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 | $1,310 |
| 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 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $2,280 | $731,090 | 0.31% | F |
U.S. Census Bureau data (2024)
The ZIP code 12495 is situated in a suburban neighborhood characterized by a relatively small population of 277 residents. With 17.8% of the population being renters, it suggests a community where homeownership is prevalent. The median home value stands at a substantial $641,808, indicating that this area is predominantly occupied by higher-income families or individuals. However, the lack of data on the median income of the residents makes it challenging to assess the financial capability of the local populace relative to housing costs.
Moving into the economic specifics of renting, the Fair Market Rent (FMR) for ZIP code 12495 for fiscal year 2024 is set at $1700. This figure represents the maximum amount that a Section 8 voucher holder can pay towards rent in this area. Unfortunately, there is no available data on the market rent for this ZIP code, which means we cannot directly compare the FMR to what is typically charged by landlords. Nonetheless, given the high median home value, it's reasonable to infer that the rental market in this area also tends to be on the higher side.
In terms of investment strategy, ZIP code 12495 appears to favor a hands-off voucher operator over a hands-on value-add buyer. The limited number of renters and the high median home value suggest that the area is well-suited for those looking to maintain properties without the need for extensive renovations or management. For landlords who are already established in this area, the Section 8 program can provide a stable source of income, ensuring that tenants can afford to live in these expensive homes.
However, potential investors should consider the low percentage of renters and the absence of local market rent data before making any decisions. While the hands-off approach might be less risky, it could also mean lower returns compared to areas with a higher concentration of renters and more robust rental market data. Conversely, a hands-on value-add buyer might struggle to find enough tenants or opportunities to justify the additional effort and cost required to improve properties in this area.
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.