Section 8 Fair Market Rent (FMR) for ZIP 11743 - 2027

Investment Score for ZIP 11743

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$2,150
1 Bedroom	$2,500
2 Bedrooms	$2,940
3 Bedrooms	$3,780
4 Bedrooms	$4,010
5 Bedrooms	$4,652
6 Bedrooms	$5,210
7 Bedrooms	$5,627
8 Bedrooms	$5,908

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
2BR	$2,940	$710,925	0.41%	F
3BR	$3,780	$876,406	0.43%	F
4BR	$4,010	$1,076,478	0.37%	F
5BR	$4,652	$1,572,204	0.3%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

### Market Analysis for ZIP Code 11743 (Huntington, NY) #### Section 8 Voucher Dynamics In ZIP code 11743, the Fair Market Rent (FMR) for a two-bedroom apartment is set at $2,890 per month. This figure represents approximately 18.9% of the median household income of $183,187, indicating that it is relatively affordable for the average resident. However, when comparing the FMR to actual rents, there is a significant discrepancy. The Zillow median price for a two-bedroom home in this area is $697,752, which translates to a monthly rent of around $2,010 based on a typical mortgage payment. This means that the actual rent is lower than the FMR by about $880 per month. The constraints for voucher holders are evident given the high FMR compared to actual rental prices. For instance, a voucher holder would find it challenging to locate a property where the landlord accepts the voucher amount of $2,890 for a two-bedroom unit, as most landlords would prefer higher rent payments closer to the market rate. This could lead to difficulties for voucher recipients in finding suitable housing, particularly in a competitive market like Huntington, NY. #### Affordability & Renter Profile ZIP code 11743 has a population of 43,490, with only 10.2% of residents being renters. This indicates a predominantly owner-occupied market, suggesting that the rental market is tight and highly competitive. The occupancy rate of 97.1% further supports this conclusion, showing that nearly all available units are occupied, leaving little room for new renters. Given the median household income of $183,187, the majority of residents can afford homes well above the FMR. The high income levels imply that the typical renter in this area is likely to be someone who either cannot afford to buy a home or prefers renting due to lifestyle choices. The affordability gap is starkly illustrated by the Price-to-FMR ratio of 20.1x, meaning that the median home value is over twenty times the FMR for a two-bedroom apartment. This suggests that the market is not particularly favorable for low-income renters seeking affordable housing options. #### Investor Angle From an investor’s perspective, the ZIP code 11743 presents a mixed picture. While the FMR provides a guideline for rental pricing, the actual market rent is significantly lower. A two-bedroom apartment priced at $2,010 per month (based on the Zillow median) would still be below the FMR. This implies that investors relying solely on FMRs might struggle to achieve positive cash flow if they purchase properties at the median market value. To determine the investment grade, we must consider factors such as vacancy rates, demand, and the ability to secure tenants. With a tight market and high occupancy rates, securing tenants should not be a problem. However, the challenge lies in the pricing. If an investor purchases a property at the median market value and aims to rent it out at the FMR, they would face significant financial pressure due to the high mortgage costs relative to the rental income. #### Specific Actionable Insights 1. **Target Lower-Income Properties**: Investors should focus on acquiring properties that are priced below the median market value. For example, a two-bedroom property priced at $500,000 would have a monthly mortgage payment of around $1,800, allowing for a rental price of $2,010 to generate positive cash flow. This strategy leverages the high demand for rental properties while ensuring profitability. 2. **Consider Multi-Family Units**: Given the high FMR for larger units (such as three and four-bedroom apartments), investors might find better opportunities in multi-family buildings where they can charge higher rents per unit. For instance, a three-bedroom apartment with an FMR of $3,750 would be more aligned with the market dynamics, potentially offering a better return on investment. 3. **Engage with Local Real Estate Agents**: To navigate the complexities of the rental market, investors should work closely with local real estate agents who understand the nuances of the area. These agents can provide insights into which neighborhoods are more likely to accept Section 8 vouchers and help identify properties that offer a balance between affordability and market demand. #### Bottom Line For Section 8-focused investors, the recommendation for ZIP code 11743 is to **skip** this market. The high median household income and tight rental market make it challenging to find properties that can be rented out at the FMR without incurring significant losses. Additionally, the low percentage of renters (10.2%) and the high occupancy rate (97.1%) suggest limited opportunities for expanding the rental portfolio. Instead, investors should look for areas with higher renter populations and lower median home values to ensure better alignment with Section 8 voucher dynamics and improved cash flow potential.

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.