Location: Nassau-Suffolk, NY | Metro: Nassau-Suffolk, NY HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $2,860 |
| 1 Bedroom | $3,330 |
| 2 Bedrooms | $3,920 |
| 3 Bedrooms | $5,040 |
| 4 Bedrooms | $5,350 |
| 5 Bedrooms | $6,206 |
| 6 Bedrooms | $6,951 |
| 7 Bedrooms | $7,507 |
| 8 Bedrooms | $7,882 |
U.S. Census Bureau data (2024)
ZIP code 11797, located within the Nassau-Suffolk, NY HUD Metro FMR Area, presents a unique profile when compared to other ZIP codes in the same region. The Fair Market Rent (FMR) for 11797 is set at $3760 for fiscal year 2024, which is slightly above the area's average market rent of $3,554. This indicates that rental properties in 11797 are priced higher than what might be considered typical for the broader Nassau-Suffolk area.
The median home value in ZIP 11797 is notably high at $1,496,331. This figure suggests that the area is a premium sub-market within the larger metro, catering to higher-end homeowners rather than renters. However, the renter share in 11797 is relatively low at 12.8%, indicating that it is primarily a homeowner-driven community.
When considering the characteristics of a Section 8 sweet spot, ZIP 11797 does not fit the typical profile. A sweet spot usually has a higher percentage of renters combined with lower home values, which would make it more attractive for landlords participating in the Section 8 program. In contrast, 11797’s high home values and modest renter share suggest that it is less likely to be a prime location for landlords seeking to benefit from the Section 8 housing assistance program.
In summary, ZIP 11797 is positioned as a premium sub-market within the Nassau-Suffolk, NY HUD Metro FMR Area. Its higher-than-average FMR and significantly elevated home values indicate that it is a desirable location for homeowners but not necessarily for renters or landlords looking to engage in the Section 8 program. The low renter share further supports this conclusion, showing that the majority of residents in this ZIP code own their homes.
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.