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 | $1,970 |
| 1 Bedroom | $2,290 |
| 2 Bedrooms | $2,700 |
| 3 Bedrooms | $3,470 |
| 4 Bedrooms | $3,690 |
| 5 Bedrooms | $4,280 |
| 6 Bedrooms | $4,794 |
| 7 Bedrooms | $5,178 |
| 8 Bedrooms | $5,437 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $2,290 | $320,750 | 0.71% | D |
| 2BR | $2,700 | $466,649 | 0.58% | F |
| 3BR | $3,470 | $613,617 | 0.57% | F |
| 4BR | $3,690 | $684,318 | 0.54% | F |
| 5BR | $4,280 | $709,052 | 0.6% | D |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 11776, which includes Port Jefferson Station, NY, is set at $2,600 for fiscal year 2024. This figure represents the maximum amount that a landlord can charge for rent under the Section 8 program, not the actual rent that will be paid by tenants. The Housing Authority will pay up to this amount based on the tenant's income and other factors.
In comparison, the local Zillow Observed Rental Index (ZORI) for the same area stands at $2,975. This means that while you can potentially charge more than the FMR if you're outside the Section 8 program, the subsidy caps your rent at $2,600 per month for eligible tenants.
The demand for rental properties in this area is strong, with renters making up 22.1% of the population. This indicates a significant portion of the market is looking for affordable housing options, many of whom could qualify for Section 8 assistance.
If you're considering purchasing a property to use as a Section 8 rental, you should be aware that the median home value in the area is around $614,440. This is the typical price you might expect to pay for an average home in Port Jefferson Station, NY, which could serve as a starting point for your investment.
Before proceeding with your first Section 8 rental, it's crucial to verify that the property meets all the necessary requirements for the program. Specifically, ensure that your property passes the Housing Quality Standards (HQS) inspection. This is a mandatory step that checks for safety and habitability issues, and failure to meet these standards could delay or prevent your participation in the program.
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.