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 | $2,190 |
| 1 Bedroom | $2,550 |
| 2 Bedrooms | $3,000 |
| 3 Bedrooms | $3,860 |
| 4 Bedrooms | $4,100 |
| 5 Bedrooms | $4,756 |
| 6 Bedrooms | $5,327 |
| 7 Bedrooms | $5,753 |
| 8 Bedrooms | $6,041 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $3,000 | $652,869 | 0.46% | F |
| 3BR | $3,860 | $802,929 | 0.48% | F |
| 4BR | $4,100 | $923,460 | 0.44% | F |
| 5BR | $4,756 | $1,015,107 | 0.47% | F |
U.S. Census Bureau data (2024)
The ZIP code 11710, located in North Bellmore, NY, stands out within Nassau County due to its unique demographic and economic characteristics. With a population of 34,834 residents, only 9.7% of whom rent their homes, North Bellmore has a strong emphasis on homeownership. The median household income here is $173,054, reflecting a relatively affluent community. This affluence is further underscored by the median home value, which is notably high at $804,889.
In the context of Section 8 housing, the ZIP code's rental dynamics are crucial. The Fair Market Rent (FMR) for ZIP 11710 for fiscal year 2024 is set at $2,720, slightly above the Census American Community Survey (ACS) reported market rate of $2,502. This indicates that landlords participating in the Section 8 program can expect a modest premium over the typical rental rates in the area. However, it's important to note that the low percentage of renters in North Bellmore might mean fewer potential tenants using vouchers, thus impacting the demand for Section 8 rentals.
The data signature for ZIP 11710 suggests a stable environment. The high median income and home values point to a secure economic foundation, while the slight increase in FMR over the market rate offers a balanced opportunity for landlords to engage with the Section 8 program without significant financial strain. Given these factors, landlords and small-portfolio investors in North Bellmore should find the local Section 8 landscape predictable and manageable, with limited risk of rapid changes in the economic climate.
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.