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 | $2,240 |
| 1 Bedroom | $2,600 |
| 2 Bedrooms | $3,060 |
| 3 Bedrooms | $3,940 |
| 4 Bedrooms | $4,180 |
| 5 Bedrooms | $4,849 |
| 6 Bedrooms | $5,431 |
| 7 Bedrooms | $5,865 |
| 8 Bedrooms | $6,158 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $3,060 | $848,377 | 0.36% | F |
| 3BR | $3,940 | $1,235,869 | 0.32% | F |
| 4BR | $4,180 | $1,534,348 | 0.27% | F |
| 5BR | $4,849 | $2,835,163 | 0.17% | F |
U.S. Census Bureau data (2024)
The ZIP code 11050, located in Port Washington, NY, presents a dynamic rental market that is currently experiencing strong demand. With a Fair Market Rent (FMR) of $2,940 for the fiscal year 2024, and a market rent of $3,750 as indicated by the Zillow Observed Rental Index (ZORI), there is a clear premium on actual rents compared to government-set benchmarks. This suggests that the local rental market is robust, with tenants willing to pay above the FMR to secure housing.
The low 0.1% price-cut share indicates that landlords are generally not needing to reduce their asking rents to attract tenants, which is a sign of a healthy market where demand meets or exceeds supply. Additionally, the 14-day Days on Market (DOM) statistic reveals that properties are moving quickly once they become available, further supporting the idea that demand is high relative to supply.
A median home value of $1,301,402 places Port Washington among the higher-priced residential markets in the region. However, the 31.6% renter share highlights that a significant portion of the population prefers or requires renting over homeownership. This high renter share suggests that there is a consistent and possibly growing need for rental units, indicating long-term housing pressure that favors rental investments.
In summary, ZIP 11050 demonstrates a rental market where demand is likely outpacing supply, supported by the quick turnover of rental listings and the willingness of tenants to pay above the FMR. The substantial median home value alongside a notable renter share points towards a community with diverse housing needs, making it an attractive location for landlords and small-portfolio investors looking to capitalize on the rental dynamics.
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.