Location: Sullivan County, NY | Metro: Kingston, NY MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,260 |
| 1 Bedroom | $1,370 |
| 2 Bedrooms | $1,790 |
| 3 Bedrooms | $2,210 |
| 4 Bedrooms | $2,370 |
| 5 Bedrooms | $2,749 |
| 6 Bedrooms | $3,079 |
| 7 Bedrooms | $3,325 |
| 8 Bedrooms | $3,491 |
U.S. Census Bureau data (2024)
1640 is the Fair Market Rent (FMR) for ZIP code 12725 as of fiscal year 2024, indicating the maximum amount a Section 8 participant can be expected to pay for housing in this area. 314,858 represents the median home value in ZIP 12725, which provides a benchmark for property values and can help investors understand the local real estate market's health. 9.2% is the share of renters in this ZIP code, suggesting that while it is not a highly populated rental market, there is still demand for rental properties. 90,893 is the median income figure for the area, which is below the national average, implying that many residents might rely on assistance programs like Section 8 to afford housing.
The lack of specific data points such as the market rent and the days on market (DOM) suggests that the rental market in ZIP 12725 is less active or perhaps underreported. However, the absence of a percentage for price-cut share indicates that there is little need for landlords to reduce their asking prices, pointing to a relatively stable rental market.
Investors considering Section 8 participation should note that the 1640 FMR is significantly lower than the median home value of 314,858, which could limit profitability in terms of capital appreciation but offers steady, government-backed rental income. The 9.2% renter share means that while the rental market is not booming, it is consistent enough to support a niche for Section 8 units. Given the median income of 90,893, there is a substantial population that would qualify for Section 8 assistance, ensuring a steady stream of potential tenants.
In conclusion, despite the limited market activity, the combination of a stable rental environment and a significant portion of the population qualifying for Section 8 assistance makes this ZIP code a viable option for landlords and small-portfolio investors looking to secure long-term, reliable tenancy. Verdict: Acceptable for Section 8 participation.
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.