Section 8 Fair Market Rent (FMR) for ZIP 33307 - 2027

Location: Fort Lauderdale, FL | Metro: Fort Lauderdale, FL HUD Metro FMR Area

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,760
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 ZIP code 33307 is located in Fort Lauderdale, FL, and it is primarily a business mail facility without any residential population. Therefore, the data provided about median income and market rate for renters is not applicable since there are no residents living in this area. It serves commercial delivery exclusively, maintaining 390 PO Boxes and 213 business delivery points.

However, for landlords and small-portfolio investors considering properties near the 33307 ZIP code, the Federal Market Rate (FMR) of $2100 for FY 2024 is significant. This standard voucher payment means that households receiving housing assistance can afford units up to this price point. In comparison to typical market rates in the surrounding residential areas, this figure may or may not be sufficient depending on local conditions.

The lack of residential data for ZIP 33307 makes direct analysis challenging. But considering the broader context, if the surrounding areas have higher market rates than the FMR, there could be a noticeable affordability gap for those relying on vouchers. This gap might intensify competition among landlords willing to accept vouchers, especially in areas where rental prices exceed $2100.

Takeaway for Landlords:

If you are operating near ZIP 33307, accepting voucher payments at $2100 can still attract tenants but might limit your rental income compared to market rates.
Consider the local rental market dynamics; if market rates significantly exceed the voucher amount, you may face competition from landlords who offer lower rents to attract voucher holders.
Evaluate whether accepting vouchers aligns with your investment strategy and property value expectations. If the market allows, cash-paying tenants might offer better returns, but they come with their own set of challenges.

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.