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 | $2,370 |
| 1 Bedroom | $2,750 |
| 2 Bedrooms | $3,240 |
| 3 Bedrooms | $4,170 |
| 4 Bedrooms | $4,420 |
| 5 Bedrooms | $5,127 |
| 6 Bedrooms | $5,742 |
| 7 Bedrooms | $6,201 |
| 8 Bedrooms | $6,511 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $4,170 | $1,030,044 | 0.4% | F |
| 4BR | $4,420 | $1,220,067 | 0.36% | F |
| 5BR | $5,127 | $1,645,570 | 0.31% | F |
U.S. Census Bureau data (2024)
The analysis of ZIP code 11507 within the Nassau-Suffolk, NY HUD Metro FMR Area reveals critical insights for landlords and small-portfolio investors.
Does the rent math work? The Federal Market Rent (FMR) for ZIP 11507 in fiscal year 2024 is set at $2810. However, the Census ACS data indicates that the market rent stands at $2,430. This discrepancy suggests that the FMR is higher than what the market currently supports, making it challenging for landlords to fully leverage the FMR for rental income. Landlords should adjust their expectations and possibly their pricing strategies to align with the actual market conditions.
Is acquisition affordable? The median home value in ZIP 11507 is $1,069,254, which presents a significant barrier to entry for potential acquisitions. Unfortunately, the data on days on market (DOM) and the percentage of homes that have been price-cut is not available. Without these metrics, it's difficult to gauge how aggressively homes are being sold or the level of competition in the market. However, the high median home value alone suggests that acquiring properties in this area will be costly and may require substantial capital or financing.
Is there tenant demand? The total population of ZIP 11507 is 6,736, with a renter share of 12.2%. This means there are approximately 821 renters in the area. While the number of potential tenants is relatively low, the demand for rental housing does exist. Landlords should focus on offering competitive rents and attractive amenities to capture this market segment effectively.
Verdict: In ZIP 11507, the rent math does not align favorably with the Federal Market Rent compared to the actual market rent. Acquisition of properties is expensive due to the high median home value, though without additional metrics on DOM and price-cut percentages, a full assessment is incomplete. Tenant demand exists but is limited; thus, landlords must tailor their offerings to meet the needs of the local rental market. Overall, while the area offers opportunities, it requires careful consideration and strategic planning to succeed as a landlord or investor.
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.