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 | $1,800 |
| 1 Bedroom | $2,150 |
| 2 Bedrooms | $2,480 |
| 3 Bedrooms | $3,210 |
| 4 Bedrooms | $3,400 |
| 5 Bedrooms | $3,944 |
| 6 Bedrooms | $4,417 |
| 7 Bedrooms | $4,770 |
| 8 Bedrooms | $5,009 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 4BR | $3,400 | $674,889 | 0.5% | F |
U.S. Census Bureau data (2024)
The economics of Section 8 in ZIP code 11749 are straightforward. The SAFMR (Small Area Fair Market Rent) for a two-bedroom apartment in this specific ZIP code for fiscal year 2024 is set at $2,510. This figure represents the maximum amount that the Housing Choice Voucher program will reimburse landlords for renting a unit under the program.
In contrast, the local market rent for a two-bedroom unit in ZIP 11749, based on Census ACS data, averages at $2,019. This means that the SAFMR is higher than the average market rent, providing a potential surplus for landlords who participate in the program.
To understand the actual payment structure, let's break it down. The voucher holder is typically responsible for paying 30% of their adjusted income towards rent. On top of this, there are utility allowances which can vary but generally do not exceed the total SAFMR amount. For instance, if the voucher holder’s portion is $600 and the utility allowance is $200, the total reimbursement would be $810 plus the SAFMR limit of $2,510, capping at $2,510.
This SAFMR rate of $2,510 is the upper boundary for what the government will pay. If the market rent is below this, the landlord still receives the full market rent plus any applicable utility allowances. Given the local market rent is $2,019, landlords can expect to receive the full market rent plus the utility allowance, without the need to adjust their asking price to match the SAFMR.
Landlords should note that the SAFMR is specifically tailored to this ZIP code, meaning it reflects the rental costs unique to the area. This targeted approach aims to ensure that rents are affordable while also compensating landlords fairly for their properties.
In summary, the typical reimbursement for a two-bedroom apartment in ZIP 11749 under the Section 8 program leaves a surplus. Landlords can charge the local market rent of $2,019 and still receive the full amount from the voucher program, along with any utility allowances up to the SAFMR limit of $2,510. This setup provides a financial buffer that can help cover maintenance, property taxes, and other expenses associated with rental management.
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.