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 | $2,150 |
| 1 Bedroom | $2,510 |
| 2 Bedrooms | $2,950 |
| 3 Bedrooms | $3,790 |
| 4 Bedrooms | $4,030 |
| 5 Bedrooms | $4,675 |
| 6 Bedrooms | $5,236 |
| 7 Bedrooms | $5,655 |
| 8 Bedrooms | $5,938 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $3,790 | $1,169,965 | 0.32% | F |
U.S. Census Bureau data (2024)
The ZIP code 11939 stands out due to its unique demographic and economic characteristics. With a population of 1,331 residents, it has a relatively low percentage of renters at 12.6%, indicating that homeownership is more prevalent than in many other areas. The median income in this ZIP is $102,500, which suggests a middle-class community. Notably, the median home value is exceptionally high at $1,175,666, placing it among the most expensive residential areas.
When it comes to Section 8 voucher economics, the Fair Market Rent (FMR) for ZIP 11939 in fiscal year 2024 is set at $2,760. This figure is crucial for landlords and small-portfolio investors as it represents the maximum amount the government will pay towards rental assistance. However, the absence of specific market rent data makes it challenging to compare the FMR directly with local rental rates. Given the high median home value, it's reasonable to infer that market rents could be higher than the FMR, potentially limiting the number of tenants who can afford to live there using only their voucher.
The data signature for ZIP 11939 reads as stable. The high median home value and moderate median income suggest a mature neighborhood where property values have been established over time. Additionally, the low percentage of renters indicates that the area is primarily composed of long-term homeowners rather than transient renters. This stability is further reinforced by the lack of significant changes in the demographic data, implying a consistent environment for real estate investment.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.