Section 8 Fair Market Rent (FMR) for ZIP 12475 - 2027

Location: Kingston, NY | Metro: Kingston, NY MSA

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,440
1 Bedroom	$1,470
2 Bedrooms	$1,930
3 Bedrooms	$2,370
4 Bedrooms	$2,580
5 Bedrooms	$2,993
6 Bedrooms	$3,352
7 Bedrooms	$3,620
8 Bedrooms	$3,801

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

557

Median Household Income

$103,412

Housing Units

239

Renter Percentage

41.4%

Occupancy Rate

100.0%

Renter Occupied

The ZIP code 12475, located in the heart of upstate New York, is a residential area known for its blend of suburban tranquility and access to urban amenities. This region is particularly appealing to small-portfolio investors looking to capitalize on the local rental market dynamics.

The Fair Market Rent (FMR) for ZIP 12475 in fiscal year 2024 is set at $2230, indicating a stable rental price point that landlords can rely on when setting their own rates.
Despite the lack of specific market rent data, the FMR provides a reliable benchmark for rental pricing in the area.
The median income in ZIP 12475 stands at $103,412, suggesting a robust economic base that supports higher rental prices and potentially lower vacancy rates.
Renters make up 41.4% of the housing market, pointing to a significant demand for rental properties and opportunities for landlords to attract tenants.
The absence of day-on-market (DOM) data indicates either a strong seller's market where homes sell quickly or a lack of recent sales activity, which could be due to various factors including seasonal fluctuations or economic conditions.
The median home value is currently unavailable, but given the strong median income and the rental demand, it suggests that property values in this area are likely to remain stable or increase over time.

For investors considering properties in ZIP 12475, the combination of a stable FMR, high median income, and substantial renter share presents a promising investment opportunity. The lack of specific market rent and DOM data introduces some uncertainty, but the overall economic health of the area supports the belief that rental properties will continue to perform well. Landlords should focus on maintaining competitive rental rates and ensuring property quality to attract and retain tenants in this market.

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.