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Wantagh, NY

CitySAFMR
Nassau County
Found 1 ZIP

City Median Investment Score

55Below average

095130300
BRFMR
Eff. Rent
0 BR$2,080$2,150
1 BR$2,420$2,620
2 BR$2,850$3,140
3 BR$3,670$4,040
4 BR$3,890$4,280
5 BR$4,474Not available
6 BR$5,145Not available
7 BR$5,916Not available
8 BR$6,804Not available

Purchase Price Calculator

Maximum purchase price
$404,686

Cost breakdown

+Likely effective rent$3,140
HUD FMR$2,850
Market rent$3,630
Est. payment standard (110%)Used$3,140
-Principal and interest-$2,046
Loan amount$323,749
Down payment$80,937
Rate6.50%
Term30 years
-Operating costs-$894
Property taxes-$405
Insurance-$175
Utilities$0
HOA$0
Management-$314
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$49,916(61.7% ROI)
Projected value
$435,803
Return breakdown
Property appreciation+$31,117
Loan principal paid down+$11,599
Rental cash flow+$7,200
5-year hold
+$85,863(106.1% ROI)
Projected value
$457,865
Return breakdown
Property appreciation+$53,179
Loan principal paid down+$20,684
Rental cash flow+$12,000
10-year hold
+$186,633(230.6% ROI)
Projected value
$518,033
Return breakdown
Property appreciation+$113,346
Loan principal paid down+$49,287
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.95
1 BR
0.89
2 BR
0.79
3 BR
0.80
4 BR
0.77
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

Wantagh, NY fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Wantagh, NY is $2,850 a month. That is down 3.7% from $2,960 in FY 2026. Wantagh 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 Wantagh is 106% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for Wantagh, NY
BedroomsFY 2027Change90–110% range
Studio$2,080−3.3%$1,872–$2,288
1BR$2,420−5.5%$2,178–$2,662
2BR$2,850−3.7%$2,565–$3,135
3BR$3,670−4.4%$3,303–$4,037
4BR$3,890−4.2%$3,501–$4,279

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for Wantagh, NY
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,080$2,420$2,850$3,670$3,890
FY 2026$2,150$2,560$2,960$3,840$4,060
FY 2025$1,940$2,350$2,710$3,510$3,760
FY 2024$1,760$2,210$2,590$3,350$3,640
FY 2023$1,580$1,980$2,370$3,050$3,350

Questions about Wantagh, NY rents

How much will Section 8 pay for a two-bedroom in Wantagh, 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 $2,850 it would be $2,565 to $3,135. 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 Wantagh, NY in?

Wantagh, 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 Wantagh, NY for FY 2027?

The two-bedroom FMR fell 3.7%, from $2,960 in FY 2026 to $2,850 in FY 2027. Since FY 2023 it has risen 20.3%.

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