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: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $3,790 | $1,444,380 | 0.26% | F |
U.S. Census Bureau data (2024)
The ZIP code 11957 represents a residential area characterized by a relatively small population of 1,121 individuals. This neighborhood stands out due to its low percentage of renters at just 3.4%, indicating a predominantly owner-occupied community. The median household income in this area is strong, at $94,261, which places it above the national average. Additionally, the median home value is exceptionally high, reaching $1,504,096, reflecting a high-end residential market.
Turning to the economic realities of renting in 11957, the Fair Market Rent (FMR) as of the fiscal year 2024 is set at $2,390. However, the lack of available market rent data suggests that rental properties might be scarce, making it challenging to compare the FMR against actual market rates. Given the limited number of renters and the high median home value, it's reasonable to infer that the rental market in this area caters primarily to higher-income tenants or those seeking luxury accommodations.
Considering these factors, ZIP 11957 may not be an ideal location for hands-off voucher operators due to the low demand for rental units and the potential difficulty in finding suitable properties for the Section 8 program. Instead, the area seems better suited for hands-on value-add buyers who can target the niche market of luxury rentals. These investors would benefit from the high median income of residents and the ability to offer premium rental properties that cater to the specific needs of the local market.
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.