Location: Kiryas Joel-Poughkeepsie-Newburgh, NY | Metro: Kiryas Joel-Poughkeepsie-Newburgh, 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 | $1,260 |
| 1 Bedroom | $1,410 |
| 2 Bedrooms | $1,810 |
| 3 Bedrooms | $2,280 |
| 4 Bedrooms | $2,430 |
| 5 Bedrooms | $2,819 |
| 6 Bedrooms | $3,157 |
| 7 Bedrooms | $3,410 |
| 8 Bedrooms | $3,581 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,810 | $397,642 | 0.46% | F |
| 3BR | $2,280 | $477,832 | 0.48% | F |
| 4BR | $2,430 | $677,228 | 0.36% | F |
U.S. Census Bureau data (2024)
The market in Amenia, NY (ZIP 12501) is characterized by a Federal Market Rent (FMR) of $1540 for the fiscal year 2024, slightly above the current market rent of $1,493 as reported by the Census American Community Survey (ACS). This suggests that while there is a positive trend towards higher rental values, the actual market has yet to fully align with these federal estimates.
The median home value stands at $496,125. Given the lack of specific data on price-cut share and days on market (DOM), it's challenging to definitively state whether supply outpaces demand or vice versa. However, the gap between FMR and market rent indicates potential upward pressure on rental prices, which could signal a market where demand is gradually catching up to supply.
A noteworthy statistic is the 38.1% renter share, which is significantly higher than the national average. This high proportion of renters implies a sustained long-term housing pressure in the area. Landlords and small-portfolio investors should anticipate ongoing interest from tenants, especially given the disparity between FMR and current market rents. The dynamics suggest a market where rental properties are likely to remain in high demand, offering steady income opportunities for those who can provide affordable housing options.
The snapshot also reveals a potential opportunity for landlords to adjust their rental rates closer to the FMR without risking vacancy, due to the strong presence of renters. For small-portfolio investors, focusing on maintaining competitive rental rates and property conditions can ensure consistent occupancy and returns.
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.