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 | $2,270 |
| 1 Bedroom | $2,640 |
| 2 Bedrooms | $3,110 |
| 3 Bedrooms | $4,000 |
| 4 Bedrooms | $4,250 |
| 5 Bedrooms | $4,930 |
| 6 Bedrooms | $5,522 |
| 7 Bedrooms | $5,964 |
| 8 Bedrooms | $6,262 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $4,000 | $737,440 | 0.54% | F |
| 4BR | $4,250 | $823,652 | 0.52% | F |
| 5BR | $4,930 | $944,864 | 0.52% | F |
U.S. Census Bureau data (2024)
The ZIP code 11795 encompasses a high-end residential neighborhood characterized by its affluent residents and low rental rate. With a total population of 25,379, only 5.2% of the inhabitants are renters, indicating a predominantly owner-occupied area. The median household income stands at an impressive $177,269, reflecting the economic status of the residents. Furthermore, the median home value is $722,390, which underscores the premium nature of the real estate in this region.
Turning to the rent economics, the Fair Market Rent (FMR) for ZIP code 11795 in fiscal year 2024 is set at $2,640. This figure contrasts with the actual market rent reported by the Census American Community Survey (ACS), which is $2,798. While the difference between the FMR and the market rent is modest, it suggests that landlords participating in the Section 8 program can expect to receive rents slightly below the market average. However, given the overall wealth of the area, these rates still represent a significant income stream for hands-off operators who prioritize stable, government-backed rental payments.
For hands-on value-add buyers, the landscape presents both challenges and opportunities. The low percentage of renters and high median home values indicate that the area might be less attractive for those seeking to maximize rental yields through aggressive property management. On the other hand, the stable demand for affordable housing, even in such a wealthy area, could be appealing for investors willing to target the niche market of middle-income renters who qualify for Section 8 vouchers but prefer to live in upscale neighborhoods.
In summary, ZIP 11795 is best suited for hands-off voucher operators who can leverage the stability of government-subsidized rents in an otherwise high-value real estate market. For those inclined towards active property management and value-add strategies, the opportunity lies in catering to a select group of tenants who seek the amenities and lifestyle of a premium neighborhood while relying on Section 8 assistance to manage their housing costs.
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.