Section 8 Fair Market Rent (FMR) for ZIP 12571 - 2027

Location: Columbia County, NY | Metro: Kiryas Joel-Poughkeepsie-Newburgh, NY MSA

Investment Score for ZIP 12571

F
Monthly Rent (2BR)
$1,870
Median Price (2BR)
$444,759
1% Rule
0.42%
Annual Yield
5.05%

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size Monthly FMR
Studio$1,320
1 Bedroom$1,460
2 Bedrooms$1,870
3 Bedrooms$2,350
4 Bedrooms$2,480
5 Bedrooms$2,877
6 Bedrooms$3,222
7 Bedrooms$3,480
8 Bedrooms$3,654

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)

Bedrooms Monthly FMR Median Price 1% Rule Grade
2BR $1,870 $444,759 0.42% F
3BR $2,350 $558,431 0.42% F
4BR $2,480 $724,943 0.34% F
5BR $2,877 $933,264 0.31% F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population
10,108
Median Household Income
$118,967
Housing Units
4,675
Renter Percentage
19.9%
Occupancy Rate
91.0%
Renter Occupied
845

Red Hook, NY, located in Dutchess County, stands out among other ZIP codes due to its unique demographic and economic profile. With a population of 10,108, Red Hook has a rental rate of 19.9%, indicating that a significant portion of the residents own their homes. The median income in the area is $118,967, which is notably higher than the national average, suggesting a relatively affluent community. The median home value of $542,460 further underscores the financial stability of homeowners in this ZIP code.

However, the rental market presents an interesting dynamic. The Fair Market Rent (FMR) for Section 8 vouchers in ZIP 12571 for fiscal year 2024 is set at $1,680, whereas the market rent, measured by ZORI (Zillow Observed Rent Index), is $2,275. This discrepancy means that landlords can potentially charge significantly more than the Section 8 voucher amount, leaving tenants to cover the difference. For instance, a landlord could charge $2,275 per month, while the voucher would only cover $1,680, resulting in a shortfall of $595 that the tenant must pay.

The data signature for ZIP 12571 suggests a stable environment. The high median income and home values indicate a strong local economy where property ownership is common. Despite the lower rental rate, the gap between market rent and the FMR for Section 8 vouchers implies that landlords may find it challenging to attract tenants who rely solely on vouchers. This situation could lead to fewer properties being available under the Section 8 program, as landlords might prefer market-rate tenants who can afford the full rent without additional subsidies.

In conclusion, Red Hook's ZIP code 12571 is characterized by a robust economy and a high cost of living. While the rental market is not as dominant as in some areas, the significant disparity between Section 8 voucher amounts and market rents could make it less attractive for landlords participating in the program. The overall data signature points towards a stable community, but the rental market dynamics suggest a transitional phase where affordability becomes a critical issue for low-income renters.

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.