Location: Nassau-Suffolk, NY | Metro: Nassau-Suffolk, NY HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,880 |
| 1 Bedroom | $2,180 |
| 2 Bedrooms | $2,570 |
| 3 Bedrooms | $3,310 |
| 4 Bedrooms | $3,510 |
| 5 Bedrooms | $4,072 |
| 6 Bedrooms | $4,561 |
| 7 Bedrooms | $4,926 |
| 8 Bedrooms | $5,172 |
U.S. Census Bureau data (2024)
The ZIP code 11947, located within the Nassau-Suffolk, NY HUD Metro FMR Area, presents a strategic opportunity for landlords and small-portfolio investors looking to anchor their cash flow. This ZIP code's Fair Market Rent (FMR) for fiscal year 2024 is set at $2470, which aligns closely with the rental market dynamics.
Despite the lack of specific market data such as median home values and median incomes, the FMR provides a reliable benchmark for rental pricing. Landlords can confidently set their rents around this figure to ensure steady cash flow without the risk of significant vacancy rates due to overpricing. The absence of detailed market data suggests that this area might be less speculative, making it an ideal candidate for anchoring a portfolio with predictable returns.
The high renter share of 63.8% indicates a strong demand for rental properties in this ZIP code. This statistic supports the idea that 11947 is a stable cash flow anchor because it ensures a consistent pool of potential tenants. High renter occupancy also reduces the likelihood of prolonged vacancies, which is crucial for maintaining positive cash flow.
In conclusion, ZIP 11947 serves best as a cash flow anchor within a Section 8 portfolio strategy. The defined FMR of $2470 guides landlords to set realistic rental prices, while the significant renter share of 63.8% guarantees a steady stream of tenants, ensuring predictability and reliability in income generation.
Data Sources: FMR data from HUD (2027). 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.