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 | $1,350 |
| 1 Bedroom | $1,440 |
| 2 Bedrooms | $1,890 |
| 3 Bedrooms | $2,330 |
| 4 Bedrooms | $2,500 |
| 5 Bedrooms | $2,900 |
| 6 Bedrooms | $3,248 |
| 7 Bedrooms | $3,508 |
| 8 Bedrooms | $3,683 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $2,330 | $451,288 | 0.52% | F |
U.S. Census Bureau data (2024)
The analysis of ZIP code 12548 within the Kingston, NY MSA reveals key insights for landlords and small-portfolio investors.
The Fair Market Rent (FMR) for ZIP 12548 in fiscal year 2024 is set at $1620. Given that market rent data is currently unavailable, it's imperative to rely on the FMR as a benchmark for rental pricing. Landlords should ensure their rental rates align closely with this figure to remain competitive and financially viable.
In terms of acquisition affordability, the median home value stands at $452,080. With no specific data on Days on Market (DOM) or the percentage of homes that require price cuts, potential investors must consider this median value as a critical factor. This figure suggests that purchasing properties in this area will require a significant investment, but the long-term stability and growth potential of the Kingston, NY MSA can offset these initial costs.
Tenant demand is moderate in ZIP 12548, which has a population of 1,064. The renter share is 18.6%, indicating a relatively stable pool of potential tenants. While the demand isn't overwhelming, it provides a solid foundation for rental income generation.
Verdict: The rent math works when aligned with the FMR of $1620, ensuring competitive pricing. Acquisition is moderately affordable at the median home value of $452,080, though it requires a substantial initial investment. Tenant demand is present, with a renter share of 18.6%. For investors looking for stable returns and long-term growth, ZIP 12548 presents a viable opportunity, especially considering the broader context of the Kingston, NY MSA's economic health.
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.