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 | $1,990 |
| 1 Bedroom | $2,320 |
| 2 Bedrooms | $2,730 |
| 3 Bedrooms | $3,510 |
| 4 Bedrooms | $3,730 |
| 5 Bedrooms | $4,327 |
| 6 Bedrooms | $4,846 |
| 7 Bedrooms | $5,234 |
| 8 Bedrooms | $5,496 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $2,730 | $939,134 | 0.29% | F |
| 3BR | $3,510 | $1,210,180 | 0.29% | F |
| 4BR | $3,730 | $1,757,570 | 0.21% | F |
| 5BR | $4,327 | $2,478,315 | 0.17% | F |
U.S. Census Bureau data (2024)
2570 is the Fair Market Rent (FMR) for ZIP code 11977 in Westhampton, NY, for fiscal year 2024. This figure represents the maximum amount that a landlord can charge for a Section 8 voucher holder. 39500 is the Zillow Observed Rental Index (ZORI), indicating the average market rent for properties in this area. Comparing these two numbers, it's evident that landlords can expect a significant difference between the market rate and the subsidized rent rates. 1392570 is the median home value, which suggests a relatively high-end market where investment properties can command premium rents. However, only 6.0% of the population are renters, indicating a lower demand for rental properties compared to owner-occupied homes. The median income in the area is 151375, which is above the national average, supporting the higher cost of living and property values. While the Days on Market (DOM) data is not available, the low 0.1% price-cut share indicates that properties in this area are likely selling close to their asking price, reflecting a strong local real estate market. For landlords and small-portfolio investors considering Section 8 participation, the gap between the FMR and the ZORI presents an opportunity to offer affordable housing while maintaining competitive rental yields. The high median home value and income levels suggest a stable economic environment, conducive to long-term investment. However, the limited renter share may necessitate a strategic approach to attract and retain tenants. In conclusion, the data points to a favorable climate for Section 8 investments, with a strong emphasis on property management to maintain occupancy and leverage the market conditions.
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.