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 | $1,940 |
| 1 Bedroom | $2,250 |
| 2 Bedrooms | $2,650 |
| 3 Bedrooms | $3,410 |
| 4 Bedrooms | $3,620 |
| 5 Bedrooms | $4,199 |
| 6 Bedrooms | $4,703 |
| 7 Bedrooms | $5,079 |
| 8 Bedrooms | $5,333 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $2,650 | $739,471 | 0.36% | F |
| 3BR | $3,410 | $829,620 | 0.41% | F |
| 4BR | $3,620 | $976,983 | 0.37% | F |
U.S. Census Bureau data (2024)
ZIP 11941, located in Eastport, NY, within the Nassau-Suffolk, NY HUD Metro FMR Area, serves as a cash-flow anchor in a Section 8 portfolio strategy. The Federal Market Rent (FMR) for ZIP 11941 in fiscal year 2024 is set at $2070. This figure closely aligns with the market rent of $2114, indicating that properties in this area can be effectively leased through the Section 8 program without significant financial strain.
The median home value in ZIP 11941 stands at $806,774, which is indicative of a higher-end real estate market. However, the FMR and market rent figures show only a slight discrepancy, with the market rent being just $44 above the FMR. This minimal spread ensures that landlords participating in the Section 8 program can maintain steady cash flow while also benefiting from the stability provided by government-backed rental payments.
Although there is no specific data on price-cut share or days on market (DOM), the high median income of $123,750 suggests that the area has a strong economic foundation. With a renter share of 13.3%, it indicates that a significant portion of the population is likely to seek affordable housing options, making Section 8 properties attractive to potential tenants.
To summarize, ZIP 11941 is best suited as a cash-flow anchor within a Section 8 portfolio strategy. The close alignment between FMR and market rent, combined with the high median income, ensures that landlords can rely on consistent rental income without the need for substantial price adjustments. This makes it an ideal location for securing stable returns and managing risk within a broader investment portfolio.
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.