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 | $2,130 |
| 1 Bedroom | $2,470 |
| 2 Bedrooms | $2,910 |
| 3 Bedrooms | $3,740 |
| 4 Bedrooms | $3,970 |
| 5 Bedrooms | $4,605 |
| 6 Bedrooms | $5,158 |
| 7 Bedrooms | $5,571 |
| 8 Bedrooms | $5,850 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $3,740 | $1,176,170 | 0.32% | F |
| 4BR | $3,970 | $1,418,797 | 0.28% | F |
| 5BR | $4,605 | $1,820,244 | 0.25% | F |
U.S. Census Bureau data (2024)
The analysis of the Section 8 program in ZIP code 11753 reveals a significant gap between the Fair Market Rent (FMR) set at $2,810 for fiscal year 2024 and the actual market rent reported at $2,574 according to the Census ACS. This discrepancy stands at $236, representing an increase of approximately 9.2% over the market rent.
Given that the FMR exceeds the market rent, landlords and small-portfolio investors should consider the benefits of renting to voucher tenants. The higher FMR ensures a steady stream of income, which is guaranteed by the federal government, making it a reliable yield play. This is particularly advantageous in a region where only 16.0% of residents are renters, indicating a smaller pool of potential tenants who might not meet the rental criteria without assistance.
The median home value in ZIP 11753 is $1,272,460, and the median income is $175,781. These figures suggest a relatively affluent area, where many residents might be able to afford market rents without assistance. However, the presence of voucher tenants can provide a consistent source of income, especially when market conditions fluctuate.
Investing in properties that accept Section 8 vouchers can offer a stable financial outlook, as the government covers any rent shortfall up to the FMR. For landlords, this means a guaranteed payment of $2,810 per month, even if the market rent is lower. This strategy can be particularly effective in areas with high median home values and incomes, as it allows property owners to tap into a segment of the population that might otherwise struggle to find affordable housing.
To summarize, the $236 gap between the FMR and market rent in ZIP 11753 presents an opportunity for landlords to generate a predictable and stable yield through participation in the Section 8 program. This is especially true given the low percentage of renters and the high median income and home values in the area.
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.