Location: Fort Lauderdale, FL | Metro: Fort Lauderdale, FL HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,760 |
| 1 Bedroom | $1,900 |
| 2 Bedrooms | $2,320 |
| 3 Bedrooms | $3,170 |
| 4 Bedrooms | $3,660 |
| 5 Bedrooms | $4,246 |
| 6 Bedrooms | $4,756 |
| 7 Bedrooms | $5,136 |
| 8 Bedrooms | $5,393 |
The Fair Market Rent (FMR) for ZIP 33082 in Fort Lauderdale, FL HUD Metro FMR Area, for fiscal year 2024, is set at $2100. However, the market rent is not specified in the provided data. Given that ZIP 33082 is part of a larger metropolitan area with diverse economic conditions, it is reasonable to assume that the actual market rent could be higher than the FMR. This creates an opportunity for landlords to secure a stable income stream through Section 8 contracts while potentially having room for additional private market rents.
ZIP 33082 is not ideal as an appreciation play because there is no specific data indicating rapid price increases or short days on market (DOM). Similarly, it does not stand out as a diversifier due to the lack of information regarding the percentage of renters or median income levels.
In conclusion, ZIP 33082 serves well as a cash-flow anchor within a Section 8 portfolio strategy, providing landlords with reliable rental income based on the set FMR of $2100. This predictability can help stabilize overall portfolio performance and mitigate risks associated with fluctuating market conditions.
Data Sources: FMR data from HUD (2027).
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.