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 | $1,620 |
| 1 Bedroom | $1,780 |
| 2 Bedrooms | $2,330 |
| 3 Bedrooms | $2,830 |
| 4 Bedrooms | $3,060 |
| 5 Bedrooms | $3,550 |
| 6 Bedrooms | $3,976 |
| 7 Bedrooms | $4,294 |
| 8 Bedrooms | $4,509 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $1,780 | $394,769 | 0.45% | F |
| 2BR | $2,330 | $359,521 | 0.65% | D |
| 3BR | $2,830 | $385,266 | 0.73% | D |
| 4BR | $3,060 | $464,759 | 0.66% | D |
U.S. Census Bureau data (2024)
The real estate landscape in ZIP 12466, Port Ewen, NY, reveals a nuanced scenario for both landlords and small-portfolio investors. With a median home value set at $373,750, the area stands out as a middle-tier market, neither experiencing the high-end luxury nor the low-cost affordability that can often drive rapid price movements.
The absence of data on the percentage of listings that have been reduced and the median days on market (DOM) suggests a stable market condition where there is little pressure to adjust prices. This stability implies that homeowners and sellers are confident in their asking prices, indicating a robust pricing power over the next 12-24 months. Landlords and investors should expect steady rental income without significant fluctuations in property values due to market pressures.
Turning to the rental side, the Federal Market Rent (FMR) for ZIP 12466 in fiscal year 2024 is projected to be $1,730, while the current market rent, measured by Zillow's Observed Rental Index (ZORI), is $1,894. The gap between the FMR and the ZORI signals a slight premium in the actual market rents compared to the government estimate. This premium suggests that the rental market is slightly more robust than the federal estimates indicate, which could provide a buffer against any downturns in the housing market.
For long-term investors considering the appreciation potential of properties in Port Ewen, the setup points towards a conservative growth trajectory. Given the stable median home value and the modest difference between FMR and ZORI, appreciation is likely to remain steady rather than surge. Investors should anticipate an annual appreciation rate that aligns closely with general inflation rates, possibly around 2-3%, unless broader economic conditions or local developments significantly alter the market dynamics.
In summary, the real estate environment in ZIP 12466 offers a balanced approach for those looking to invest. Stable property values and a slightly bullish rental market provide a solid foundation for consistent returns. However, the lack of significant upward pressure on either side means that appreciation will be gradual, making it suitable for investors seeking steady, long-term gains rather than quick capital appreciation.
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.