Section 8 Fair Market Rent (FMR) for ZIP 11803 - 2027

Location: Nassau-Suffolk, NY | Metro: Nassau-Suffolk, NY HUD Metro FMR Area

Investment Score for ZIP 11803

Monthly Rent (2BR)

$3,610

Median Price (2BR)

$809,242

1% Rule

0.45%

Annual Yield

5.35%

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$2,640
1 Bedroom	$3,070
2 Bedrooms	$3,610
3 Bedrooms	$4,640
4 Bedrooms	$4,930
5 Bedrooms	$5,719
6 Bedrooms	$6,405
7 Bedrooms	$6,917
8 Bedrooms	$7,263

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
2BR	$3,610	$809,242	0.45%	F
3BR	$4,640	$952,678	0.49%	F
4BR	$4,930	$1,078,118	0.46%	F
5BR	$5,719	$1,349,269	0.42%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

29,713

Median Household Income

$187,514

Housing Units

10,666

Renter Percentage

6.4%

Occupancy Rate

96.0%

Renter Occupied

654

Plainview, NY, represented by ZIP code 11803, is a suburban area known for its affluent residents and strong rental market. The region offers a mix of single-family homes and apartments, catering to both homeowners and renters. Here's a concise breakdown of key metrics that define the rental and housing landscape in Plainview:

The Fair Market Rent (FMR) for a two-bedroom apartment in ZIP 11803 for fiscal year 2024 is set at $3,010.
The market rent, as measured by Zillow's ZORI (Zestimate Owner Occupied Rents Index), stands at $3,800 for a similar unit.
The median home value in the area is $963,057, reflecting the high cost of homeownership in this affluent suburb.
Renters make up only 6.4% of the total population, indicating a preference for homeownership among residents.
The days on market (DOM) for rental properties is relatively low at 27 days, suggesting a competitive rental market and quick turnover.
The median household income in Plainview is a robust $187,514, supporting the ability of residents to afford higher rents and property values.

The data points above paint a picture of a stable yet competitive rental market in Plainview, NY. Despite the lower renter share, the strong median income supports higher rental rates, making it a lucrative area for landlords and small-portfolio investors. The difference between the FMR and market rent indicates potential for above-average returns, while the quick DOM suggests efficient property management can lead to consistent cash flow. However, the high median home value implies a significant portion of the population prefers owning over renting, which could limit the size of the rental pool. Overall, Plainview presents a solid investment opportunity for those willing to target the premium rental segment.

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.