Location: Kiryas Joel-Poughkeepsie-Newburgh, NY | Metro: Kiryas Joel-Poughkeepsie-Newburgh, NY MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,480 |
| 1 Bedroom | $1,660 |
| 2 Bedrooms | $2,130 |
| 3 Bedrooms | $2,680 |
| 4 Bedrooms | $2,820 |
| 5 Bedrooms | $3,271 |
| 6 Bedrooms | $3,664 |
| 7 Bedrooms | $3,957 |
| 8 Bedrooms | $4,155 |
U.S. Census Bureau data (2024)
ZIP 12572, located in Rhinebeck, NY, and part of the Kiryas Joel-Poughkeepsie-Newburgh, NY MSA, serves as an ideal cash-flow anchor within a Section 8 portfolio strategy. The Fair Market Rent (FMR) for ZIP 12572 in fiscal year 2024 is set at $1900, significantly lower than the market rent of $3000. This $1100 spread ensures a consistent and reliable cash flow for landlords participating in the Section 8 program.
The median home value in ZIP 12572 is $663,717, indicating a stable housing market with minimal risk of sudden depreciation. Landlords can secure long-term tenants through the Section 8 program, reducing vacancy rates and ensuring steady rental income. Given the low FMR relative to market rates, properties in this area can still be rented out at a profit while providing affordable housing options.
The 0.1% price-cut share and N/A-day Days on Market (DOM) suggest that the market is resilient, with little need for significant price reductions or extended marketing periods. This stability further supports the cash-flow anchor designation, as it minimizes the financial risks associated with rapid market fluctuations.
While the 26.5% renter share and median income of $94,859 might suggest diversification opportunities, the primary benefit of including ZIP 12572 in a Section 8 portfolio is its role as a cash-flow anchor. The substantial difference between FMR and market rents provides a solid foundation for maintaining positive cash flows, even when other parts of a portfolio experience volatility.
Data Sources: FMR data from HUD (2027). 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.