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 | $1,230 |
| 1 Bedroom | $1,400 |
| 2 Bedrooms | $1,790 |
| 3 Bedrooms | $2,260 |
| 4 Bedrooms | $2,430 |
| 5 Bedrooms | $2,819 |
| 6 Bedrooms | $3,157 |
| 7 Bedrooms | $3,410 |
| 8 Bedrooms | $3,581 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,790 | $407,435 | 0.44% | F |
| 3BR | $2,260 | $486,403 | 0.46% | F |
| 4BR | $2,430 | $676,802 | 0.36% | F |
U.S. Census Bureau data (2024)
The market analysis for Section 8 investors in ZIP code 12580, Staatsburg, NY, reveals a favorable environment for those seeking stable rental income. The HUD Fair Market Rent (FMR) for FY 2024 is set at $1,430, which is significantly higher than the average market rent of $1,129 reported by the Census ACS. This discrepancy suggests that voucher tenants will generally provide positive cash flow at the FMR rate, even when renting standard units.
To further understand the investment potential, consider the median home value of $482,200. The rent-to-price ratio, calculated by dividing the annual market rent ($1,129 * 12 months = $13,548) by the median home value, comes to approximately 2.81%. This low ratio indicates that rental properties can be a more attractive option compared to purchasing homes, given the relatively high cost of homeownership in the area.
Note that the median days on market (DOM) and percentage of price cuts are not applicable (N/A) for this analysis, as these metrics pertain more to the buying market rather than the rental market. However, the strong cash flow potential from voucher tenants makes the rental market an appealing choice for investors.
The strongest investor angle in ZIP 12580 is cash flow. Given the higher FMR rates compared to market rents, landlords and small-portfolio investors can expect consistent and above-average rental income from Section 8 tenants, making this a solid investment opportunity.
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.