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 | $2,340 |
| 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 |
|---|---|---|---|---|
| 5BR | $4,373 | $3,488,338 | 0.13% | F |
U.S. Census Bureau data (2024)
The ZIP code 11568 hosts a population of 4,144 residents, with only 6.3% identified as renters. This indicates that the area is predominantly dominated by homeowners rather than renters. The median household income in this ZIP is $250,001, which is significantly higher than the typical market rent of $3,501 per month.
To put this into perspective, the average market rent consumes less than 1.5% of the median household income. This suggests that even for those who do rent, the financial burden of paying rent is relatively low compared to their income levels. However, it's important to note that the Fair Market Rent (FMR) set at $2,800 for FY 2024 is lower than the actual market rent, indicating a gap between the government-set rates and the private rental market.
The scarcity of renters in 11568 implies that the demand for housing vouchers under the Section 8 program is likely to be limited. Landlords should anticipate a tenant pool that can afford rents above the FMR but below the market rate. Tenants are likely to be individuals or families who, while they may benefit from rental assistance programs, still have the capacity to pay a substantial portion of the rent out-of-pocket due to the high median income in the area.
In summary, ZIP 11568 is not a renter-heavy area with deep voucher demand. Instead, it is an area where landlords will find a smaller pool of tenants who are financially capable of meeting higher rental costs, often exceeding the FMR of $2,800. The typical tenant profile should be someone who can manage a monthly rent of around $3,501, representing a modest expense relative to the overall income level in the area.
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.