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 | $2,210 |
| 1 Bedroom | $2,570 |
| 2 Bedrooms | $3,020 |
| 3 Bedrooms | $3,880 |
| 4 Bedrooms | $4,120 |
| 5 Bedrooms | $4,779 |
| 6 Bedrooms | $5,352 |
| 7 Bedrooms | $5,780 |
| 8 Bedrooms | $6,069 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $3,880 | $677,581 | 0.57% | F |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 11719 in fiscal year 2024 is set at $2200. This figure represents the maximum amount that a landlord can charge a tenant participating in the Section 8 Housing Choice Voucher program. It's important to note that this is not the rent you would charge your tenants; rather, it's the benchmark used by the government to ensure housing costs remain reasonable.
In comparison, the average market rent in ZIP 11719 is $3,088, according to recent Census Bureau data. This indicates that the FMR is lower than the typical rent in the area, meaning landlords will need to adjust their expectations when setting rent for Section 8 properties. However, the lower rent does not necessarily mean lower profitability, as the government ensures timely payments.
Renters make up 14.0% of the population in this ZIP code, which suggests a moderate demand for rental housing. While this percentage might seem low, it still translates into a significant number of potential tenants who could benefit from Section 8 assistance.
If you're considering acquiring a property in ZIP 11719 for a Section 8 rental, be aware that the median home value is around $694,679. This figure should factor heavily into your investment calculations, especially when comparing it against the FMR and market rents.
Before you decide to proceed with a Section 8 rental, verify that your property meets all HUD (Department of Housing and Urban Development) standards. These include safety, health, and structural requirements, ensuring that your property is habitable and maintains a certain level of quality. This step is crucial because failing to meet these standards can result in non-payment or penalties, affecting your overall profitability.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.