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: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $2,480 | $629,006 | 0.39% | F |
| 3BR | $3,210 | $732,924 | 0.44% | F |
| 4BR | $3,400 | $842,426 | 0.4% | F |
| 5BR | $3,944 | $913,281 | 0.43% | F |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 11754, which includes Kings Park, NY, is set at $2160 for the fiscal year 2024. This figure represents the payment standard for landlords participating in the Section 8 Housing Choice Voucher program. It's important to note that this amount is not necessarily the rent you will charge your tenants, but rather the maximum subsidy amount the government will pay on behalf of eligible renters.
In comparison, the average rent for the area, based on Census ACS data, is around $1,955. This suggests that the FMR is slightly higher than the market rate, potentially offering landlords a better deal when it comes to covering costs associated with maintaining a rental property.
The demand for rental properties in this area is substantial, with 16.4% of the population being renters. This indicates a steady pool of potential tenants who might be interested in Section 8 housing, making it a viable option for landlords looking to fill vacancies.
If you're considering purchasing a property to become a Section 8 landlord, the median home value in ZIP 11754 is approximately $737,730. This is the price point you should be prepared to meet if you want to acquire a typical home in this area. However, keep in mind that the actual cost can vary widely depending on the condition, size, and location of the property.
Before committing to a Section 8 rental, verify that the property meets all the necessary housing quality standards set by HUD. These standards ensure that the property is safe, decent, and sanitary, and they are critical for securing the subsidy payments.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.