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Suffolk County/Centereach/11720

11720

ZIPSAFMR
Suffolk County, NY
Zillow

ZIP Investment Score

60Below average

095130300
BRFMR
Eff. Rent
0 BR$1,880$2,070
1 BR$2,190$2,350
2 BR$2,580$2,810
3 BR$3,320$3,650
4 BR$3,520$3,870
5 BR$4,048Not available
6 BR$4,655Not available
7 BR$5,353Not available
8 BR$6,157Not available

Purchase Price Calculator

Maximum purchase price
$355,648

Cost breakdown

+Likely effective rent$2,810
HUD FMR$2,580
Market rent$2,940
Est. payment standard (109%)Used$2,810
-Principal and interest-$1,798
Loan amount$284,519
Down payment$71,130
Rate6.50%
Term30 years
-Operating costs-$812
Property taxes-$356
Insurance-$175
Utilities$0
HOA$0
Management-$281
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$44,740(62.9% ROI)
Projected value
$382,994
Return breakdown
Property appreciation+$27,346
Loan principal paid down+$10,194
Rental cash flow+$7,200
5-year hold
+$76,913(108.1% ROI)
Projected value
$402,383
Return breakdown
Property appreciation+$46,735
Loan principal paid down+$18,178
Rental cash flow+$12,000
10-year hold
+$166,926(234.7% ROI)
Projected value
$455,260
Return breakdown
Property appreciation+$99,612
Loan principal paid down+$43,315
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.87
1 BR
0.90
2 BR
0.88
3 BR
0.87
4 BR
0.78
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 11720 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 11720 (Centereach, NY) is $2,580 a month. That is down 4.8% from $2,710 in FY 2026. Centereach 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, 11720 is tied for the 83rd-highest two-bedroom rent (county range $2,480–$3,920). The median county two-bedroom FMR in New York is $1,385, so ZIP 11720 is 86% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 11720
BedroomsFY 2027Change90–110% range
Studio$1,880−4.6%$1,692–$2,068
1BR$2,190−6.8%$1,971–$2,409
2BR$2,580−4.8%$2,322–$2,838
3BR$3,320−5.7%$2,988–$3,652
4BR$3,520−5.4%$3,168–$3,872

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 11720
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,880$2,190$2,580$3,320$3,520
FY 2026$1,970$2,350$2,710$3,520$3,720
FY 2025$1,850$2,240$2,590$3,360$3,600
FY 2024$1,750$2,200$2,570$3,330$3,610
FY 2023$1,570$1,960$2,350$3,020$3,320

Two-bedroom rent in nearby Suffolk County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 11720
11713$3,520+36.4%
11715$2,760+7.0%
11716$2,930+13.6%
11717$2,480−3.9%
11718$2,480−3.9%
11719$3,020+17.1%
11720Current$2,580—
11721$3,840+48.8%
11722$2,760+7.0%
11724$3,180+23.3%
11725$2,950+14.3%
11726$2,480−3.9%

Questions about ZIP 11720 rents

How much will Section 8 pay for a two-bedroom in ZIP 11720?

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 $2,580 it would be $2,322 to $2,838. 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 11720 in?

ZIP 11720 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 11720 for FY 2027?

The two-bedroom FMR fell 4.8%, from $2,710 in FY 2026 to $2,580 in FY 2027. Since FY 2023 it has risen 9.8%.

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