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 | $3,030 |
| 3 Bedrooms | $3,900 |
| 4 Bedrooms | $4,140 |
| 5 Bedrooms | $4,802 |
| 6 Bedrooms | $5,378 |
| 7 Bedrooms | $5,808 |
| 8 Bedrooms | $6,098 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $3,030 | $571,817 | 0.53% | F |
| 3BR | $3,900 | $746,616 | 0.52% | F |
| 4BR | $4,140 | $852,721 | 0.49% | F |
| 5BR | $4,802 | $974,493 | 0.49% | F |
U.S. Census Bureau data (2024)
The real estate landscape in ZIP 11730, East Islip, NY, presents a unique set of conditions that landlords and small-portfolio investors should consider when evaluating their strategies for the coming 12 to 24 months. With a median home value of $704,543, the area reflects a stable housing market, though the absence of data on the percentage of listings reduced and the median days on market (DOM) indicates less volatility in recent sales activity.
This stability suggests that landlords and investors have significant pricing power, particularly when it comes to rental rates. The Fair Market Rent (FMR) for ZIP 11730 in fiscal year 2024 is projected at $2,850, which is notably higher than the current market average of $2,732. This gap between the FMR and the actual market rent signals a potential upward trend in rental prices, as government programs often set their standards based on anticipated costs rather than historical data alone. Landlords can leverage this information to adjust their rental rates accordingly, ensuring they remain competitive while maximizing income.
Moreover, the median home value provides a strong foundation for long-term investment appreciation. While specific appreciation rates are not provided, the established value of homes in East Islip suggests a robust local economy capable of supporting steady growth. Investors should focus on maintaining properties to ensure they align with the quality expected in this price range, thereby preserving their asset's value and potential for appreciation.
In summary, the combination of a high median home value and favorable rental market dynamics points to a solid investment environment for landlords and small-portfolio investors in ZIP 11730. The setup implies a continued demand for rental properties, with the potential for rental rate increases to match the FMR projections. Long-term investors should anticipate gradual appreciation, contingent upon the maintenance of property standards and economic stability in the region.
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.