FMR is below market; voucher rent may lag private rents.
0.78
1 BR
1 BR
0.73ratio
FMR$2,300
Market$3,140
vs market-$840
FMR is below market; voucher rent may lag private rents.
0.73
2 BR
2 BR
0.60ratio
FMR$2,710
Market$4,530
vs market-$1,820
FMR is below market; voucher rent may lag private rents.
0.60
3 BR
3 BR
0.72ratio
FMR$3,490
Market$4,870
vs market-$1,380
FMR is below market; voucher rent may lag private rents.
0.72
4 BR
4 BR
0.70ratio
FMR$3,700
Market$5,310
vs market-$1,610
FMR is below market; voucher rent may lag private rents.
0.70
0.700.800.901.001.101.201.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
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ZIP 11773 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 11773 (Melville, NY) is $2,710 a month. That is down 2.5% from $2,780 in FY 2026. Melville 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 86 ZIP codes in Nassau County, 11773 is tied for the 53rd-highest two-bedroom rent (county range $2,480–$4,030). The median county two-bedroom FMR in New York is $1,385, so ZIP 11773 is 96% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 11773
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$2,020
$1,980
−2.0%
$1,782–$2,178
1BR
$2,410
$2,300
−4.6%
$2,070–$2,530
2BR
$2,780
$2,710
−2.5%
$2,439–$2,981
3BR
$3,610
$3,490
−3.3%
$3,141–$3,839
4BR
$3,810
$3,700
−2.9%
$3,330–$4,070
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 11773
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,980
$2,300
$2,710
$3,490
$3,700
FY 2026
$2,020
$2,410
$2,780
$3,610
$3,810
FY 2025
$1,880
$2,280
$2,630
$3,410
$3,650
FY 2024
$1,740
$2,180
$2,550
$3,300
$3,580
FY 2023
$1,560
$1,950
$2,340
$3,010
$3,310
Two-bedroom rent in nearby Nassau County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 11773?
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 $2,710 it would be $2,439 to $2,981. 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 11773 in?
ZIP 11773 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 11773 for FY 2027?
The two-bedroom FMR fell 2.5%, from $2,780 in FY 2026 to $2,710 in FY 2027. Since FY 2023 it has risen 15.8%.
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