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 | $2,080 |
| 1 Bedroom | $2,420 |
| 2 Bedrooms | $2,850 |
| 3 Bedrooms | $3,660 |
| 4 Bedrooms | $3,890 |
| 5 Bedrooms | $4,512 |
| 6 Bedrooms | $5,053 |
| 7 Bedrooms | $5,457 |
| 8 Bedrooms | $5,730 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $3,660 | $1,619,386 | 0.23% | F |
| 4BR | $3,890 | $2,294,237 | 0.17% | F |
| 5BR | $4,512 | $3,838,148 | 0.12% | F |
U.S. Census Bureau data (2024)
The economics of Section 8 in ZIP code 11965 are straightforward. The SAFMR (Standard Amount for Fair Market Rent) for a two-bedroom apartment is set at $2320 per month for fiscal year 2024. This rate is specifically tailored for this ZIP code, reflecting the unique housing market conditions here.
Section 8 vouchers are designed to cover most of the rental cost for eligible tenants. The voucher payment to the landlord consists of the total rent minus the tenant's portion. Typically, the tenant is required to pay 30% of their adjusted income towards rent. If we assume an average adjusted income for a tenant in this area, the math works out as follows:
If a tenant's adjusted monthly income is $1500, they would be responsible for paying 30% of that amount, which is $450. This leaves the voucher program to cover the remaining $1870 of the $2320 rent.
In addition to the base rent, the voucher also includes allowances for utilities. These can vary but often add another $200-$300 to the total reimbursement. Therefore, the actual payment a landlord receives from the voucher program could range from $2070 to $2120 per month for a two-bedroom unit.
The reimbursement gap or surplus depends on the market rent versus the SAFMR. Since the local market rent data is not available, we cannot determine if there is a surplus or deficit. However, if the market rent is below $2320, landlords would receive the full SAFMR plus utility allowances, resulting in a surplus. Conversely, if the market rent exceeds $2320, landlords would face a gap between the market rent and the voucher reimbursement.
To illustrate, if the market rent were $2200, the landlord would receive a surplus of approximately $170-$220 per month after accounting for the voucher reimbursement and utility allowances. On the other hand, if the market rent were $2400, the landlord would face a shortfall of about $80-$230 per month.
It's important to note that the SAFMR for ZIP 11965 is higher than some other areas, which can benefit landlords who might otherwise struggle with lower reimbursements. However, without specific market rent figures, it's challenging to provide a precise surplus or deficit amount.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.