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 | $2,560 |
| 1 Bedroom | $2,970 |
| 2 Bedrooms | $3,500 |
| 3 Bedrooms | $4,500 |
| 4 Bedrooms | $4,780 |
| 5 Bedrooms | $5,545 |
| 6 Bedrooms | $6,210 |
| 7 Bedrooms | $6,707 |
| 8 Bedrooms | $7,042 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $4,500 | $1,001,285 | 0.45% | F |
| 4BR | $4,780 | $1,104,306 | 0.43% | F |
U.S. Census Bureau data (2024)
The real estate market in ZIP 11732, characterized by a median home value of $992,887, currently presents a nuanced picture that landlords and small-portfolio investors should consider. The fact that the percentage of listings reduced is not available suggests stability in the selling prices, implying that homeowners are not feeling pressured to lower their asking prices due to an oversupply of homes on the market. This stability, coupled with the unreported median days on market (DOM), indicates that the housing market is neither overheated nor in a state of decline. Instead, it signals a balanced market where pricing power remains relatively strong.
On the rental side, the Federal Market Rent (FMR) for ZIP 11732 in fiscal year 2024 is projected at $3,290, while the current market rent, measured by Zillow's Observed Rent Index (ZORI), stands at $3,942. This discrepancy between government-assisted rents and market rents points towards a robust demand for rentals, which can be leveraged by landlords to maintain or slightly increase rental rates. However, the gap also suggests potential challenges for tenants relying on Section 8 vouchers, as they might struggle to find properties within their budget, leading to a possible shift in tenant demographics.
For long-term hold investors, the setup implied by the data points towards a cautious approach. The median home value and the balance in the sales market suggest that appreciation could be modest, around the national average, rather than rapid. This means that while the value of properties in ZIP 11732 is likely to increase, it will do so at a steady pace, providing a reliable but not explosive growth trajectory. The rental market dynamics offer a more immediate opportunity to capitalize on the current conditions, but investors should be prepared for fluctuations in tenant subsidies and the impact on vacancy rates.
In summary, the combination of a stable median home value, balanced market conditions, and a higher-than-FMR rental market in ZIP 11732 provides a solid foundation for maintaining property values and rental income. However, the realistic appreciation thesis leans towards gradual growth, which aligns well with a buy-and-hold strategy aimed at long-term gains rather than short-term speculative profits.
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.