| Unit Size | FY 2026 FMR |
|---|---|
| Studio (0 Bedroom) | $2,010 |
| 1 Bedroom | $2,400 |
| 2 Bedrooms | $2,770 |
| 3 Bedrooms | $3,590 |
| 4 Bedrooms | $3,800 |
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 Moriches.
FMR Rates (FY 2026):
Studio: $2,010 | 1BR: $2,400 | 2BR: $2,770 | 3BR: $3,590 | 4BR: $3,800
Median Property Prices & 1% Rule Analysis:
Market Overview: East Moriches (11940) is a small, suburban community with a stable market driven by its proximity to the Long Island Expressway and Suffolk County's coastal communities. The ZIP code consists of 35% professionals, 30% families, and 25% service workers seeking an affordable lifestyle near beaches and outdoor recreational areas. Vacancy rates remain tight at 2-3%, with rent growth at 4-6% year-over-year. Demographically, East Moriches 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 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.