Section 8 Fair Market Rent (FMR) for ZIP 11758 - 2027

Investment Score for ZIP 11758

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	$2,020
1 Bedroom	$2,350
2 Bedrooms	$2,770
3 Bedrooms	$3,560
4 Bedrooms	$3,780
5 Bedrooms	$4,385
6 Bedrooms	$4,911
7 Bedrooms	$5,304
8 Bedrooms	$5,569

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	$2,770	$684,505	0.4%	F
3BR	$3,560	$816,560	0.44%	F
4BR	$3,780	$899,307	0.42%	F
5BR	$4,385	$1,045,269	0.42%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

### Market Analysis for ZIP Code 11758 (Massapequa, NY) #### Section 8 Voucher Dynamics The Fair Market Rent (FMR) for ZIP code 11758 in Massapequa, NY, is set by HUD for the year 2026. The FMRs for different unit sizes are as follows: - 0BR: $2150 - 1BR: $2570 - 2BR: $2970 (which represents 23.1% of the median household income) - 3BR: $3850 - 4BR: $4070 To understand how these FMRs compare to actual rents, we need to consider the price-to-FMR ratio. For a 2BR unit, the Zillow median price is $661,805, which translates to an average monthly rent of approximately $5,515 when assuming a typical mortgage payment based on a 4.5% interest rate and 30-year term. This means that the actual rent is about 18.6 times the FMR for a 2BR unit. This high ratio indicates that actual rents are significantly higher than what the FMR suggests. Consequently, tenants who rely on Section 8 vouchers face severe constraints. A voucher holder would find it challenging to secure a rental property in this area due to the limited supply of units available at or below the FMR levels. #### Affordability & Renter Profile The population of Massapequa is 54,375, with a median household income of $154,110. Only 6.9% of the population are renters, indicating a predominantly owner-occupied market. The occupancy rate stands at 97.8%, suggesting a very tight rental market where most available units are quickly occupied. Given the high median household income and low percentage of renters, those who do rent in this area likely have above-average incomes. The affordability issue is compounded by the fact that the FMR for a 2BR unit is only 23.1% of the median income, making it relatively affordable for local residents but still far below the actual market rates. #### Investor Angle From an investor’s perspective, the ZIP code 11758 is not cash-flow positive at the FMR levels. With actual rents being 18.6 times the FMR for a 2BR unit, the FMRs are too low to cover the costs associated with owning and maintaining a rental property in this area. The investment grade for this ZIP code is poor for Section 8-focused investors. The high price-to-FMR ratio makes it difficult to find properties that can be rented out at FMR levels and still generate a profit. Investors looking to participate in the Section 8 program would likely struggle to find suitable properties that meet both the rental criteria and financial viability. #### Specific Actionable Insights 1. **Focus on Smaller Units**: Given the high price-to-FMR ratio, investors might consider focusing on smaller units such as 0BR or 1BR apartments. These units have lower FMRs ($2150 and $2570 respectively), which could make them more financially viable. However, even these units would still face significant affordability challenges. 2. **Consider Nearby ZIP Codes**: Since Massapequa itself has a very high price-to-FMR ratio, investors might want to look into nearby ZIP codes that offer similar amenities but with more reasonable ratios. This could provide better opportunities for cash flow and investment returns. 3. **Develop Value-Added Strategies**: If investors decide to invest in Massapequa despite the challenges, they should develop value-added strategies to increase the property’s appeal and justify higher rents. This could include renovations, upgrades, or adding amenities that would attract higher-paying tenants. #### Bottom Line For Section 8-focused investors, the recommendation is to **skip** investing in ZIP code 11758. The high price-to-FMR ratio and the tight rental market make it extremely difficult to find properties that can be rented out at FMR levels and still generate a profit. Investors should instead focus on areas with more favorable price-to-FMR ratios or consider alternative investment strategies that do not rely solely on Section 8 vouchers.

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.