Location: Nassau-Suffolk, NY | Metro: Nassau-Suffolk, NY HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,880 |
| 1 Bedroom | $2,190 |
| 2 Bedrooms | $2,580 |
| 3 Bedrooms | $3,310 |
| 4 Bedrooms | $3,520 |
| 5 Bedrooms | $4,083 |
| 6 Bedrooms | $4,573 |
| 7 Bedrooms | $4,939 |
| 8 Bedrooms | $5,186 |
U.S. Census Bureau data (2024)
ZIP code 11973, located within the Nassau-Suffolk, NY HUD Metro FMR Area, has a Fair Market Rent (FMR) of $2,480 for FY 2024. This figure is slightly below the FY 2025 FMR for a two-bedroom unit in the broader Nassau-Suffolk region, which stands at $2,586. Market rent and home value data for ZIP 11973 are currently unavailable, but we can infer its position within the metro area based on the FMR alone.
The FMR is a critical benchmark for determining the payment standard for Housing Choice Vouchers (Section 8) and other federal housing assistance programs. It represents the estimated 40th percentile gross rent for standard quality units within a metropolitan area. In the context of the Nassau-Suffolk, NY HUD Metro FMR Area, ZIP 11973's FMR suggests it is a mid-tier neighborhood. This is because its FMR is close to the average for the area, indicating neither exceptionally low nor high rental rates compared to the broader market.
Without specific market rent and home value figures for ZIP 11973, it is difficult to pinpoint whether it is a value pocket or a premium sub-market. However, if ZIP 11973 were to have a higher-than-average renter share combined with below-average home values, it would signal a potential sweet spot for Section 8 investments. Unfortunately, the lack of data for market rent and home value prevents us from making such a determination.
To conclude, ZIP 11973 appears to be a mid-tier neighborhood within the Nassau-Suffolk, NY HUD Metro FMR Area based on its FMR. To gain a more precise understanding of its status as a value pocket or premium sub-market, additional data on market rent and home values would be required.
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.