, the median home value is $529,065, reflecting the affluent nature of the ZIP code.
The disparity between the Fair Market Rent (FMR) and the actual market rent in Olivebridge is significant. For the fiscal year 2024, the FMR for ZIP 12461 is set at $1,550, while the Census American Community Survey (ACS) reports the market rent at $1,969. This difference suggests that landlords participating in the Section 8 program may see a reduction in rental income when compared to market rates. However, the stability of the local economy and the higher median income levels could provide a buffer against financial strain for those who rely on rental income.
Based on the available data, the ZIP code 12461 appears to be stable rather than transitional. The low percentage of renters and high median income indicate a community where homeownership is prevalent and residents have a strong financial foundation. This stability can be beneficial for landlords and small-portfolio investors, as it suggests a consistent demand for housing and a lower risk of vacancy. However, the decision to participate in the Section 8 program should be carefully weighed against the potential for reduced rental income.
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.