Section 8 Fair Market Rent (FMR) for ZIP 01222 - 2027

Investment Score for ZIP 01222

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,240
1 Bedroom	$1,310
2 Bedrooms	$1,680
3 Bedrooms	$2,280
4 Bedrooms	$2,740
5 Bedrooms	$3,178
6 Bedrooms	$3,559
7 Bedrooms	$3,844
8 Bedrooms	$4,036

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
3BR	$2,280	$429,530	0.53%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

The data provided indicates that the median home value for ZIP code 01222 in Florida is $404,852. However, the search results suggest that the median home value figure might be outdated or incorrect since it does not align with recent reports. According to the latest data from March 2026, the median home price in Florida has risen to $416,800. For the sake of analysis, we will use the provided median home value of $404,852.

The Fair Market Rent (FMR) for a 2-bedroom apartment in ZIP 01222 for FY 2024 is $1460 per month. To annualize this, multiply by 12 months, yielding an annual rental income of $17,520. This implies a gross yield of approximately 4.33%, calculated by dividing the annual rental income by the median home value.

The market rent for the same property is listed as N/A, which means there is insufficient data to determine a typical market rent for a 2-bedroom unit in this ZIP code. This absence of market rent data makes it challenging to provide a meaningful comparison between the Section 8 FMR and market rates.

Given the 0.0% renter density and the lack of days-on-market (DOM) data, it is evident that the rental market in ZIP 01222 is not robust. Therefore, the gross yield derived from the Section 8 FMR ($1460 per month) is likely the most accurate reflection of potential rental income in this area. The low renter density suggests that there is limited demand for rentals, making it unrealistic to expect higher market rents.

To conclude, the gross yield based on the Section 8 FMR is 4.33%. Due to the lack of market rent data and the low renter density, this yield represents the best estimate of rental income potential for this ZIP code. Landlords and small-portfolio investors should consider these factors when evaluating investment opportunities in ZIP 01222.

Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). Demographics from U.S. Census (2024).

About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.