Location: Nassau-Suffolk, NY | Metro: Nassau-Suffolk, NY HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $2,140 |
| 1 Bedroom | $2,490 |
| 2 Bedrooms | $2,930 |
| 3 Bedrooms | $3,770 |
| 4 Bedrooms | $4,000 |
| 5 Bedrooms | $4,640 |
| 6 Bedrooms | $5,197 |
| 7 Bedrooms | $5,613 |
| 8 Bedrooms | $5,894 |
U.S. Census Bureau data (2024)
The ZIP code 11739 is predominantly a homeowner-dominated area rather than a renter-heavy one. With only 3.8% of the population renting, the demand for rental properties using Section 8 vouchers is likely to be low. The median household income in this area stands at $164,286, which is significantly higher than the average market rent, making it difficult to ascertain a typical rent figure directly from the provided data.
To understand the impact of rental costs on local incomes, we must consider the Fair Market Rent (FMR) established by the U.S. Department of Housing and Urban Development (HUD). For ZIP 11739, the FMR for FY 2024 is set at $2720. Given that the median income far exceeds this amount, it suggests that the average rent consumes a relatively small percentage of the local income. However, without a specific market rent figure, we cannot provide an exact percentage.
In such a high-income area, landlords can expect tenants who are financially stable but may not fully utilize the full value of their Section 8 vouchers due to the lower demand for rentals compared to the homeownership rate. Tenants here will likely have supplementary income sources or be willing to contribute additional funds towards rent beyond the voucher amount.
Landlords in ZIP 11739 should prepare for a tenant pool that is selective and possibly more interested in premium rental offerings. These tenants are likely to prioritize quality living conditions and amenities, given their financial capacity. The expectation is for a smaller number of Section 8 applicants relative to the overall rental market, indicating that landlords might need to adjust their focus to attract this niche group of renters effectively.
Data Sources: FMR data from HUD (2027). 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.