Section 8 Fair Market Rent (FMR) for ZIP 12582 - 2027

Location: New York, NY | Metro: Kiryas Joel-Poughkeepsie-Newburgh, NY MSA

Investment Score for ZIP 12582

Monthly Rent (2BR)

$2,620

Median Price (2BR)

$447,296

1% Rule

0.59%

Annual Yield

7.03%

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	$2,280
1 Bedroom	$2,390
2 Bedrooms	$2,620
3 Bedrooms	$3,280
4 Bedrooms	$3,570
5 Bedrooms	$4,141
6 Bedrooms	$4,638
7 Bedrooms	$5,009
8 Bedrooms	$5,259

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
2BR	$2,620	$447,296	0.59%	F
3BR	$3,280	$550,479	0.6%	F
4BR	$3,570	$652,398	0.55%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

5,786

Median Household Income

$133,328

Housing Units

1,591

Renter Percentage

10.1%

Occupancy Rate

97.1%

Renter Occupied

156

The ZIP code 12582, located in Stormville, NY, offers a unique blend of rural charm and proximity to urban amenities, making it an attractive market for both residents and real estate investors. This area is characterized by its relatively low population density, which translates into a stable rental market and strong property values.

The Fair Market Rent (FMR) for a two-bedroom apartment in Stormville, NY for fiscal year 2024 is set at $2210.
The average market rent for properties in the area, according to the Census American Community Survey (ACS), stands at $1,851.
The median home value in ZIP 12582 is $553,721, indicating a robust housing market that favors long-term investments.
Renters make up only 10.1% of the total population, suggesting that the majority of homeowners own their homes outright, which can be a sign of financial stability and lower turnover rates.
The median income for households in this area is $133,328, reflecting a higher-than-average earning potential among residents, which can support higher rental rates and property values.

The combination of a strong median income and a modest rental share points towards a market that is less volatile and more predictable. The gap between the Fair Market Rent and the actual market rent suggests an opportunity for landlords to increase rents slightly while remaining competitive. The high median home value indicates a solid foundation for property appreciation over time. For small-portfolio investors looking to enter the Stormville market, focusing on quality properties that align with the higher income levels of the area could yield favorable returns.

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.