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 | $1,800 |
| 1 Bedroom | $2,150 |
| 2 Bedrooms | $2,480 |
| 3 Bedrooms | $3,210 |
| 4 Bedrooms | $3,400 |
| 5 Bedrooms | $3,944 |
| 6 Bedrooms | $4,417 |
| 7 Bedrooms | $4,770 |
| 8 Bedrooms | $5,009 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $3,210 | $793,515 | 0.4% | F |
| 4BR | $3,400 | $917,308 | 0.37% | F |
U.S. Census Bureau data (2024)
The analysis for Section 8 real estate in ZIP 11096 reveals a significant gap between the Fair Market Rent (FMR) set at $2160 and the market rent of $1992, based on recent data. This discrepancy stands at $168, representing approximately 8.5% of the market rent.
In ZIP 11096, the FMR exceeds the market rent, making it a favorable scenario for landlords and small-portfolio investors who can leverage this situation to achieve higher yields. The FMR provides a guaranteed income level that surpasses the typical market rent, thus offering a margin above the usual rates.
However, this advantage must be weighed against the broader economic context. In ZIP 11096, 48.5% of residents are renters, indicating a robust rental market. The median home value is $814,979, and the median income is $93,421, which suggests that the area is moderately priced but with a high proportion of renters.
The gap between FMR and market rent means that landlords participating in the Section 8 program can expect to receive higher rents than they would from open-market tenants. This makes voucher tenants a key component of a yield-driven investment strategy in ZIP 11096. Landlords should consider the administrative aspects of managing Section 8 properties, but the financial benefits are clear.
Despite the potential for higher yields, it's important to recognize that the Section 8 program operates under strict guidelines. Landlords must ensure their properties meet HUD standards and be prepared to accept lower-than-market rents in some cases. Nonetheless, the current gap in ZIP 11096 presents a compelling opportunity for those willing to navigate the requirements of the program.
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.