Location: Sullivan County, NY | Metro: Kingston, 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 | $1,180 |
| 1 Bedroom | $1,250 |
| 2 Bedrooms | $1,640 |
| 3 Bedrooms | $2,030 |
| 4 Bedrooms | $2,170 |
| 5 Bedrooms | $2,517 |
| 6 Bedrooms | $2,819 |
| 7 Bedrooms | $3,045 |
| 8 Bedrooms | $3,197 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,640 | $211,024 | 0.78% | D |
| 3BR | $2,030 | $284,306 | 0.71% | D |
| 4BR | $2,170 | $318,777 | 0.68% | D |
U.S. Census Bureau data (2024)
Woodridge, NY, located in ZIP code 12789 of Sullivan County, stands out due to its unique demographic and economic characteristics. With a population of 2,594, the area has a significant rental market, with 53.9% of residents renting their homes. The median household income in Woodridge is $71,729, which is relatively high compared to the national average. However, the median home value of $283,470 suggests that homeownership is still a considerable expense.
The voucher economics in Woodridge present an interesting opportunity for landlords and small-portfolio investors. The Fair Market Rent (FMR) for the ZIP code in fiscal year 2024 is set at $1,700, while the market rent based on Census ACS data is $985. This means that landlords can potentially receive significantly higher rents through Section 8 vouchers, making it a lucrative option for property owners looking to maximize their income.
The data signature for ZIP 12789 indicates a stable environment. Despite the high median income, the rental market remains robust, suggesting that many residents prefer renting over buying. The disparity between the FMR and market rent also points to a steady demand for affordable housing options, further supporting the stability of the rental market.
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.