Section 8 Fair Market Rent (FMR) for ZIP 11959 - 2027
Location: Nassau-Suffolk, NY | Metro: Nassau-Suffolk, NY HUD Metro FMR Area
FY 2027 Fair Market Rent Rates
| Unit Size |
Monthly FMR |
| Studio | $2,780 |
| 1 Bedroom | $3,230 |
| 2 Bedrooms | $3,800 |
| 3 Bedrooms | $4,890 |
| 4 Bedrooms | $5,190 |
| 5 Bedrooms | $6,020 |
| 6 Bedrooms | $6,742 |
| 7 Bedrooms | $7,281 |
| 8 Bedrooms | $7,645 |
Demographics & Housing Statistics
U.S. Census Bureau data (2024)
Median Household Income
$88,542
Housing Authorities Serving ZIP 11959
- Town of Islip Housing Authority (Oakdale, NY) - 1,465 Section 8 vouchers
- Town of Brookhaven Dept. of Hsg & Comm Dev (Farmingville, NY) - 1,053 Section 8 vouchers
- Town of Babylon (North Babylon, NY) - 894 Section 8 vouchers
- Town of Huntington Housing Authority (Huntington Station, NY) - 573 Section 8 vouchers
- Town of Southampton (Southampton, NY) - 326 Section 8 vouchers
- North Fork Hsg Alliance Inc (Greenport, NY) - 289 Section 8 vouchers
- Riverhead Housing Development Corproration (Riverhead, NY) - 200 Section 8 vouchers
- Town of East Hampton (East Hampton, NY) - 193 Section 8 vouchers
- Village of Patchogue CDA (Patchogue, NY) - 177 Section 8 vouchers
- Community Development Corp of Long Island (Melville, NY) - 125 Section 8 vouchers
To determine if a landlord should invest in ZIP code 11959 for Section 8 properties, follow this decision tree:
- Does FMR $2620 (ZIP FY 2024) clear debt service on a $2,825,990 property?
- No. The Fair Market Rent (FMR) of $2620 per month would not be sufficient to cover the debt service on a property valued at $2,825,990. Debt service typically includes mortgage payments, property taxes, insurance, and maintenance costs, which would likely exceed the FMR amount.
- Is market rent $3,375 (Census ACS) above, at, or below FMR?
- Above. The market rent of $3,375 is higher than the FMR of $2620, indicating that the area has a strong rental market. This could provide opportunities for landlords outside of Section 8, but it does not directly affect the feasibility of Section 8 investments.
- Are 22.2% renters + N/A-day days on market (DOM) enough demand?
- It depends. With 22.2% of the population being renters, there is a moderate level of rental demand. However, the lack of data on days on market (DOM) makes it difficult to assess how quickly rental units are filled. Without this information, landlords cannot fully gauge the speed and consistency of finding tenants.
Conclusion: For ZIP 11959, the answer to investing in Section 8 properties is a clear no. The FMR of $2620 does not clear the debt service on a $2,825,990 property, making it financially unviable for Section 8. While the market rent is higher, suggesting a robust rental market, the primary concern remains the insufficient FMR to support debt service costs. Additionally, the limited data on tenant turnover rates adds uncertainty to the investment decision.
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.