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 | $2,070 |
| 1 Bedroom | $2,240 |
| 2 Bedrooms | $2,730 |
| 3 Bedrooms | $3,730 |
| 4 Bedrooms | $4,310 |
| 5 Bedrooms | $5,000 |
| 6 Bedrooms | $5,600 |
| 7 Bedrooms | $6,048 |
| 8 Bedrooms | $6,350 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $2,240 | $231,534 | 0.97% | C |
| 2BR | $2,730 | $462,087 | 0.59% | F |
| 3BR | $3,730 | $1,029,110 | 0.36% | F |
| 4BR | $4,310 | $1,752,378 | 0.25% | F |
| 5BR | $5,000 | $3,522,450 | 0.14% | F |
U.S. Census Bureau data (2024)
The classification of ZIP code 33308 in Fort Lauderdale, FL, hinges on the interplay between rental yields and market stability. With a Fair Market Rent (FMR) of $2370 for the fiscal year 2024, compared to a market rent of $2564, the area presents a modest premium for landlords willing to navigate the Section 8 program. The average home value in this ZIP stands at $521,811, indicating a relatively affluent neighborhood.
On the stability axis, 33308 scores moderately well. Renters make up 26.6% of the population, which suggests a sizeable but not overwhelming demand for rentals. The Days on Market (DOM) figure of 81 days is slightly above average, hinting at some competition among properties but not to the extent that would classify it as highly unstable. Additionally, the median household income of $93,879 supports a stable economy, with residents having the financial capacity to sustain rental payments.
To determine whether this is a high-yield/low-stability flip-style market or a steady-cashflow zone, we must consider both the yield and stability metrics together. The yield in this case is driven by the FMR being lower than the market rent, allowing landlords to potentially secure higher rents once a tenant graduates from the Section 8 program. However, the initial yield is constrained by the FMR cap.
The stability is bolstered by the income level and the proportion of renters, but the DOM figure suggests some variability in the rental market. This combination points towards an area that is neither purely high-yield nor purely steady-cashflow, but rather a balanced market with opportunities for both.
In conclusion, ZIP 33308 offers a moderate yield potential due to the disparity between FMR ($2370) and market rent ($2564), while maintaining a degree of stability through its median income ($93,879) and rental population (26.6%). For landlords and small-portfolio investors, this ZIP represents a viable option for those who can manage the nuances of the Section 8 program and are prepared for occasional fluctuations in the rental market.
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.