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Suffolk County/Wainscott/11975

11975

ZIPSAFMR
Suffolk County, NY
Zillow

ZIP Investment Score

50Below average

095130300
BRFMR
Eff. Rent
0 BR$2,530$2,780
1 BR$2,940$3,230
2 BR$3,470$3,820
3 BR$4,460$4,910
4 BR$4,730$5,200
5 BR$5,440Not available
6 BR$6,255Not available
7 BR$7,194Not available
8 BR$8,273Not available

Purchase Price Calculator

Maximum purchase price
$505,734

Cost breakdown

+Likely effective rent$3,820
HUD FMR$3,470
Market rent$11,200
Est. payment standard (110%)Used$3,820
-Principal and interest-$2,557
Loan amount$404,587
Down payment$101,147
Rate6.50%
Term30 years
-Operating costs-$1,063
Property taxes-$506
Insurance-$175
Utilities$0
HOA$0
Management-$382
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$60,582(59.9% ROI)
Projected value
$544,620
Return breakdown
Property appreciation+$38,886
Loan principal paid down+$14,495
Rental cash flow+$7,200
5-year hold
+$104,307(103.1% ROI)
Projected value
$572,192
Return breakdown
Property appreciation+$66,458
Loan principal paid down+$25,849
Rental cash flow+$12,000
10-year hold
+$227,242(224.7% ROI)
Projected value
$647,382
Return breakdown
Property appreciation+$141,648
Loan principal paid down+$61,594
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.23
1 BR
0.26
2 BR
0.31
3 BR
0.35
4 BR
0.32
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 11975 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 11975 (Wainscott, NY) is $3,470 a month. That is down 2.3% from $3,550 in FY 2026. Wainscott 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, 11975 is tied for the 8th-highest two-bedroom rent (county range $2,480–$3,920). The median county two-bedroom FMR in New York is $1,385, so ZIP 11975 is 151% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 11975
BedroomsFY 2027Change90–110% range
Studio$2,530−1.9%$2,277–$2,783
1BR$2,940−4.5%$2,646–$3,234
2BR$3,470−2.3%$3,123–$3,817
3BR$4,460−3.3%$4,014–$4,906
4BR$4,730−3.1%$4,257–$5,203

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 11975
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,530$2,940$3,470$4,460$4,730
FY 2026$2,580$3,080$3,550$4,610$4,880
FY 2025$2,340$2,830$3,270$4,240$4,540
FY 2024$2,150$2,690$3,150$4,080$4,420
FY 2023$1,860$2,320$2,780$3,570$3,930

Two-bedroom rent in nearby Suffolk County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 11975
11967$2,630−24.2%
11968$2,620−24.5%
11969$2,670−23.1%
11970$2,670−23.1%
11971$2,670−23.1%
11972$2,670−23.1%
11973$2,580−25.6%
11975Current$3,470—
11976$2,920−15.9%
11977$2,730−21.3%
11978$2,590−25.4%
11980$3,280−5.5%

Questions about ZIP 11975 rents

How much will Section 8 pay for a two-bedroom in ZIP 11975?

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 $3,470 it would be $3,123 to $3,817. 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 11975 in?

ZIP 11975 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 11975 for FY 2027?

The two-bedroom FMR fell 2.3%, from $3,550 in FY 2026 to $3,470 in FY 2027. Since FY 2023 it has risen 24.8%.

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