Location: Fort Lauderdale, FL | Metro: Fort Lauderdale, FL HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,740 |
| 1 Bedroom | $1,880 |
| 2 Bedrooms | $2,290 |
| 3 Bedrooms | $3,130 |
| 4 Bedrooms | $3,610 |
| 5 Bedrooms | $4,188 |
| 6 Bedrooms | $4,691 |
| 7 Bedrooms | $5,066 |
| 8 Bedrooms | $5,319 |
U.S. Census Bureau data (2024)
Located in western Broward County, the 33027 ZIP code represents a suburban segment of Miramar characterized by single-family homes and townhouse communities. The area offers a quiet residential atmosphere with convenient access to major thoroughfares like the Miramar Parkway and I-75. A key institutional anchor supporting local stability is the Memorial Hospital Miramar, which serves as a significant employer and healthcare hub for the western communities, contributing to a steady local economic base beyond tourism.
Investors must weigh the sharp disparity between government caps and private market rates. The FY2026 HUD Fair Market Rent for a 2-bedroom unit is set at $2,300, while current market rents (Zillow ZORI) command approximately $2,776. This creates a monthly shortfall of $476, or roughly 17%, meaning Section 8 tenants will likely require a top-up subsidy to compete in the open market. Asset values remain high, with a median home value of $476,117, though sales are moving moderately with a median of 85 days on market.
The local demographic profile suggests a competitive tenant pool. With a median household income of $76,561, the area attracts stable working-class families, yet only 22.2% of residents are renters, limiting the sheer volume of available units compared to dense urban cores. Families are drawn to the neighborhood for highly-rated public schools within the Broward County School District and the proximity to large regional parks, enhancing long-term tenant retention prospects for landlords willing to accept the voucher rate.
The Section 8 verdict for Miramar 33027 is neutral to slightly negative regarding immediate cash flow due to the significant gap between the $2,300 FMR and the $2,776 market rent. However, the low inventory of rentals and high median income signal strong appreciation potential. Investors should view this play as a long-term appreciation hold rather than a monthly cash-flow machine, banking on the area’s stability and institutional employment anchors to drive asset growth over time.
Data Sources: FMR data from HUD (2027). 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.