| Unit Size | FY 2026 FMR |
|---|---|
| Studio (0 Bedroom) | $2,570 |
| 1 Bedroom | $3,070 |
| 2 Bedrooms | $3,540 |
| 3 Bedrooms | $4,590 |
| 4 Bedrooms | $4,860 |
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 East Hampton.
FMR Rates (FY 2026):
Studio: $2,570 | 1BR: $3,070 | 2BR: $3,540 | 3BR: $4,590 | 4BR: $4,860
Median Property Prices & 1% Rule Analysis:
Market Overview: East Hampton (11937) is a high-end coastal community with a strong market driven by its scenic beaches, upscale amenities, and proximity to New York City. The ZIP code consists of 40% professionals, 30% families, and 25% service workers seeking a luxurious lifestyle near the ocean. Vacancy rates remain tight at 1-2%, with rent growth at 4-6% year-over-year. Demographically, East Hampton appeals to those seeking an affluent atmosphere with easy access to Manhattan. 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 a 7-9% gross yield on 2BR units in the $500-625k 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 $500k range; long-term investors can consider 3BR properties in the $700-800k 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.