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 | $2,400 |
| 1 Bedroom | $2,800 |
| 2 Bedrooms | $3,290 |
| 3 Bedrooms | $4,230 |
| 4 Bedrooms | $4,490 |
| 5 Bedrooms | $5,208 |
| 6 Bedrooms | $5,833 |
| 7 Bedrooms | $6,300 |
| 8 Bedrooms | $6,615 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $3,290 | $662,736 | 0.5% | F |
| 3BR | $4,230 | $823,646 | 0.51% | F |
| 4BR | $4,490 | $867,755 | 0.52% | F |
| 5BR | $5,208 | $970,472 | 0.54% | F |
U.S. Census Bureau data (2024)
The rent math in ZIP code 11554, located in East Meadow, NY, within the Nassau-Suffolk, NY HUD Metro FMR Area, does not favor landlords. The Fair Market Rent (FMR) set at $3270 for fiscal year 2024 contrasts sharply with the market rent indicated by ZORI at $3,350. This slight discrepancy suggests that while the rents are competitive, they do not provide a significant margin above the HUD-set benchmark.
Acquisition of properties in this area is moderately affordable. The median home value stands at $795,539, which is within reach for many investors. The 22-day Days on Market (DOM) indicates a relatively quick turnover rate for listings, suggesting a healthy market where properties sell without prolonged exposure. Furthermore, the low 0.1% price-cut share points to a robust seller's market where homes rarely need to be discounted to attract buyers.
Tenant demand in East Meadow is stable but not particularly high. With a population of 36,821, the area has a modest 10.5% renter share. This means that approximately 3,866 residents are likely to be tenants. While this number is sufficient to sustain rental properties, it does not indicate a strong demand that would drive up rents significantly beyond the market average.
In summary, ZIP 11554 offers a balanced environment for landlords and small-portfolio investors. The rent math is tight, with little room for margin expansion. Property acquisition is feasible given the median home value and quick sale times, although the market is competitive. Tenant demand is steady but not overwhelming, supporting existing rentals without creating a surge in rental prices. Investors should proceed with caution, focusing on areas with higher renter shares for better returns.
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.