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 | $1,950 |
| 1 Bedroom | $2,270 |
| 2 Bedrooms | $2,670 |
| 3 Bedrooms | $3,430 |
| 4 Bedrooms | $3,650 |
| 5 Bedrooms | $4,234 |
| 6 Bedrooms | $4,742 |
| 7 Bedrooms | $5,121 |
| 8 Bedrooms | $5,377 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $3,430 | $1,314,681 | 0.26% | F |
| 4BR | $3,650 | $1,975,315 | 0.18% | F |
| 5BR | $4,234 | $2,951,467 | 0.14% | F |
U.S. Census Bureau data (2024)
The real estate landscape in ZIP 11960 suggests a robust market with significant pricing power for landlords and small-portfolio investors over the next 12-24 months. The median home value stands at $1,778,524, indicating a high-end residential area where demand remains strong despite limited price reductions on listings. Only 0.1% of listings have seen price cuts, which points to sellers maintaining confidence in their asking prices and buyers willing to meet those levels.
Absent median days on market (DOM) data, it's reasonable to infer that homes in this ZIP code sell quickly, often before reaching a stage where significant price negotiations are necessary. This quick turnover, combined with minimal price reductions, signals a seller's market, where landlords can leverage this pricing power to set higher rents or maintain existing rental rates without fear of losing tenants to lower-cost options.
On the rental side, the Fair Market Rent (FMR) for ZIP 11960 in fiscal year 2024 is projected at $2,220. While there is no specific market rent data available, the FMR provides a useful benchmark for landlords. If the actual market rent is below this figure, landlords have an opportunity to increase rents to align with the FMR. Conversely, if market rents already exceed this amount, landlords should be cautious about further increases to avoid pushing potential tenants out of the area.
For long-term investors, the setup implies a steady appreciation thesis. High median home values coupled with low listing reductions suggest that property values are likely to remain stable or even appreciate slightly. However, the lack of detailed market rent data makes it challenging to predict precise rental income growth. Investors should focus on maintaining properties in excellent condition to justify premium rents and consider diversifying their portfolios to include areas with more transparent rental market data.
In summary, ZIP 11960 presents a favorable environment for landlords and small-portfolio investors, with strong pricing power and a positive outlook for property value stability. Rental income is likely to follow the trajectory set by the FMR, providing a solid basis for investment decisions.
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.