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 | $1,960 |
| 1 Bedroom | $2,160 |
| 2 Bedrooms | $2,820 |
| 3 Bedrooms | $3,430 |
| 4 Bedrooms | $3,710 |
| 5 Bedrooms | $4,304 |
| 6 Bedrooms | $4,820 |
| 7 Bedrooms | $5,206 |
| 8 Bedrooms | $5,466 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $2,820 | $360,713 | 0.78% | D |
| 3BR | $3,430 | $465,841 | 0.74% | D |
| 4BR | $3,710 | $563,039 | 0.66% | D |
U.S. Census Bureau data (2024)
11.6% of Shokan, NY's residents are renters, indicating a moderate demand for rental properties in ZIP 12481. The Fair Market Rent (FMR) for the area in fiscal year 2024 is set at $1700, which serves as a benchmark for landlords and investors. Comparatively, the Census American Community Survey reports an average market rent of $2,291, suggesting that landlords can potentially charge above the FMR to meet market rates. However, the median home value stands at $439,162, which is significantly higher than the median income of $124,286. This disparity highlights the financial challenge for many residents to afford homeownership, thereby increasing reliance on rental housing. Despite the lack of specific data on days on market (DOM) and the percentage of price-cut shares, the existing figures provide insight into the rental market dynamics. Landlords should consider setting rents close to the FMR to attract tenants, while small-portfolio investors might find opportunities in both rental and owner-occupied properties. The verdict for Section 8 participation in Shokan, NY is positive, given the alignment between the FMR and the local rental market conditions.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.