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 | $1,600 |
| 1 Bedroom | $1,750 |
| 2 Bedrooms | $2,280 |
| 3 Bedrooms | $2,800 |
| 4 Bedrooms | $3,020 |
| 5 Bedrooms | $3,503 |
| 6 Bedrooms | $3,923 |
| 7 Bedrooms | $4,237 |
| 8 Bedrooms | $4,449 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $2,280 | $450,598 | 0.51% | F |
| 3BR | $2,800 | $519,843 | 0.54% | F |
U.S. Census Bureau data (2024)
The ZIP code 12494, encompassing West Shokan, NY, presents a market characterized by distinct dynamics between rental and homeownership sectors. The Fair Market Rent (FMR) for the area stands at $1700 for fiscal year 2024, indicating a stable baseline for rental costs. However, the absence of current market rent data suggests a less active rental market, possibly due to limited supply or fewer recent transactions.
The median home value in West Shokan is $469,319. This figure provides insight into the overall cost of homeownership in the area. The lack of data on price-cut shares and days on market (DOM) prevents a direct assessment of how competitive the market is or how quickly homes are selling. Nonetheless, these missing metrics could imply that the market is relatively quiet, with fewer listings and less frequent price adjustments.
The 5.2% renter share highlights a predominantly owner-occupied community. In areas where owner occupancy is high, there tends to be less immediate pressure on rental markets. However, it also suggests that any increase in demand for rentals could lead to significant upward pressure on rents, given the limited supply. This scenario indicates that West Shokan might experience long-term housing pressures if the population grows or economic conditions change, leading more residents to seek rental options.
In summary, West Shokan appears to be a market where homeownership dominates, with a stable but potentially constrained rental sector. The dynamics suggest that supply currently meets demand, but the low renter share points to potential vulnerabilities should the balance shift. Landlords and small-portfolio investors must remain vigilant to changes in local demographics and economic conditions to anticipate shifts in housing demand.
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.