Location: Fort Lauderdale, FL | Metro: Fort Lauderdale, FL HUD Metro FMR Area
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $2,030 |
| 1 Bedroom | $2,200 |
| 2 Bedrooms | $2,680 |
| 3 Bedrooms | $3,660 |
| 4 Bedrooms | $4,230 |
| 5 Bedrooms | $4,907 |
| 6 Bedrooms | $5,496 |
| 7 Bedrooms | $5,936 |
| 8 Bedrooms | $6,233 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $2,200 | $247,234 | 0.89% | C |
| 2BR | $2,680 | $449,737 | 0.6% | F |
| 3BR | $3,660 | $1,069,094 | 0.34% | F |
| 4BR | $4,230 | $1,571,264 | 0.27% | F |
| 5BR | $4,907 | $3,326,174 | 0.15% | F |
U.S. Census Bureau data (2024)
Pompano Beach, FL, ZIP code 33062, is a diverse residential area with a total population of 24,920. The neighborhood has a significant rental market, with 31.1% of residents being renters. The median household income in this area is $83,582, indicating a middle-class community capable of supporting various housing options. Median home values stand at $477,148, reflecting a stable real estate market where property ownership is valued.
The rent economics in ZIP 33062 present an interesting opportunity for investors. The Fair Market Rent (FMR) for the area, which is set by the U.S. Department of Housing and Urban Development (HUD) for fiscal year 2024, is $2,310. This figure represents the maximum amount that a voucher holder can pay toward their rent. In contrast, the market rent, measured by the Zillow Observed Rent Index (ZORI), is $2,726. This means that landlords who accept Section 8 vouchers can expect to receive a lower rent payment compared to the market rate.
Given these economic factors, ZIP 33062 is more suited for hands-off voucher operators rather than hands-on value-add buyers. The difference between the FMR and the market rent suggests that landlords will need to manage their properties efficiently to maintain profitability while accepting lower rents through the voucher program. However, the relatively high median income and home values indicate a strong local economy, which supports the stability of the rental market and the likelihood of consistent tenant payments.
For those considering entering the Section 8 market in ZIP 33062, it is important to understand the local dynamics. While the rent controlled by vouchers is lower than the market rate, the neighborhood's characteristics make it a reliable investment. Landlords should be prepared to comply with HUD regulations and work with tenants who have access to rental assistance. On the other hand, value-add investors looking to renovate and increase rents beyond the FMR might find limited opportunities due to the discrepancy between the FMR and market rates.
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.