Section 8 Fair Market Rent (FMR) for ZIP 33045 - 2027

FY 2027 Fair Market Rent Rates

2500 FMR (Fair Market Rent) for ZIP 33045 in Florida indicates that the maximum amount a Section 8 tenant can pay towards their rent in this area is $2,500 per month as of the fiscal year 2026. This figure provides a benchmark for landlords considering participation in the program.

While the market rent for ZIP 33045 is listed as N/A, it suggests that there might be limited data available on current market rents, which could indicate either a stable market or a lack of recent transactions.

The median home value is also marked as N/A, which means we cannot determine the average cost of a home in this area based on recent sales. This could affect investment decisions, as understanding the typical home value helps in assessing potential resale values.

With the renter share being N/A, it's unclear what percentage of the population in ZIP 33045 is renting. This information is crucial for landlords looking to gauge the demand for rental properties in the area.

The median income for ZIP 33045 is listed as N/A, which means we don't have specific data on the average earnings of residents. However, knowing the FMR can help infer the income levels needed for tenants to qualify for Section 8 subsidies.

The DOM (Days on Market) for listings in ZIP 33045 is noted as N/A, indicating that we lack specific information on how long properties typically stay on the market. This metric is vital for sellers and investors to understand the speed of the local real estate market.

The price-cut share is also marked as N/A, suggesting that we don't have specific data on the percentage of listings that require price reductions to sell. This can be an indicator of market conditions and the flexibility required when setting asking prices.

Given the specific data available, landlords and small-portfolio investors in ZIP 33045 should consider the $2,500 FMR as a key figure for determining the viability of Section 8 tenants. Despite the limitations in other data points, the FMR provides a solid basis for setting rents and ensuring compliance with HUD guidelines.

Verdict: ZIP 33045 is suitable for Section 8 participation, given the established FMR of $2,500.

Data Sources: FMR data from HUD (2027).

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.