Section 8 Fair Market Rent (FMR) for ZIP 11757 - 2027

Investment Score for ZIP 11757

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	$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

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
2BR	$2,480	$576,044	0.43%	F
3BR	$3,210	$654,781	0.49%	F
4BR	$3,400	$700,168	0.49%	F
5BR	$3,944	$755,687	0.52%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

### Market Analysis for ZIP Code 11757 (Lindenhurst, NY) #### Section 8 Voucher Dynamics The Fair Market Rent (FMR) for ZIP code 11757, as per the 2026 data, is set at $2540 for a two-bedroom apartment. This represents 23.8% of the median household income in the area, which stands at $127,889. However, it is important to note that the actual rental market in Lindenhurst is significantly higher than the FMR. The Zillow median price for a two-bedroom home is $551,353, indicating a price-to-FMR ratio of 18.1x. This suggests that landlords who accept Section 8 vouchers may face significant financial constraints, as the rent they can charge through the program is far below the market rate. Given these dynamics, landlords must carefully consider their costs and potential revenue when deciding whether to participate in the Section 8 program. For instance, if a landlord owns a two-bedroom property valued at the Zillow median, the monthly rent would be approximately $4,594 based on a typical mortgage payment (assuming a 4.5% interest rate and a 30-year fixed mortgage). This is significantly higher than the $2540 FMR, meaning landlords would need to absorb a substantial loss if they were to accept Section 8 vouchers. #### Affordability & Renter Profile Lindenhurst has a relatively low percentage of renters at 14.5%, indicating that the majority of residents own their homes. With a high median household income of $127,889, the area is generally affluent, which explains why the rental market is so expensive. The occupancy rate of 93.6% suggests that the market is quite tight, with most available units being occupied quickly. Given the high cost of living and the limited number of renters, those who do rent in Lindenhurst are likely to be financially stable individuals or families who can afford the high rents. The FMR for a three-bedroom unit is $3290, which is still only 25.7% of the median income. This means that even though the FMR is lower than market rates, it is still a significant portion of the average income, making it challenging for many families to find affordable housing. #### Investor Angle From an investor perspective, the ZIP code 11757 is not particularly attractive for cash flow positive investments at the FMR levels. Given the high median home values and the tight rental market, investors looking to purchase properties for rental purposes would likely struggle to find tenants willing to pay the FMR rates. Additionally, the high price-to-FMR ratio of 18.1x indicates that the rental income generated by accepting Section 8 vouchers would not cover the mortgage payments on a typical property. To illustrate, let’s take a two-bedroom property valued at $551,353. Based on a 4.5% interest rate and a 30-year fixed mortgage, the monthly mortgage payment would be around $2,777. If the landlord were to accept a Section 8 voucher for a two-bedroom unit at $2540, they would be operating at a loss of about $237 per month before accounting for other expenses such as maintenance, utilities, and property taxes. This makes it difficult for investors to achieve positive cash flow without significant subsidies or other forms of assistance. #### Specific Actionable Insights 1. **Consider Non-Section 8 Tenants**: Given the high median income and the tight rental market, investors should focus on attracting non-Section 8 tenants who can pay market rates. This will ensure better cash flow and profitability. For example, renting a two-bedroom unit at the Zillow median price would generate $4,594 in monthly rent, which is well above the FMR of $2540. 2. **Evaluate Property Value vs. FMR**: Before purchasing any property, investors should evaluate the property value against the FMR to determine if the investment will be cash flow positive. For instance, a property valued at $300,000 would have a monthly mortgage payment of approximately $1,548, making it feasible to operate at a FMR of $2540 for a two-bedroom unit. However, properties valued closer to the Zillow median would not be viable for Section 8-focused investments. 3. **Explore Alternative Subsidies**: Investors might want to explore alternative government subsidies or programs that offer higher rental assistance levels. While the FMR is set at $2540 for a two-bedroom unit, other programs might provide higher subsidies that could make the investment more profitable. #### Bottom Line Based on the provided data, the recommendation for Section 8-focused investors in ZIP code 11757 is to **skip** this market. The high price-to-FMR ratio and the tight rental market make it challenging to find properties that can generate positive cash flow while accepting Section 8 vouchers. Investors should look for areas with lower property values relative to FMRs or explore alternative subsidy programs that offer higher rental assistance levels. In summary, the high cost of living and the limited number of renters in Lindenhurst make it an unattractive market for Section 8-focused investments. The gap between FMR and market rates is too large to justify the financial losses associated with accepting vouchers.

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.