Section 8 Fair Market Rent (FMR) for ZIP 33071 - 2027

Investment Score for ZIP 33071

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

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

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
1BR	$2,200	$166,934	1.32%	A
2BR	$2,680	$211,047	1.27%	A
3BR	$3,660	$480,558	0.76%	D
4BR	$4,230	$708,732	0.6%	F
5BR	$4,907	$955,395	0.51%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

### Market Analysis for ZIP Code 33071 (Coral Springs, FL) #### Section 8 Voucher Dynamics In ZIP code 33071, the Fair Market Rent (FMR) for a two-bedroom unit is set at $2,660 per month for the year 2026. This amount represents 30.1% of the median household income in Coral Springs, which is $106,149. The FMR is intended to reflect the average rent that voucher holders can afford, but it often falls short of actual market rents. According to Zillow, the median price for a two-bedroom home in this area is $215,933, indicating a price-to-FMR ratio of approximately 6.8 times. This means that the actual market rent for a two-bedroom unit is likely much higher than the FMR. The constraints for voucher holders are significant, as they must find housing that meets both the quality standards set by the Housing Choice Voucher program and the rent limits defined by the FMR. Given the high price-to-FMR ratio, finding suitable units within the voucher limit can be challenging. For instance, a landlord renting a two-bedroom unit at the Zillow median price would need to charge around $1,814 per month to break even on mortgage payments alone, assuming a 4% interest rate and a 30-year fixed mortgage. This is significantly below the FMR, suggesting that many units in this ZIP code may be out of reach for voucher holders. #### Affordability & Renter Profile The renter profile in Coral Springs is diverse, with 35.4% of the population being renters. The occupancy rate of 95.1% indicates a tight rental market, where most available units are occupied. This suggests that there is strong demand for rental properties, which could drive up rents and make it difficult for voucher holders to find affordable housing. Given the median household income of $106,149, the typical renter in Coral Springs is likely to be middle-class individuals or families who can afford higher rents. However, the 30.1% of median income allocated to the FMR for a two-bedroom unit implies that a portion of the population may struggle to find housing that fits their budget. The high price-to-FMR ratio further exacerbates this issue, making it clear that affordability is a significant concern in this market. #### Investor Angle From an investor perspective, the ZIP code 33071 presents a mixed picture. While the median home price is relatively high at $215,933, the FMR provides a benchmark for potential rental income. For a two-bedroom unit, the FMR of $2,660 is well below the median market rent, which is estimated to be around $1,814 based on the Zillow price-to-FMR ratio. This implies that landlords might have difficulty attracting Section 8 tenants if they are charging market rates. To determine whether this ZIP code is cash-flow positive at FMR, we need to consider the costs associated with owning and maintaining a property. Assuming a 4% interest rate on a 30-year fixed mortgage, the monthly mortgage payment for a $215,933 home would be approximately $1,050. Adding property taxes (assuming a 1.5% tax rate), insurance, maintenance, and other expenses, the total cost could easily exceed the FMR. Therefore, it is unlikely that a landlord would be able to achieve positive cash flow solely from Section 8 vouchers at the current FMR levels. #### Specific Actionable Insights 1. **Focus on Smaller Units**: Given the high price-to-FMR ratio, investors should focus on smaller units such as one-bedroom or studio apartments. These units typically have lower FMRs and may be more aligned with the actual rents in the market. For example, the FMR for a one-bedroom unit is $2,170, which is closer to the estimated market rent of $1,814. 2. **Consider Location-Specific Strategies**: Within ZIP code 33071, certain neighborhoods may offer better opportunities for Section 8 tenants. Areas with lower property values or higher concentrations of renters might provide more affordable options. Investors should conduct a detailed neighborhood analysis to identify these pockets of opportunity. 3. **Rent Stabilization Policies**: Given the tight rental market and high demand, local rent stabilization policies might be implemented to protect tenants from rapid rent increases. Investors should monitor any changes in local regulations that could impact their ability to charge market rents. #### Bottom Line Based on the analysis, the recommendation for Section 8-focused investors in ZIP code 33071 is to **Skip**. The high price-to-FMR ratio and tight rental market make it challenging to find properties that are both affordable for voucher holders and profitable for investors. While there may be some niche opportunities, the overall market conditions do not favor Section 8 investments in this ZIP code. Investors should consider other areas with more favorable FMR-to-market rent ratios or explore alternative investment strategies that align better with the current market dynamics.

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.