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 | $1,800 |
| 1 Bedroom | $2,150 |
| 2 Bedrooms | $2,480 |
| 3 Bedrooms | $3,210 |
| 4 Bedrooms | $3,400 |
| 5 Bedrooms | $3,944 |
| 6 Bedrooms | $4,417 |
| 7 Bedrooms | $4,770 |
| 8 Bedrooms | $5,009 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $3,210 | $621,333 | 0.52% | F |
| 4BR | $3,400 | $663,062 | 0.51% | F |
| 5BR | $3,944 | $711,588 | 0.55% | F |
ZIP code 11717, located within the Nassau-Suffolk, NY HUD Metro FMR Area, has a Fair Market Rent (FMR) of $2070 for fiscal year 2024. This figure represents the median rent for a two-bedroom apartment in the area, set by the U.S. Department of Housing and Urban Development (HUD) for determining eligibility for Section 8 housing assistance.
The market rent for ZIP 11717 is currently not available, which means we cannot directly compare it against the FMR. However, the home value in this ZIP is listed at $598,320. This is a significant amount, suggesting that the area is relatively expensive compared to other ZIP codes within the same metro region. The Nassau-Suffolk area typically includes a mix of neighborhoods ranging from affordable to premium, with ZIP 11717 leaning towards the higher end of the spectrum based on its home value.
The renter share percentage for ZIP 11717 is also not provided. Typically, a high renter share combined with lower-than-average home values might indicate a potential sweet spot for Section 8 properties. However, given the substantial home value in 11717, it is likely to be a premium sub-market within the metro, rather than a value pocket or mid-tier neighborhood. Landlords and small-portfolio investors should expect higher competition and potentially stricter property requirements due to the premium nature of this ZIP code.
In summary, ZIP 11717 is positioned as a premium sub-market within the Nassau-Suffolk, NY HUD Metro FMR Area, characterized by its high home values and FMR. While there is no specific data on the renter share or market rent, the existing figures suggest that it is an upscale area with limited potential for being a Section 8 sweet spot unless the renter share is unexpectedly high.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31).
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.