| Unit Size | FY 2026 FMR |
|---|---|
| Studio (0 Bedroom) | $1,940 |
| 1 Bedroom | $2,320 |
| 2 Bedrooms | $2,680 |
| 3 Bedrooms | $3,480 |
| 4 Bedrooms | $3,680 |
Location: Nassau-Suffolk, NY
Metro Area: Nassau-Suffolk, NY HUD Metro FMR Area
Explore Section 8 payment standards in neighboring areas:
Cities Covered: This ZIP code covers Center Moriches.
FMR Rates (FY 2026):
Studio: $1,940 | 1BR: $2,320 | 2BR: $2,680 | 3BR: $3,480 | 4BR: $3,680
Median Property Prices & 1% Rule Analysis:
Market Overview: Center Moriches (11934) boasts a stable market with moderate growth, driven by its proximity to the Long Island Expressway and Suffolk County's coastal communities. The ZIP code is comprised of 35% professionals, 30% families, and 25% service workers, with a vacancy rate at 2-3%. Rent growth has stabilized at 4-6% year-over-year, influenced by local employment trends in the healthcare sector. Demographically, Center Moriches appeals to young couples seeking suburban living near beaches and outdoor recreational areas. With property values increasing steadily over the past decade, this market is ideal for long-term investors targeting cash-flow stability.
Investment Takeaway: Investors can target a 7-9% gross yield on 2BR units in the $350-425k range, with top-tier properties commanding rents above $1,800/month. Focus on well-maintained units near major employers and transportation hubs to optimize cash flow. Budget 10-12% of purchase price annually for maintenance, taxes, and vacancy reserves to ensure positive returns. Short-term investors should prioritize turnkey rentals or light rehabs in the $350k range; long-term investors can consider 3BR properties in the $500-600k segment.
Key Considerations: This is a cash-flow market with moderate appreciation potential (2-4% annually). Screen tenants using credit scores 650+, income verification at 3x rent, and thorough reference checks to minimize late payments. Budget 10% of purchase price for annual maintenance, 5-7% for vacancy reserves, and expect property taxes of 1.8-2.2% of assessed value. Tenant quality trumps cosmetic upgrades; prioritize maintaining high-quality tenants to ensure top-tier rents.