Section 8 Fair Market Rent (FMR) for ZIP 33069 - 2027
Location: Fort Lauderdale, FL | Metro: Fort Lauderdale, FL HUD Metro FMR Area
FY 2027 Fair Market Rent Rates
| Unit Size |
Monthly FMR |
| Studio | $1,740 |
| 1 Bedroom | $1,880 |
| 2 Bedrooms | $2,300 |
| 3 Bedrooms | $3,140 |
| 4 Bedrooms | $3,630 |
| 5 Bedrooms | $4,211 |
| 6 Bedrooms | $4,716 |
| 7 Bedrooms | $5,093 |
| 8 Bedrooms | $5,348 |
Demographics & Housing Statistics
U.S. Census Bureau data (2024)
Median Household Income
$59,683
Housing Authorities Serving ZIP 33069
To determine if a landlord should invest in ZIP 33069 (Pompano Beach, FL) for Section 8 properties, follow these steps:
- Does the Fair Market Rent (FMR) for 2010 ($771) clear debt service on a $236,081 property?
- Yes: The FMR of $771 is sufficient to cover the average debt service costs associated with a property valued at $236,081. This means that landlords can expect to break even or profit from rental income without relying heavily on other sources.
- No: The FMR of $771 does not cover the debt service on a $236,081 property. Landlords would need to either find ways to reduce their costs or consider other areas where the FMR is higher.
- Is the market rent ($2,131 ZORI) above, at, or below the FMR?
- Above: With a ZORI (Zillow Observed Rental Index) of $2,131, market rents significantly exceed the FMR. This indicates a strong rental market and suggests that landlords could potentially command higher rents outside of Section 8, providing an additional incentive to invest.
- At or Below: If market rents were closer to or below the FMR, landlords might face challenges in finding tenants willing to pay the ZORI rate, making Section 8 a more critical component of the investment strategy.
- Are 49.3% renters + 82-day Days on Market (DOM) enough demand?
- It Depends: A rental rate of 49.3% indicates a moderate level of demand for rental properties. However, the 82-day DOM suggests that it takes about 82 days on average for a rental property to be occupied. This is relatively long and could indicate a lack of demand or difficulty in attracting tenants. Landlords must weigh this against the potential benefits of the area, such as location, amenities, and job opportunities.
In summary, if the FMR of $771 covers debt service for a $236,081 property and market rents are significantly higher, then ZIP 33069 could be a viable investment for Section 8 properties. However, the 82-day DOM and 49.3% rental rate suggest that landlords must carefully evaluate the local market conditions and competition before making a final decision.
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.