Section 8 Fair Market Rent (FMR) for ZIP 33076 - 2027

Investment Score for ZIP 33076

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	$2,640
1 Bedroom	$2,850
2 Bedrooms	$3,480
3 Bedrooms	$4,760
4 Bedrooms	$5,490
5 Bedrooms	$6,368
6 Bedrooms	$7,132
7 Bedrooms	$7,703
8 Bedrooms	$8,088

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
1BR	$2,850	$171,820	1.66%	A+
2BR	$3,480	$539,260	0.65%	D
3BR	$4,760	$554,732	0.86%	C
4BR	$5,490	$843,081	0.65%	D
5BR	$6,368	$1,236,379	0.52%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

### Market Analysis for ZIP Code 33076 (Parkland, FL) #### Section 8 Voucher Dynamics The Fair Market Rent (FMR) for ZIP code 33076 is set by HUD for 2026 as follows: - 0BR: $2610 - 1BR: $2850 - 2BR: $3500 (which represents 23.8% of the median household income) - 3BR: $4820 - 4BR: $5720 These figures represent the maximum rent that a Section 8 voucher holder can pay. However, comparing these FMRs to the actual rental market in Parkland reveals significant disparities. The Zillow median price for a 2BR property is $540,468, which translates into a monthly mortgage payment of approximately $2,600 assuming a 4.5% interest rate and a 20% down payment. This means that even if a property owner were to rent out their 2BR unit at the Zillow median price, the monthly rent would still be below the FMR of $3500. However, the price-to-FMR ratio of 12.9x indicates that the actual market rents are significantly higher than the FMRs. For instance, a typical 2BR unit might command a market rent of around $35,000 annually, or roughly $2,917 per month. This places a substantial constraint on voucher holders, who must find properties willing to accept the lower FMR rates. #### Affordability & Renter Profile Parkland, FL has a population of 44,922, with a median household income of $176,641. Only 15.8% of the population are renters, indicating a relatively low demand for rental units compared to other areas. The occupancy rate stands at 97.1%, suggesting a tight market where most available units are quickly occupied. Given the high median income and low percentage of renters, it is likely that those renting in Parkland are either young professionals, families with limited financial resources, or individuals who prefer renting over buying. The tight market dynamics mean that landlords have less incentive to accept Section 8 vouchers, as they can easily find tenants willing to pay market rates. The affordability issue is stark: a 2BR unit’s FMR of $3500 is only 23.8% of the median household income, implying that many residents could afford much higher rents. Therefore, the rental market is not particularly affordable for voucher holders, who may struggle to find suitable housing within their budget. #### Investor Angle From an investor perspective, the key question is whether renting at FMR levels can generate positive cash flow. Given the Zillow median price of $540,468 for a 2BR unit, the monthly mortgage payment would be approximately $2,600. Adding typical expenses such as property taxes, insurance, maintenance, and management fees, the total monthly cost might rise to around $3,500-$4,000. At the FMR of $3500 for a 2BR unit, the cash flow would be negative, as the rent does not cover the mortgage and other expenses. This makes it challenging for investors to rely solely on Section 8 vouchers to achieve profitability. Moreover, the investment grade in this area is likely to be lower due to the tight rental market and the difficulty in finding tenants willing to accept the lower FMR rates. Investors may need to consider alternative strategies, such as targeting properties that are slightly below the median price or focusing on smaller units where the FMR is closer to the market rent. #### Specific Actionable Insights 1. **Focus on Smaller Units**: Given the high price-to-FMR ratio, investors should consider acquiring 0BR or 1BR units. The FMR for a 0BR unit is $2610, and for a 1BR unit, it is $2850. These rates are more likely to align with market rents, potentially allowing for positive cash flow. 2. **Target Lower Price Properties**: Look for properties that are priced below the Zillow median. A 2BR unit priced at $450,000, for example, would have a monthly mortgage payment of about $2,200, making it easier to achieve positive cash flow at the FMR of $3500. 3. **Consider Non-Section 8 Tenants**: Due to the tight market and high median income, there is a strong likelihood of finding non-voucher tenants willing to pay market rates. Investors might want to diversify their tenant base to include both Section 8 voucher holders and non-voucher tenants to balance risk and reward. #### Bottom Line For Section 8-focused investors, the ZIP code 33076 (Parkland, FL) presents significant challenges due to the high price-to-FMR ratio and the tight rental market. The recommendation is to **Skip** this market unless you can acquire properties at significantly lower prices or focus on smaller units where the FMR is closer to market rents. The high median income and low renter percentage suggest that the majority of the market is not suited for Section 8 voucher holders, making it difficult to achieve positive cash flow without additional strategic considerations.

Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.