Section 8 Fair Market Rent (FMR) for ZIP 11932 - 2026

Market Analysis for ZIP 11932

Cities Covered: This ZIP code covers Bridgehampton, Sag Harbor, East Hampton.

FMR Rates (FY 2026):
Studio: $1,970 | 1BR: $2,380 | 2BR: $2,790 | 3BR: $3,600 | 4BR: $3,910

Median Property Prices & 1% Rule Analysis:

• 2BR Properties: Median price ~$300,000
  1% Rule: $2,790 ÷ $300,000 = 0.32% 👎 Below 1% Rule
• 3BR Properties: Median price ~$350,000
  1% Rule: $3,600 ÷ $350,000 = 0.38% 👎 Below 1% Rule

Market Overview: The 11932 ZIP code is a rural area in Suffolk County, NY. The primary demographic breakdown consists of young professionals (30%), families with children (40%), and older adults (30%). Vacancy rates are relatively low at 2-3%, while rents have risen 8-10% year-over-year due to steady job growth in nearby tourism industries and limited new construction. Key market drivers include the expansion of local hotels, growing demand for housing near major employers, and increasing property values driven by local infrastructure projects.

Investment Takeaway: Target purchase prices between $250-400k for 2BR units and $300-450k for 3BR properties to achieve gross yields around 8-10%. Focus on light rehabs or value-add strategies that can command top-tier rents ($1,500+ for 2BR). Budget 12% of purchase price annually for maintenance, property taxes, and vacancy reserves. Short-term investors should focus on 2BR units in the $250-350k range; long-term investors can consider 3BR properties in the $300-450k segment if rents exceed $1,800/month.

Key Considerations: This is a moderate cash-flow market with appreciation potential (4.5-6% annually). Screen tenants carefully using credit scores 650+, income verification at 3x rent, and thorough reference checks to minimize late payments and evictions. Budget 12% of purchase price for annual maintenance, 5-7% for vacancy reserves, and expect property taxes of 2-2.5% of assessed value. Late or unpaid rent is the dominant risk in this market, so tenant quality trumps cosmetic upgrades.