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 | $1,640 |
| 1 Bedroom | $1,770 |
| 2 Bedrooms | $2,160 |
| 3 Bedrooms | $2,950 |
| 4 Bedrooms | $3,410 |
| 5 Bedrooms | $3,956 |
| 6 Bedrooms | $4,431 |
| 7 Bedrooms | $4,785 |
| 8 Bedrooms | $5,024 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $1,770 | $91,627 | 1.93% | A+ |
| 2BR | $2,160 | $179,955 | 1.2% | A |
| 3BR | $2,950 | $367,882 | 0.8% | C |
| 4BR | $3,410 | $585,589 | 0.58% | F |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 33066, which covers Coconut Creek, Florida, is set at $1970 for fiscal year 2024. This figure represents the maximum amount that a landlord can charge for rent under the Section 8 program. It's important to note that this is not the actual rent you will receive, but rather the ceiling on what the government will pay.
In comparison, the local median rent for a two-bedroom apartment in ZIP 33066 is approximately $2,058, based on the ZORI (Zillow Observed Rent Index). This indicates that the market rent is slightly higher than the FMR, meaning you might have to accept a lower-than-market rent if you choose to participate in the Section 8 program.
The demand for affordable housing in Coconut Creek is substantial, with renters comprising about 16.6% of the total housing market. This suggests that there is a significant number of potential tenants who would be interested in your property if it were part of the Section 8 program.
When considering whether to enroll your property in the Section 8 program, it's also crucial to think about the initial investment. The average price for a home in this area is around $201,332. If you're looking to acquire a property specifically for the Section 8 program, ensure that the purchase price aligns with your financial goals and that the property meets the necessary standards for participation.
Before making the final decision to enter the Section 8 program, you must verify that your property complies with HUD's Housing Quality Standards (HQS). These standards ensure that the rental unit is safe, decent, and sanitary for tenants. Non-compliance can result in penalties or exclusion from the program.
In summary, the FMR of $1970 sets the maximum allowable rent under the Section 8 program, while the local median rent is $2,058. With a renter share of 16.6%, there is a solid demand for affordable housing in the area. Given an average home price of $201,332, make sure your property meets HQS requirements before enrolling it in the program.
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.