Location: Nassau-Suffolk, NY | Metro: Nassau-Suffolk, NY HUD Metro FMR Area
| 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 |
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). 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.