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 | $2,330 |
| 1 Bedroom | $2,520 |
| 2 Bedrooms | $3,070 |
| 3 Bedrooms | $4,200 |
| 4 Bedrooms | $4,840 |
| 5 Bedrooms | $5,614 |
| 6 Bedrooms | $6,288 |
| 7 Bedrooms | $6,791 |
| 8 Bedrooms | $7,131 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $2,520 | $305,559 | 0.82% | C |
| 2BR | $3,070 | $563,707 | 0.54% | F |
| 3BR | $4,200 | $1,390,481 | 0.3% | F |
| 4BR | $4,840 | $2,449,438 | 0.2% | F |
| 5BR | $5,614 | $5,196,883 | 0.11% | F |
U.S. Census Bureau data (2024)
The classification of ZIP 33301 in Fort Lauderdale, Florida, hinges on a detailed analysis of its yield and stability metrics. The Fair Market Rent (FMR) for ZIP 33301 in fiscal year 2024 is set at $2,960. This FMR is notably lower than the market rent of $3,146, indicating that while there is some premium potential, it's relatively modest. The median home value stands at $868,486, which is significantly higher than both the FMR and market rent, suggesting that this area is primarily residential rather than rental-focused.
Stability in ZIP 33301 can be gauged through several factors. Firstly, the percentage of renters is quite substantial at 62.8%, which is a positive sign for maintaining a steady stream of tenants. However, the days on market (DOM) average of 82 days indicates a moderate challenge in finding new tenants quickly. Lastly, the median household income of $124,812 provides a strong financial foundation for residents, enhancing the likelihood of timely rent payments and reducing the risk of vacancies.
Based on these figures, ZIP 33301 leans towards being a steady-cashflow zone. While the yield isn't exceptionally high due to the close alignment between FMR and market rents, the robust rental demand and solid income levels support long-term investment stability. The higher median home value does not detract from the rental market's viability but suggests that property flipping might not be as lucrative here compared to areas with lower home values and higher rental premiums.
To summarize, the key figures driving this classification include the FMR of $2,960, market rent of $3,146, median home value of $868,486, a significant 62.8% of renters, an average DOM of 82 days, and a median income of $124,812. These indicators collectively point to a stable rental market with reliable cash flow prospects, suitable for landlords and small-portfolio investors seeking consistent returns over time.
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.