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 | $1,890 |
| 1 Bedroom | $2,070 |
| 2 Bedrooms | $2,710 |
| 3 Bedrooms | $3,290 |
| 4 Bedrooms | $3,560 |
| 5 Bedrooms | $4,130 |
| 6 Bedrooms | $4,626 |
| 7 Bedrooms | $4,996 |
| 8 Bedrooms | $5,246 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $2,710 | $383,618 | 0.71% | D |
| 3BR | $3,290 | $463,991 | 0.71% | D |
| 4BR | $3,560 | $589,687 | 0.6% | D |
U.S. Census Bureau data (2024)
The ZIP code 12547, located in Milton, NY, stands out in Ulster County due to its unique demographic and economic characteristics. With a total population of 3,144, Milton has a rental rate of 28.5%, indicating a moderate demand for rental properties. The median household income in this area is $88,778, which is relatively high compared to the national average, suggesting a financially stable community. Additionally, the median home value of $463,518 reflects the higher-end real estate market in Milton.
Milton's Section 8 program presents an interesting opportunity for landlords and small-portfolio investors. The Fair Market Rent (FMR) for ZIP 12547 in fiscal year 2024 is set at $2,230, which is notably higher than the market rent of $1,909 as reported by the Census Bureau's American Community Survey. This discrepancy means that landlords accepting Section 8 vouchers can potentially receive higher rents than the current market rate, making it a lucrative option for property owners looking to maximize their returns.
Given the data signature of ZIP 12547, the community appears to be relatively stable. The median income and home values suggest a prosperous environment where residents can afford higher rents, and the slight increase in rental rates through the Section 8 program could further support this stability. However, investors should remain vigilant to any changes in the local economy or housing market trends that might affect the long-term viability of the area.
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.