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 | $1,940 |
| 1 Bedroom | $2,260 |
| 2 Bedrooms | $2,660 |
| 3 Bedrooms | $3,420 |
| 4 Bedrooms | $3,630 |
| 5 Bedrooms | $4,211 |
| 6 Bedrooms | $4,716 |
| 7 Bedrooms | $5,093 |
| 8 Bedrooms | $5,348 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $3,420 | $1,044,383 | 0.33% | F |
| 4BR | $3,630 | $1,388,331 | 0.26% | F |
| 5BR | $4,211 | $3,079,931 | 0.14% | F |
U.S. Census Bureau data (2024)
The yield for ZIP 11545 is relatively low compared to the Federal Market Rent (FMR) for Section 8 in fiscal year 2024. The FMR is set at $2,380, while the median market rent is approximately $1,891. Given that the average home value is $1,543,009, the potential rental income falls below the FMR, indicating a lower yield market.
In terms of stability, the ZIP code shows a modest level of rental demand. Approximately 11.1% of total housing units are occupied by renters, and the rental vacancy rate is 2.2%, which suggests a stable rental market with low turnover. The median household income of $182,528 indicates a higher-income area where tenants are likely to have the financial means to pay their rent consistently.
The classification of ZIP 11545 would lean towards a steady-cashflow zone. The figures driving this assessment include:
This analysis points to an environment suitable for long-term investment rather than short-term flipping, given the low vacancy rate and the likelihood of consistent cash flow from tenants.
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.