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 | $1,830 |
| 1 Bedroom | $2,150 |
| 2 Bedrooms | $2,500 |
| 3 Bedrooms | $3,220 |
| 4 Bedrooms | $3,410 |
| 5 Bedrooms | $3,956 |
| 6 Bedrooms | $4,431 |
| 7 Bedrooms | $4,785 |
| 8 Bedrooms | $5,024 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $2,500 | $622,207 | 0.4% | F |
| 3BR | $3,220 | $682,975 | 0.47% | F |
| 4BR | $3,410 | $818,631 | 0.42% | F |
U.S. Census Bureau data (2024)
The ZIP code 11934, located in Center Moriches, NY, is primarily a homeowner-dominated area rather than a renter-heavy zone. With a population of 9,418, only 4.8% of residents are renters, indicating a relatively low demand for rental properties. The median household income in this area stands at $170,801, which is significantly higher than the national average. This high income level suggests that the typical rent of $2,337 represents a smaller portion of the local residents' earnings compared to areas with lower incomes.
To put this into perspective, the $2,337 market rent consumes approximately 1.4% of the median household income. This figure aligns closely with the Fair Market Rent (FMR) of $2,300 for FY 2024, as set by HUD for this ZIP code. The slight discrepancy between the market rent and the FMR is minimal, suggesting that the rental market in Center Moriches is fairly stable and reflective of broader housing trends in the region.
The scarcity of vouchers in this area can be attributed to the high median income, which means fewer residents qualify for federal assistance programs such as Section 8. Landlords in ZIP 11934 should expect tenants who are financially capable of paying market rates without subsidy support. These tenants will likely have stable employment and a good credit history, making them reliable candidates for long-term leases. While there may be some demand for subsidized housing, it is not expected to be a significant factor in the rental market dynamics of this ZIP code.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.