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Nassau County/Hicksville/11815

11815

ZIPFMR
Nassau County, NY
Zillow
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ZIP Investment Score

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095130300
BRFMR
Eff. Rent
0 BR$1,964$2,160
1 BR$2,285$2,510
2 BR$2,689$2,960
3 BR$3,458$3,800
4 BR$3,671$4,040
5 BR$4,222Not available
6 BR$4,855Not available
7 BR$5,583Not available
8 BR$6,421Not available

Purchase Price Calculator

Maximum purchase price
$377,938

Cost breakdown

+Likely effective rent$2,960
HUD FMR$2,689
Market rent$4,530
Est. payment standard (110%)Used$2,960
-Principal and interest-$1,911
Loan amount$302,351
Down payment$75,588
Rate6.50%
Term30 years
-Operating costs-$849
Property taxes-$378
Insurance-$175
Utilities$0
HOA$0
Management-$296
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$47,092(62.3% ROI)
Projected value
$406,998
Return breakdown
Property appreciation+$29,060
Loan principal paid down+$10,832
Rental cash flow+$7,200
5-year hold
+$80,981(107.1% ROI)
Projected value
$427,602
Return breakdown
Property appreciation+$49,664
Loan principal paid down+$19,317
Rental cash flow+$12,000
10-year hold
+$175,884(232.7% ROI)
Projected value
$483,793
Return breakdown
Property appreciation+$105,855
Loan principal paid down+$46,029
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.77
1 BR
0.73
2 BR
0.59
3 BR
0.71
4 BR
0.69
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
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Tax rate
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Mortgage rate
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ZIP 11815 fair market rent, FY 2027

For FY 2027, HUD's Fair Market Rent for a two-bedroom unit in ZIP 11815 (Hicksville, NY) is $2,689 a month. That is down 2.1% from $2,747 in FY 2026. Hicksville is in the Nassau-Suffolk, NY HUD Metro FMR Area. The median county two-bedroom FMR in New York is $1,385, so ZIP 11815 is 94% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 11815
BedroomsFY 2027Change90–110% range
Studio$1,964−1.4%$1,768–$2,160
1BR$2,285−4.0%$2,057–$2,514
2BR$2,689−2.1%$2,420–$2,958
3BR$3,458−2.9%$3,112–$3,804
4BR$3,671−2.6%$3,304–$4,038

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 11815
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,964$2,285$2,689$3,458$3,671
FY 2026$1,992$2,379$2,747$3,563$3,768
FY 2025$1,848$2,241$2,586$3,352$3,591
FY 2024$1,708$2,144$2,508$3,246$3,521
FY 2023$1,536$1,914$2,297$2,952$3,245

Questions about ZIP 11815 rents

How much will Section 8 pay for a two-bedroom in ZIP 11815?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,689, that basic range is $2,420 to $2,958 a month. 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 11815 in?

ZIP 11815 is in the Nassau-Suffolk, NY HUD Metro FMR Area. Small Area FMRs are not mandatory in this area.

How much did fair market rent change in ZIP 11815 for FY 2027?

The two-bedroom FMR fell 2.1%, from $2,747 in FY 2026 to $2,689 in FY 2027. Since FY 2023 it has risen 17.1%.

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 Fair Market Rents. 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 rentHicksville, NY fair market rentNY statewide rentsWhat is SAFMR?Data sources