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: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,790 | $259,747 | 0.69% | D |
| 3BR | $2,260 | $331,047 | 0.68% | D |
| 4BR | $2,430 | $379,644 | 0.64% | D |
| 5BR | $2,819 | $427,177 | 0.66% | D |
U.S. Census Bureau data (2024)
The potential pitfalls for Section 8 landlords in ZIP code 12771 in Port Jervis, NY, are significant. Tenant turnover is a primary concern, with the market rent at $1,791 compared to the Fair Market Rent (FMR) for FY 2024 at $1,470. This disparity can lead to higher turnover rates as tenants might struggle to afford the higher market rents once their vouchers expire. Vacancy exposure is another critical issue, though data on days on market (DOM) is currently unavailable, suggesting that landlords may face extended periods without rental income. The deferred maintenance risk is also considerable, given the typical home value of $310,397 and a median income of $68,136. Homeowners may find it challenging to keep up with maintenance costs, which could translate into increased demands on landlords for property upkeep.
However, these risks must be weighed against the high concentration of renters in the area, with 37.8% of residents being renters. This high renter share typically correlates with higher demand for housing vouchers, which can provide a steady stream of tenants for Section 8 landlords. The consistent demand for subsidized housing can mitigate some of the financial risks associated with vacancy and turnover.
Verdict: Moderate risk for a first-time Section 8 landlord.
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.