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Suffolk County/Bohemia/11716

11716

ZIPSAFMR
Suffolk County, NY
Zillow

ZIP Investment Score

56Below average

095130300
BRFMR
Eff. Rent
0 BR$2,140$2,160
1 BR$2,490$2,460
2 BR$2,930$2,990
3 BR$3,770$3,840
4 BR$4,000$3,970
5 BR$4,600Not available
6 BR$5,290Not available
7 BR$6,083Not available
8 BR$6,996Not available

Purchase Price Calculator

Maximum purchase price
$382,396

Cost breakdown

+Likely effective rent$2,990
HUD FMR$2,930
Market rent$3,020
Est. payment standard (102%)Used$2,990
-Principal and interest-$1,934
Loan amount$305,917
Down payment$76,479
Rate6.50%
Term30 years
-Operating costs-$856
Property taxes-$382
Insurance-$175
Utilities$0
HOA$0
Management-$299
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$47,563(62.2% ROI)
Projected value
$411,799
Return breakdown
Property appreciation+$29,403
Loan principal paid down+$10,960
Rental cash flow+$7,200
5-year hold
+$81,795(107.0% ROI)
Projected value
$432,646
Return breakdown
Property appreciation+$50,250
Loan principal paid down+$19,545
Rental cash flow+$12,000
10-year hold
+$177,676(232.3% ROI)
Projected value
$489,500
Return breakdown
Property appreciation+$107,103
Loan principal paid down+$46,572
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.99
1 BR
1.01
2 BR
0.97
3 BR
0.97
4 BR
1.01
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 11716 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 11716 (Bohemia, NY) is $2,930 a month. That is down 1.7% from $2,980 in FY 2026. Bohemia 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. Among 111 ZIP codes in Suffolk County, 11716 is tied for the 34th-highest two-bedroom rent (county range $2,480–$3,920). The median county two-bedroom FMR in New York is $1,385, so ZIP 11716 is 112% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 11716
BedroomsFY 2027Change90–110% range
Studio$2,140−0.9%$1,926–$2,354
1BR$2,490−3.5%$2,241–$2,739
2BR$2,930−1.7%$2,637–$3,223
3BR$3,770−2.6%$3,393–$4,147
4BR$4,000−2.2%$3,600–$4,400

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 11716
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,140$2,490$2,930$3,770$4,000
FY 2026$2,160$2,580$2,980$3,870$4,090
FY 2025$2,000$2,430$2,800$3,630$3,890
FY 2024$1,830$2,290$2,680$3,470$3,760
FY 2023$1,590$1,980$2,380$3,060$3,360

Two-bedroom rent in nearby Suffolk County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 11716
11706$2,480−15.4%
11713$3,520+20.1%
11715$2,760−5.8%
11716Current$2,930—
11717$2,480−15.4%
11718$2,480−15.4%
11719$3,020+3.1%
11720$2,580−11.9%
11721$3,840+31.1%
11722$2,760−5.8%
11724$3,180+8.5%
11725$2,950+0.7%

Questions about ZIP 11716 rents

How much will Section 8 pay for a two-bedroom in ZIP 11716?

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 $2,930 it would be $2,637 to $3,223. 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 ZIP 11716 in?

ZIP 11716 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 ZIP 11716 for FY 2027?

The two-bedroom FMR fell 1.7%, from $2,980 in FY 2026 to $2,930 in FY 2027. Since FY 2023 it has risen 23.1%.

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 rentBohemia, NY fair market rentNY statewide rentsWhat is SAFMR?Data sources