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 | $2,260 |
| 1 Bedroom | $2,630 |
| 2 Bedrooms | $3,090 |
| 3 Bedrooms | $3,970 |
| 4 Bedrooms | $4,220 |
| 5 Bedrooms | $4,895 |
| 6 Bedrooms | $5,482 |
| 7 Bedrooms | $5,921 |
| 8 Bedrooms | $6,217 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $3,970 | $653,373 | 0.61% | D |
| 4BR | $4,220 | $692,072 | 0.61% | D |
| 5BR | $4,895 | $739,196 | 0.66% | D |
U.S. Census Bureau data (2024)
The Section 8 housing market in ZIP code 11575, part of the Nassau-Suffolk, NY HUD Metro FMR Area, presents a favorable opportunity for landlords and small-portfolio investors. The Fair Market Rent (FMR) set by HUD for the area is $2,760 for the fiscal year 2024, while the Census ACS reports the market rent at $2,565. This indicates that landlords can expect to cashflow positively when renting to voucher tenants at the HUD FMR rate.
To further analyze the investment potential, the median home value in ZIP 11575 is $630,749. Using this figure, we can calculate the rent-to-price ratio, which stands at approximately 0.44%. This ratio suggests that the rental income generated from properties in this area represents a small percentage of their total value, indicating a relatively stable market where property values do not fluctuate drastically.
The dynamics between renting and buying in ZIP 11575 are also noteworthy. With a median Days on Market (DOM) of N/A and a price-cut share of just 0.1%, it's evident that the housing market is robust and competitive. However, these metrics are less relevant for Section 8 investors who focus primarily on rental income rather than property flipping or quick resale.
In conclusion, the strongest angle for Section 8 investors in ZIP 11575 is cashflow. The positive difference between the HUD FMR and market rent ensures a steady stream of income without the need for premium units. This makes the area an attractive option for those seeking reliable returns through rental properties.
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.