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 | $2,020 |
| 1 Bedroom | $2,350 |
| 2 Bedrooms | $2,760 |
| 3 Bedrooms | $3,550 |
| 4 Bedrooms | $3,770 |
| 5 Bedrooms | $4,373 |
| 6 Bedrooms | $4,898 |
| 7 Bedrooms | $5,290 |
| 8 Bedrooms | $5,555 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $2,760 | $561,359 | 0.49% | F |
| 3BR | $3,550 | $736,822 | 0.48% | F |
| 4BR | $3,770 | $840,453 | 0.45% | F |
U.S. Census Bureau data (2024)
ZIP code 11769, located in Oakdale, NY, falls within the Nassau-Suffolk, NY HUD Metro FMR Area. Its Fair Market Rent (FMR) for fiscal year 2024 is set at $2430, which is higher than the average market rent of $2,239. This suggests that while the government's estimate for rental costs is slightly elevated, the actual market reflects a more modest figure.
The median home value in ZIP 11769 is $696,703, indicating a middle-range property price point within the broader metro area. This value is neither exceptionally low nor high, positioning it as a mid-tier neighborhood in terms of housing costs.
The renter share in ZIP 11769 stands at 15.2%, which is notably lower than what might be seen in areas with higher concentrations of renters. This lower percentage could imply that the area has a stronger presence of homeowners, reducing the immediate appeal for landlords focused on maximizing rental yields.
To determine if ZIP 11769 represents a value pocket, mid-tier neighborhood, or a premium sub-market within the Nassau-Suffolk, NY HUD Metro FMR Area, we must consider the interplay between FMR, market rent, home value, and renter share. With an FMR above the market rent but a median home value that aligns well with the mid-tier range, and a relatively low renter share, 11769 appears to be a balanced mid-tier neighborhood. It does not exhibit characteristics that would clearly define it as a value pocket or a premium sub-market.
However, the divergence between the FMR and market rent, with the FMR being higher, might indicate that the area is favorable for landlords participating in Section 8 programs. This is because the higher FMR can potentially lead to higher subsidy payments, making the area attractive for those who wish to balance investment risk with government support.
In summary, ZIP 11769 presents itself as a mid-tier neighborhood within the Nassau-Suffolk, NY HUD Metro FMR Area. While it doesn't stand out as a value pocket due to its median home value, the slight discrepancy between its FMR and market rent could make it a sweet spot for Section 8 landlords seeking reasonable returns without the premium prices associated with more affluent areas.
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.