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 | $1,340 |
| 1 Bedroom | $1,500 |
| 2 Bedrooms | $1,920 |
| 3 Bedrooms | $2,420 |
| 4 Bedrooms | $2,540 |
| 5 Bedrooms | $2,946 |
| 6 Bedrooms | $3,300 |
| 7 Bedrooms | $3,564 |
| 8 Bedrooms | $3,742 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,920 | $428,251 | 0.45% | F |
| 3BR | $2,420 | $529,066 | 0.46% | F |
| 4BR | $2,540 | $638,995 | 0.4% | F |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 12520, Cornwall on Hudson, NY, for fiscal year 2024 is set at $1860. This figure represents the maximum amount that a landlord can charge a tenant who participates in the Section 8 Housing Choice Voucher program. It's important to note that this is not the total rent you will receive; it's the payment standard used to determine the subsidy amount.
In comparison, the average rent for the area, based on recent Census American Community Survey (ACS) data, is $1471. This indicates that the FMR is higher than the typical market rate, which can be beneficial for landlords participating in the program.
The rental share in this ZIP code is 28.5%, meaning nearly one-third of the households are renters. This suggests a steady demand for rental properties, especially those that qualify under the Section 8 program. With an average property acquisition cost of approximately $543,154, investing in a Section 8 rental can be a strategic move to ensure consistent income from a government-backed program.
Before committing to a Section 8 rental, verify that your property meets all the required safety and quality standards. These standards include passing inspections for lead-based paint, pest infestations, and general habitability. Ensuring compliance upfront will prevent potential issues down the line and guarantee that you receive the promised subsidy.
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.