| Unit Size | FY 2026 FMR |
|---|---|
| Studio (0 Bedroom) | $2,000 |
| 1 Bedroom | $2,390 |
| 2 Bedrooms | $2,760 |
| 3 Bedrooms | $3,580 |
| 4 Bedrooms | $3,790 |
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 Cutchogue.
FMR Rates (FY 2026):
Studio: $2,000 | 1BR: $2,390 | 2BR: $2,760 | 3BR: $3,580 | 4BR: $3,790
Median Property Prices & 1% Rule Analysis:
Market Overview: Cutchogue (11935) is a small, affluent community located on the North Fork of Long Island, boasting a strong market driven by its scenic coastline and rural charm. The ZIP code consists of 40% professionals, 30% retirees, and 25% families seeking a quiet lifestyle near beaches and outdoor recreational areas. Vacancy rates remain tight at 1-2%, with rent growth at 4-6% year-over-year. Demographically, Cutchogue appeals to those seeking a relaxed atmosphere with easy access to New York City. With steady property value appreciation over the past decade, this market is ideal for investors targeting long-term capital gains.
Investment Takeaway: Investors can target an 8-10% gross yield on 2BR units in the $400-500k 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 $400k range; long-term investors can consider 3BR properties in the $550-650k segment.
Key Considerations: This is a cash-flow market with moderate appreciation potential (2-4% annually). Screen tenants using credit scores 700+, 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.