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 | $1,600 |
| 1 Bedroom | $1,790 |
| 2 Bedrooms | $2,300 |
| 3 Bedrooms | $2,900 |
| 4 Bedrooms | $3,050 |
| 5 Bedrooms | $3,538 |
| 6 Bedrooms | $3,963 |
| 7 Bedrooms | $4,280 |
| 8 Bedrooms | $4,494 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $2,300 | $439,709 | 0.52% | F |
| 3BR | $2,900 | $533,793 | 0.54% | F |
| 4BR | $3,050 | $658,501 | 0.46% | F |
U.S. Census Bureau data (2024)
The market in ZIP 12570, located in Poughquag, NY, exhibits a dynamic balance between rental and homeownership trends, suggesting a unique environment where both sectors coexist with distinct characteristics. The Fair Market Rent (FMR) for the area stands at $2200 for fiscal year 2024, indicating a relatively high cost for rental units compared to the broader market rent of $1,770 based on recent Census American Community Survey (ACS) data.
This discrepancy between FMR and market rent highlights a potential gap where affordable rental options might be limited, pushing some renters towards the homeownership market. However, the median home value in the area is quite substantial at $548,940, which could deter first-time buyers and those seeking more affordable housing solutions. Despite the lack of specific data regarding price-cut share and days on market (DOM), the high median home value suggests that the housing stock is predominantly higher-priced, potentially leading to a scenario where supply slightly outpaces demand among lower-budget buyers.
The 10.9% renter share in Poughquag provides insight into the long-term housing pressure within the community. A low renter share typically indicates a strong preference for homeownership, which can stabilize the local housing market but also implies that rental properties might face less competition. This stability in ownership can be beneficial for landlords, as it often correlates with a steady demand for rental units from those who cannot afford the high median home value or prefer renting over buying.
In summary, ZIP 12570 presents a market where the high cost of living, reflected in both rental and homeownership prices, plays a significant role in shaping the housing dynamics. While the homeownership sector seems robust with a high median home value, the rental market appears to cater to a niche segment willing to pay above-average rents. The low renter share suggests that most residents choose to own their homes, which can support a consistent demand for rentals from those who do not fit the homeownership profile.
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.