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 | $1,800 |
| 1 Bedroom | $2,150 |
| 2 Bedrooms | $2,480 |
| 3 Bedrooms | $3,210 |
| 4 Bedrooms | $3,400 |
| 5 Bedrooms | $3,944 |
| 6 Bedrooms | $4,417 |
| 7 Bedrooms | $4,770 |
| 8 Bedrooms | $5,009 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $2,480 | $422,975 | 0.59% | F |
| 3BR | $3,210 | $500,801 | 0.64% | D |
| 4BR | $3,400 | $567,749 | 0.6% | F |
| 5BR | $3,944 | $587,119 | 0.67% | D |
U.S. Census Bureau data (2024)
The economics of Section 8 in ZIP code 11950, located in Mastic, NY, within Suffolk County, are straightforward. The SAFMR (Section 8 Area Fair Market Rent) for a two-bedroom apartment is set at $2600 per month for the fiscal year 2024. This SAFMR is specifically tailored for this ZIP code, ensuring it reflects the local rental market conditions accurately.
In comparison, the local market rent for a two-bedroom unit is $1,989 according to the Census ACS data. This difference between the SAFMR and the actual market rent can be advantageous for landlords participating in the Section 8 program, as they receive a higher reimbursement rate than the typical market rent.
A voucher payment under Section 8 covers a significant portion of the rent, but it's crucial to understand how the total amount is calculated. The voucher pays the difference between the tenant’s portion and the SAFMR, plus utility allowances. For instance, if a tenant is required to pay 30% of their income towards rent, which is often around $570 for a household in this area, the remaining amount up to the SAFMR is covered by the voucher.
This means the landlord would receive the full SAFMR of $2600, with the tenant paying their share directly and the government covering the rest. Utility allowances are also included in the reimbursement, which can vary but typically add an additional $200 to $300 per month to the total reimbursement received by the landlord.
Given these specifics, landlords in ZIP 11950 can expect a reimbursement that exceeds the local market rent by approximately $611 per month for a two-bedroom apartment, assuming the tenant portion is around $570. This creates a surplus, allowing landlords to potentially profit more from Section 8 rentals than from standard market-rate leases.
To summarize, the typical reimbursement gap or surplus for a two-bedroom apartment in ZIP 11950 under the Section 8 program is a positive surplus of about $611 per month, making it a financially beneficial option for landlords in this area.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.