Location: Kiryas Joel-Poughkeepsie-Newburgh, NY | Metro: Kiryas Joel-Poughkeepsie-Newburgh, NY MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,570 |
| 1 Bedroom | $1,750 |
| 2 Bedrooms | $2,250 |
| 3 Bedrooms | $2,840 |
| 4 Bedrooms | $2,980 |
| 5 Bedrooms | $3,457 |
| 6 Bedrooms | $3,872 |
| 7 Bedrooms | $4,182 |
| 8 Bedrooms | $4,391 |
U.S. Census Bureau data (2024)
The analysis of ZIP code 12512 reveals a market that offers moderate yield potential and relatively low stability for landlords and small-portfolio investors. The Family Monthly Rent (FMR) for Section 8 in this area is set at $1980 for fiscal year 2024, indicating a baseline rental income that can be expected from tenants participating in the housing choice voucher program.
While specific market rent and home value figures are not available, the FMR provides a reliable benchmark for assessing the yield potential. Given the absence of comparative market rent data, it's prudent to assume that the FMR represents a significant portion of the overall rental rates in the area, suggesting a market where Section 8 properties are likely to generate a yield similar to the broader rental market.
Stability in ZIP 12512 is influenced by several factors, including the percentage of renters and the median household income. With 16.2% of residents being renters, this indicates a smaller tenant pool relative to homeowners, which could affect the demand for rental properties. However, the median household income of $99,025 suggests that residents have a higher capacity to pay market rents, which could mitigate some of the risks associated with lower rental demand.
The lack of data on days-on-market (DOM) makes it challenging to assess the speed at which properties are typically rented out. This figure would be crucial for understanding how quickly a property might be occupied after becoming vacant, impacting cash flow stability.
Based on the available data, ZIP 12512 does not appear to be a high-yield/low-stability market typical of a 'flip-style' investment strategy. Instead, it leans towards a steady-cashflow zone due to the reliable income provided by the FMR and the relatively high median household income. However, the limited size of the rental market and the absence of key data points suggest that this area offers a balance between yield and stability, rather than excelling in either category.
Data Sources: FMR data from HUD (2027). 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.