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NY/Nassau County/Great Neck

Great Neck, NY

CitySAFMR
Nassau County
Found 5 ZIPs
Zillow

City Median Investment Score

48Below average

095130300
BRFMR
Eff. Rent
0 BR$1,880 – $2,450$2,070 – $2,590
1 BR$2,180 – $2,860$2,400 – $3,010
2 BR$2,570 – $3,360$2,830 – $3,700
3 BR$3,310 – $4,320$3,640 – $4,690
4 BR$3,510 – $4,590$3,860 – $5,050
5 BR$4,382Not available
6 BR$5,039Not available
7 BR$5,795Not available
8 BR$6,664Not available

Public Housing Authority

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Rolodex

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Market Alignment

Studio
2
2
0.78-1.09
1 BR
2
0.73-0.98
2 BR
3
0.59-0.84
3 BR
2
0.62-0.88
4 BR
3
0.54-0.70
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
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Tax rate
--
Mortgage rate
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Great Neck, NY fair market rent, FY 2027

For FY 2027, HUD's two-bedroom Small Area Fair Market Rent across the 5 ZIP codes in Great Neck, NY ranges from $2,570 to $3,360 a month, with a median of $2,790. That is down 3.5% from $2,890 in FY 2026. Great Neck is in the Nassau-Suffolk, NY HUD Metro FMR Area. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the metro-wide two-bedroom FMR of $2,689. The median county two-bedroom FMR in New York is $1,385, so Great Neck is 101% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for Great Neck, NY
BedroomsFY 2027Change90–110% range
Studio$2,040−2.4%$1,836–$2,244
1BR$2,370−5.2%$2,133–$2,607
2BR$2,790−3.5%$2,511–$3,069
3BR$3,590−4.3%$3,231–$3,949
4BR$3,810−4.0%$3,429–$4,191

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for Great Neck, NY
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,040$2,370$2,790$3,590$3,810
FY 2026$2,090$2,500$2,890$3,750$3,970
FY 2025$1,930$2,350$2,800$3,600$3,960
FY 2024$1,940$2,440$2,850$3,690$4,000
FY 2023$1,680$2,100$2,520$3,220$3,520

Two-bedroom rent by ZIP code

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. median
11020$3,360+20.4%
11024$3,220+15.4%
11023$2,7900.0%
11022$2,710−2.9%
11021$2,570−7.9%

Questions about Great Neck, NY rents

How much will Section 8 pay for a two-bedroom in Great Neck, NY?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $2,689, which applies unless the housing authority uses Small Area FMRs, that basic range is $2,420 to $2,958 a month; under the ZIP-level Small Area FMR of $2,790 it would be $2,511 to $3,069. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.

Which HUD fair market rent area is Great Neck, NY in?

Great Neck, NY is in the Nassau-Suffolk, NY HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $2,689.

How much did fair market rent change in Great Neck, NY for FY 2027?

The two-bedroom FMR fell 3.5%, from $2,890 in FY 2026 to $2,790 in FY 2027. Since FY 2023 it has risen 10.7%.

When do FY 2027 fair market rents take effect?

HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.

Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set

County fair market rentNY statewide rentsWhat is SAFMR?Data sources