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 | $1,930 |
| 1 Bedroom | $2,240 |
| 2 Bedrooms | $2,640 |
| 3 Bedrooms | $3,400 |
| 4 Bedrooms | $3,600 |
| 5 Bedrooms | $4,176 |
| 6 Bedrooms | $4,677 |
| 7 Bedrooms | $5,051 |
| 8 Bedrooms | $5,304 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $2,640 | $616,014 | 0.43% | F |
| 3BR | $3,400 | $778,526 | 0.44% | F |
| 4BR | $3,600 | $883,389 | 0.41% | F |
| 5BR | $4,176 | $980,585 | 0.43% | F |
U.S. Census Bureau data (2024)
The rent math in ZIP code 11572, located in Oceanside, NY, within the Nassau-Suffolk, NY HUD Metro FMR Area, is favorable but requires careful consideration. The Fair Market Rent (FMR) set at $2400 for fiscal year 2024 is higher than the market rent reported by the Census ACS, which stands at $2,227. This indicates that landlords can potentially charge above the market rate, benefiting from the subsidized housing program.
Acquisition of properties in this area is reasonably affordable. With a median home value of $774,701, the cost is moderate compared to other areas. Additionally, the average days on market (DOM) of 58 days suggests a brisk pace in property turnover, indicating strong interest from buyers. The low 0.1% share of homes that have been subject to price cuts further supports the notion that the local real estate market is stable and attractive for investment.
Tenant demand in ZIP 11572 is substantial. The area has a population of 30,436, with 7.1% being renters. Given the FMR and market rent comparison, it's evident that there is a sufficient pool of potential tenants who would benefit from the lower rent threshold set by the government, thus ensuring steady occupancy rates.
In conclusion, ZIP 11572 presents a viable opportunity for landlords and small-portfolio investors. The rent math is advantageous due to the higher FMR compared to market rent, making it possible to secure above-market rents through Section 8. Property acquisition is affordable with a moderate median home value and a robust real estate market indicated by quick sales and minimal price adjustments. Tenant demand is also strong, supported by a significant population base and a reasonable renter share, ensuring a stable and consistent occupancy. Therefore, investing in this ZIP code aligns well with the goals of maximizing returns while providing affordable housing options.
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.