Location: Columbia County, 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 | $1,320 |
| 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 |
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 |
U.S. Census Bureau data (2024)
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.