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: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 4BR | $3,400 | $949,221 | 0.36% | F |
U.S. Census Bureau data (2024)
ZIP code 11718, located within the Nassau-Suffolk, NY HUD Metro FMR Area, presents unique characteristics when compared to typical ZIP codes within this metro area. The Fair Market Rent (FMR) for ZIP 11718 is set at $2390 for fiscal year 2024, which is notably higher than the market rent of $1,728. This discrepancy suggests that the government's estimate of fair rental costs exceeds what the market currently demands, potentially indicating a regulatory-driven premium on rental rates.
The median home value in ZIP 11718 stands at $826,496, reflecting a relatively high property valuation. This figure places it above average for the region, suggesting that it is a premium sub-market within the larger Nassau-Suffolk area. However, the renter share in this ZIP is 3.6%, which is lower than many other areas in the metro, implying that it is primarily a homeownership-focused community rather than a rental hub.
When analyzing these metrics, ZIP 11718 does not fit the profile of a value pocket, where low home values and high renter shares typically attract Section 8 participants. Instead, it appears to be a premium sub-market with high home values and a relatively low renter share. The higher FMR compared to market rent could be seen as an opportunity for landlords who can leverage the government's rental assistance programs, but it also means they might face competition from properties priced closer to the actual market rate.
In summary, ZIP 11718 offers a niche for landlords willing to engage with the Section 8 program due to its higher FMR, but it is not likely to be a magnet for such tenants given its high home values and low renter share. For small-portfolio investors looking to maximize returns, this ZIP code represents a premium investment opportunity with potential for higher rents through Section 8 subsidies.
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.