Location: Nassau-Suffolk, NY | Metro: Nassau-Suffolk, NY HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $2,390 |
| 1 Bedroom | $2,780 |
| 2 Bedrooms | $3,270 |
| 3 Bedrooms | $4,210 |
| 4 Bedrooms | $4,470 |
| 5 Bedrooms | $5,185 |
| 6 Bedrooms | $5,807 |
| 7 Bedrooms | $6,272 |
| 8 Bedrooms | $6,586 |
U.S. Census Bureau data (2024)
The market analysis for Section 8 investors targeting ZIP code 11930 in the Nassau-Suffolk, NY HUD Metro FMR Area reveals a strong cashflow opportunity when comparing the HUD Fair Market Rent (FMR) of $2490 against the Zillow Observed Rent Index (ZORI) of $57,305 for the fiscal year 2024. This indicates that voucher tenants will cashflow at the FMR rate, meaning landlords can expect positive cash flow even without premium units. The significant difference between the HUD FMR and the market rent suggests that properties rented at the FMR level will still be well below the average market rent, providing a substantial financial advantage.
To further understand the investment potential, consider the median home value of $3,200,658 in this area. The rent-to-price ratio, calculated by dividing the annual rent ($57,305 * 12 months) by the median home value, comes out to approximately 2.1%. This low ratio indicates that rental income is relatively modest compared to the high property values, making it particularly advantageous for investors focusing on cashflow rather than appreciation. The dynamics of renting versus buying in this market suggest that holding rental properties can be more profitable than purchasing homes for resale.
Regarding the time on the market (DOM) and price-cutting trends, the data shows a median DOM of N/A days and a price-cut share of 0.1%, which are irrelevant metrics for rental properties but do indicate a stable and efficient real estate market overall. Given the strong cashflow potential and the low risk associated with the stable market conditions, the strongest investor angle in ZIP 11930 is cashflow. Landlords and small-portfolio investors can expect consistent and positive returns on their investments, especially when leveraging Section 8 vouchers to secure tenants at the HUD FMR rate.
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.