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 | $2,350 |
| 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 |
|---|---|---|---|---|
| 3BR | $3,550 | $710,180 | 0.5% | F |
U.S. Census Bureau data (2024)
The ZIP code 11715, located in Blue Point, New York, presents an interesting mix of yield and stability for real estate investors. With a Fair Market Rent (FMR) of $2,440 for fiscal year 2024 and a market rent of $2,551, the rental income potential is clear. However, the median home value is significantly higher at $700,120, indicating that this is not a low-cost area.
On the stability axis, the data reveals a few key points. Only 9.5% of residents are renters, which suggests a primarily owner-occupied community. This can be both a positive and a negative factor for rental investment. While it means less competition from other rental properties, it also implies a smaller pool of potential tenants. The lack of data on days on market (DOM) makes it challenging to assess how quickly properties might turn over, but the median household income of $163,125 indicates a relatively affluent area capable of supporting higher rents.
Comparing these figures, 11715 leans towards a steady-cashflow zone. The rental income is competitive with the FMR and market rent, suggesting that properties can generate solid returns. However, the high median home value and limited rental population indicate that while yields are good, they are not exceptionally high. Furthermore, the strong local economy supports stability in the form of consistent rental demand and ability to pay higher rents.
To summarize, the key figures driving this assessment are:
Investors should consider these factors carefully before entering the market in ZIP 11715, balancing the promise of steady cash flow against the higher initial capital requirements.
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.