Location: New York, 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 | $2,280 |
| 1 Bedroom | $2,390 |
| 2 Bedrooms | $2,620 |
| 3 Bedrooms | $3,280 |
| 4 Bedrooms | $3,570 |
| 5 Bedrooms | $4,141 |
| 6 Bedrooms | $4,638 |
| 7 Bedrooms | $5,009 |
| 8 Bedrooms | $5,259 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $2,390 | $301,009 | 0.79% | D |
| 2BR | $2,620 | $428,304 | 0.61% | D |
| 3BR | $3,280 | $520,915 | 0.63% | D |
| 4BR | $3,570 | $611,683 | 0.58% | F |
| 5BR | $4,141 | $679,931 | 0.61% | D |
U.S. Census Bureau data (2024)
ZIP 12524 in Fishkill, NY, presents a moderate opportunity for landlords and small-portfolio investors, balancing both yield and stability.
Yield: The Fair Market Rent (FMR) for the area is set at $2,210 for FY 2024, while the market rent is currently $1,911. This indicates a potential upside if you can secure tenants willing to pay closer to the FMR. Given the home value of $470,060, the FMR suggests a rental yield of approximately 4.7%. This is a decent yield but not exceptionally high compared to other markets. It's important to note that the FMR represents the maximum amount a landlord can charge under certain government programs, which may not be reflective of the broader market.
Stability: Stability in this context is influenced by the percentage of renters, local income levels, and the number of days on market (DOM). With 31.1% of residents being renters, there is a substantial demand for rental properties. However, the absence of data on the average number of days a property remains on the market suggests some uncertainty regarding how quickly you could turn over a property. The median household income of $99,034 provides a solid financial base for potential tenants, reducing the risk of default and improving overall stability.
In summary, ZIP 12524 is neither a high-yield/low-stability 'flip-style' market nor a purely steady-cashflow zone. Instead, it falls into a category where there is a reasonable balance between yield and stability. Investors should expect a decent return on investment, especially if they can position their rents close to the FMR, while also benefiting from a relatively stable tenant pool due to the median income level.
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.