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 | $2,020 |
| 1 Bedroom | $2,350 |
| 2 Bedrooms | $2,760 |
| 3 Bedrooms | $3,550 |
| 4 Bedrooms | $3,770 |
| 5 Bedrooms | $4,373 |
| 6 Bedrooms | $4,898 |
| 7 Bedrooms | $5,290 |
| 8 Bedrooms | $5,555 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $3,550 | $854,683 | 0.42% | F |
| 4BR | $3,770 | $919,667 | 0.41% | F |
U.S. Census Bureau data (2024)
The market analysis for Section 8 investors in ZIP code 11514, located in the Nassau-Suffolk, NY HUD Metro FMR Area, highlights several key points. The HUD Fair Market Rent (FMR) for this area in fiscal year 2024 is set at $2,550 per month. In contrast, the Census ACS reports the market rent at $2,351 per month. This indicates that voucher tenants can generally cashflow at the FMR level, but landlords might experience marginal profitability due to the slight premium over market rates.
To further understand the investment potential, consider the median home value in ZIP 11514, which stands at $835,892. Using this figure, we can calculate the rent-to-price ratio. Dividing the HUD FMR of $2,550 by the median home value gives us approximately 0.30%, suggesting a relatively low rental yield compared to property value. This metric is crucial for investors assessing the balance between owning rental properties versus selling them for capital gains.
The dynamics of rent versus buy in this market are also noteworthy. With the median Days on Market (DOM) being N/A and the median percentage of price cuts being N/A, these factors do not significantly impact the decision-making process for investors. However, they indicate that the housing market is stable, with little need for price adjustments or extended listing periods.
In conclusion, the strongest investor angle in ZIP 11514 is stability. The consistent demand for rental properties, combined with the reliable HUD FMR support, provides a secure foundation for long-term investments without the risk of significant fluctuations in occupancy or rent levels.
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.