Location: Kingston, NY | Metro: Kingston, NY MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,310 |
| 1 Bedroom | $1,440 |
| 2 Bedrooms | $1,880 |
| 3 Bedrooms | $2,280 |
| 4 Bedrooms | $2,470 |
| 5 Bedrooms | $2,865 |
| 6 Bedrooms | $3,209 |
| 7 Bedrooms | $3,466 |
| 8 Bedrooms | $3,639 |
The Federal Market Rent (FMR) for ZIP 12490 is set at $1700 for FY 2024. However, the market data shows that there are limited homes for sale in this area, indicating a scarcity of properties that could serve as cash-flow anchors. With no direct market data on median home values or median incomes, we must rely on broader trends within the Kingston, NY MSA to inform our strategy.
Given the scarcity of real estate listings and the absence of high DOM (days on market) figures, it suggests that properties in ZIP 12490 might be less liquid but could offer long-term appreciation. The lack of extensive price-cutting also supports this hypothesis, as it indicates a stable market where property values are likely to hold steady or rise over time.
To solidify this appreciation play, landlords and small-portfolio investors should focus on acquiring properties in ZIP 12490 that are well-maintained and have the potential to appreciate in value due to their location within the Kingston, NY MSA. This approach aligns with the broader economic trends of the region, which suggest a growing population and increasing demand for housing.
In conclusion, ZIP 12490 is best suited as an appreciation play within a Section 8 portfolio strategy. It lacks the necessary data points to be considered a cash-flow anchor or diversifier, but the stability and potential growth in property values make it an attractive option for long-term investment.
Data Sources: FMR data from HUD (2027).
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.