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 | $2,570 |
| 1 Bedroom | $2,990 |
| 2 Bedrooms | $3,520 |
| 3 Bedrooms | $4,530 |
| 4 Bedrooms | $4,810 |
| 5 Bedrooms | $5,580 |
| 6 Bedrooms | $6,250 |
| 7 Bedrooms | $6,750 |
| 8 Bedrooms | $7,088 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $4,530 | $578,733 | 0.78% | D |
| 4BR | $4,810 | $682,884 | 0.7% | D |
| 5BR | $5,580 | $783,239 | 0.71% | D |
U.S. Census Bureau data (2024)
The potential risks for investing in Section 8 properties in ZIP code 11713 are significant and must be carefully considered. Firstly, tenant turnover poses a substantial challenge, with the market rent at $3,135 compared to the Fair Market Rent (FMR) of $2,990 for FY 2024. This discrepancy can lead to higher churn rates as tenants seek properties that better match their budget constraints.
Vacancy exposure is another critical concern. The Days on Market (DOM) figure is currently unavailable, which makes it difficult to predict how long a property might remain vacant between tenants. Vacancies can significantly impact cash flow and profitability, especially when combined with the lower FMR.
Deferred maintenance is also a risk factor. Given the typical home value of $609,166 and the median income of $108,173, many residents may struggle to afford regular upkeep. This could result in higher maintenance costs for landlords, particularly if they inherit properties with existing issues.
However, these risks are mitigated by the high concentration of renters in the area, with 30.9% of the population being renters. High renter density often translates into greater demand for rental properties, including those that accept Section 8 vouchers. This increased demand can help ensure steady occupancy rates and reduce the likelihood of extended vacancies.
In conclusion, the overall risk for a first-time Section 8 landlord in ZIP code 11713 is moderate. While there are notable challenges related to tenant turnover, vacancy exposure, and maintenance costs, the strong renter base provides a solid foundation for successful investments.
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.