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 | $2,340 |
| 1 Bedroom | $2,720 |
| 2 Bedrooms | $3,200 |
| 3 Bedrooms | $4,120 |
| 4 Bedrooms | $4,370 |
| 5 Bedrooms | $5,069 |
| 6 Bedrooms | $5,677 |
| 7 Bedrooms | $6,131 |
| 8 Bedrooms | $6,438 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $3,200 | $695,375 | 0.46% | F |
| 3BR | $4,120 | $808,048 | 0.51% | F |
| 4BR | $4,370 | $871,879 | 0.5% | F |
| 5BR | $5,069 | $950,210 | 0.53% | F |
U.S. Census Bureau data (2024)
The rental market in ZIP 11783, Seaford, NY, presents a dynamic scenario that reflects both current conditions and underlying trends. The Fair Market Rent (FMR) for the area stands at $3020 for the fiscal year 2024, while the average market rent, according to Census ACS data, is lower at $2,612. This suggests that there is a slight upward pressure on rents, aligning with the higher FMR set by HUD.
A key indicator of market health is the price-cut share, which in Seaford is an extremely low 0.1%. This figure implies that landlords are largely setting competitive prices that meet market demand without the need to reduce rates to attract tenants. Additionally, the median home value in Seaford is $789,940, indicating a relatively stable property market with solid asset values.
The 6.4% renter share is notably low, suggesting that the majority of residents in Seaford own their homes. This characteristic can imply several things: first, it points to a market where demand for rentals is constrained, possibly due to high homeownership rates. However, it also means that any increase in rental demand could put significant pressure on the limited rental supply, potentially driving up rents further.
The lack of available data on days on market (DOM) for rentals makes it challenging to assess the speed at which properties are leased. However, the combination of a low price-cut share and a relatively low market rent compared to FMR suggests that landlords are maintaining strong pricing power without needing to offer discounts. This indicates a market where demand is robust enough to support current rental prices, but not so overwhelming as to push the market rent significantly above the FMR.
In summary, ZIP 11783 appears to be a market where demand meets supply fairly closely, with slight upward pressure on rents. The low renter share suggests that long-term housing pressure is manageable, but any future increases in rental demand could lead to a tighter market, benefiting landlords who maintain quality and competitive pricing.
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.