Location: Nassau-Suffolk, NY | Metro: Nassau-Suffolk, NY HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $2,440 |
| 1 Bedroom | $2,840 |
| 2 Bedrooms | $3,340 |
| 3 Bedrooms | $4,300 |
| 4 Bedrooms | $4,560 |
| 5 Bedrooms | $5,290 |
| 6 Bedrooms | $5,925 |
| 7 Bedrooms | $6,399 |
| 8 Bedrooms | $6,719 |
U.S. Census Bureau data (2024)
To profile ZIP code 11794 for Section 8 tenants, we must first acknowledge the limitations in the available data. The percentage of renters and median household income are not specified, which complicates a detailed analysis. However, we can still draw some conclusions based on the information provided.
The population of ZIP code 11794 is 831. Without knowing the exact percentage of renters, it's challenging to determine whether this is a renter-heavy area with significant voucher demand or a predominantly homeowner-dominated area where vouchers might be less common. The lack of this data suggests that further research is needed to accurately gauge the rental market dynamics.
Despite the missing figures, we can compare the Fair Market Rent (FMR) of $3010 for FY 2024 with the typical market rent in the area. If the typical market rent is higher than the FMR, then it would indicate that Section 8 vouchers may not cover the full cost of rent, potentially leading to a smaller pool of eligible tenants. Conversely, if the typical market rent is lower than the FMR, then the area could attract a larger number of Section 8 tenants.
To connect income levels to market rent, we need the median household income. This figure would allow us to calculate the percentage of income that goes towards rent. For example, if the median household income were $40,000 and the average rent was $1,500 per month, then the typical rent would consume 45% of the local income. Such a calculation would help landlords understand the financial burden that rent places on potential tenants.
Given the FMR of $3010, landlords should anticipate a tenant pool that primarily consists of individuals and families who rely on housing vouchers to meet their living expenses. These tenants will likely have low to moderate incomes, necessitating the use of vouchers to afford decent housing. Landlords must be prepared to comply with HUD regulations and ensure that their properties meet the necessary standards for voucher acceptance.
In conclusion, while the specific income and rental statistics are not provided, landlords in ZIP code 11794 should prepare for a tenant base that heavily depends on Section 8 vouchers. Compliance with program requirements and an understanding of the financial constraints faced by these tenants will be crucial for successful property management.
Data Sources: FMR data from HUD (2027). 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.