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 | $2,050 |
| 1 Bedroom | $2,220 |
| 2 Bedrooms | $2,710 |
| 3 Bedrooms | $3,700 |
| 4 Bedrooms | $4,280 |
| 5 Bedrooms | $4,965 |
| 6 Bedrooms | $5,561 |
| 7 Bedrooms | $6,006 |
| 8 Bedrooms | $6,306 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $2,220 | $184,897 | 1.2% | A |
| 2BR | $2,710 | $265,358 | 1.02% | B |
| 3BR | $3,700 | $607,684 | 0.61% | D |
| 4BR | $4,280 | $775,452 | 0.55% | F |
| 5BR | $4,965 | $1,401,832 | 0.35% | F |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 33067, which includes Parkland, FL, is set at $2540 for fiscal year 2024. This figure represents the payment standard for Section 8 housing assistance in the area and is not the amount you will receive as rent. The FMR is used to determine the maximum rent that can be charged for a Section 8 unit, ensuring it does not exceed the average market rate.
In comparison, the local Zillow Observed Rent Index (ZORI) for Parkland, FL, stands at $2,347. This indicates that the FMR is slightly higher than the typical rent observed in the area, giving you a competitive edge when renting out your property through the Section 8 program.
The 26.1% renter share in Parkland, FL, suggests a moderate demand for rental properties. While not overwhelming, there is a significant portion of the population seeking rental options, making it a viable market for Section 8 rentals.
When considering the acquisition cost of a property in this area, the median home value of $740,659 is an important factor. This high price point might make it challenging to find affordable properties suitable for the Section 8 program, but it also highlights the potential for long-term investment value in the area.
Before proceeding with a Section 8 rental, ensure that the property meets the Housing Quality Standards (HQS) required by the program. These standards cover safety, health, and structural conditions of the property, and passing the HQS inspection is mandatory for participation in the Section 8 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.