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 | $1,460 |
| 1 Bedroom | $1,640 |
| 2 Bedrooms | $2,100 |
| 3 Bedrooms | $2,650 |
| 4 Bedrooms | $2,780 |
| 5 Bedrooms | $3,225 |
| 6 Bedrooms | $3,612 |
| 7 Bedrooms | $3,901 |
| 8 Bedrooms | $4,096 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $2,650 | $518,561 | 0.51% | F |
| 4BR | $2,780 | $700,237 | 0.4% | F |
U.S. Census Bureau data (2024)
The ZIP code 12575 presents a dynamic rental market influenced by both housing values and tenant demographics. With a Fair Market Rent (FMR) of $1690 for the fiscal year 2024, the rental pricing is set to reflect the economic realities of the area. The absence of market rent data suggests that the FMR closely aligns with actual rental rates, indicating a stable local market.
A key indicator of market conditions is the 0.2% price-cut share, which implies that very few landlords are reducing their rents to attract tenants. This low figure suggests that the demand for rental properties is robust, and landlords can maintain their asking prices without significant adjustments. Additionally, the median home value of $583,230 is indicative of a relatively affluent neighborhood, where homeownership is prevalent over renting.
The 7.2% renter share highlights a predominantly owner-occupied community. This low percentage of renters could imply that there is less immediate pressure on the rental market compared to areas with higher percentages of renters. However, it also points to a potential long-term housing pressure, as the limited rental stock might struggle to meet future demand if there's an influx of new residents seeking rental options.
In summary, ZIP 12575 appears to be a market where demand for rental properties is strong enough to support current pricing without significant concessions. The high median home value and low renter share suggest a trend towards homeownership, but this same trend could create challenges for those seeking rental accommodation in the future, indicating a balanced yet evolving market environment.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.