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 | $1,920 |
| 1 Bedroom | $2,230 |
| 2 Bedrooms | $2,630 |
| 3 Bedrooms | $3,380 |
| 4 Bedrooms | $3,590 |
| 5 Bedrooms | $4,164 |
| 6 Bedrooms | $4,664 |
| 7 Bedrooms | $5,037 |
| 8 Bedrooms | $5,289 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $3,380 | $554,121 | 0.61% | D |
| 4BR | $3,590 | $653,792 | 0.55% | F |
| 5BR | $4,164 | $679,327 | 0.61% | D |
The ZIP code 11798 stands out due to its unique characteristics that set it apart from other areas. With a median home value of $551,769, this ZIP is significantly higher than many others, indicating a relatively affluent residential area. However, the lack of specific data points such as the number of residents, percentage of renters, and median income means we must rely on broader trends and the Federal Market Rent (FMR) to gauge its economic stability.
The FMR for ZIP 11798 in fiscal year 2024 is set at $2150. This figure is crucial for landlords and small-portfolio investors considering Section 8 participation, as it represents the maximum amount the government will pay for rental assistance in the area. Without comparative market rent data, it's challenging to assess how competitive this FMR is, but given the high median home value, it's likely that market rents exceed this amount.
In terms of voucher economics, landlords can expect the government to cover up to $2150 per month for eligible tenants. The difference between the FMR and the actual market rent would need to be subsidized by the tenant, which could impact the pool of potential Section 8 participants. If the gap is too large, it might deter some tenants from applying, affecting occupancy rates.
Based on the available data, ZIP 11798 appears to have a stable economic signature. The high median home value suggests a consistent demand for housing, which is positive for long-term investments. While the absence of detailed demographic data limits a comprehensive analysis, the established FMR provides a reliable benchmark for rental pricing. Landlords should monitor local market conditions closely to ensure their rental rates remain attractive to both Section 8 participants and private tenants.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31).
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.