Location: Nassau-Suffolk, NY | Metro: Nassau-Suffolk, NY HUD Metro FMR Area
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 | $1,970 |
| 1 Bedroom | $2,350 |
| 2 Bedrooms | $2,710 |
| 3 Bedrooms | $3,510 |
| 4 Bedrooms | $3,720 |
| 5 Bedrooms | $4,315 |
| 6 Bedrooms | $4,833 |
| 7 Bedrooms | $5,220 |
| 8 Bedrooms | $5,481 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $2,710 | $1,426,450 | 0.19% | F |
| 3BR | $3,510 | $1,907,845 | 0.18% | F |
| 4BR | $3,720 | $2,499,922 | 0.15% | F |
| 5BR | $4,315 | $3,351,477 | 0.13% | F |
U.S. Census Bureau data (2024)
The rent math in ZIP 11030, located in Manhasset, NY, within the Nassau-Suffolk, NY HUD Metro FMR Area, does not align favorably for landlords. The Fair Market Rent (FMR) set at $2860 for the fiscal year 2024 is significantly higher than the actual market rent reported by the Census ACS, which stands at $1,901. This discrepancy suggests that landlords might struggle to charge rents at the FMR level, given the lower market rates.
Acquisition in this area is not particularly affordable. The median home value is $2,214,907, indicating high upfront costs for potential investments. Additionally, the lack of available data on days on market (DOM) and the low percentage of homes requiring price cuts (0.1%) suggest a stable but expensive market for property purchases.
Tenant demand in ZIP 11030 is limited. With a total population of 18,051, only 11.3% are renters. This means that approximately 2,033 individuals are seeking rental housing, which is a relatively small pool compared to the overall population. The scarcity of renters could make it challenging to find tenants willing to pay the higher FMR rates.
In summary, ZIP 11030 presents a challenging environment for landlords and small-portfolio investors due to the mismatch between FMR and market rent, high median home values, and limited tenant demand. These factors collectively indicate that the area may not be a lucrative investment for those looking to capitalize on rental income.
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.