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 | $1,730 |
| 1 Bedroom | $1,870 |
| 2 Bedrooms | $2,280 |
| 3 Bedrooms | $3,120 |
| 4 Bedrooms | $3,600 |
| 5 Bedrooms | $4,176 |
| 6 Bedrooms | $4,677 |
| 7 Bedrooms | $5,051 |
| 8 Bedrooms | $5,304 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $1,870 | $157,637 | 1.19% | B |
| 2BR | $2,280 | $263,669 | 0.86% | C |
| 3BR | $3,120 | $458,650 | 0.68% | D |
| 4BR | $3,600 | $526,619 | 0.68% | D |
U.S. Census Bureau data (2024)
The dynamics of ZIP 33309, Oakland Park, FL, reveal a market in motion where demand appears to slightly edge out supply. The Fair Market Rent (FMR) for the area is set at $1950 for fiscal year 2024, while the actual market rent, as measured by Zillow's ZORI, stands at $2,136. This suggests that the rental market is robust, with rents exceeding the FMR benchmark, indicative of strong tenant interest.
The low 0.2% price-cut share and relatively short 66-day days on market (DOM) further support the notion that properties in this ZIP are quickly snapped up without needing significant price adjustments. These metrics point towards a seller's market, where homes are in high demand and do not linger on the market for extended periods.
The median home value in ZIP 33309 is $371,796, which places it within a competitive range for potential buyers. However, with a 40.9% renter share, there is substantial long-term housing pressure exerted by renters. This high percentage of renters indicates a steady demand for rental properties, which could translate into sustained occupancy rates and stable rental income for landlords.
In summary, the current snapshot of ZIP 33309 suggests a market where demand is robust, particularly in the rental sector. Landlords and small-portfolio investors can expect favorable conditions for maintaining and growing their investments, with strong tenant demand supporting healthy rental prices and quick sales of any listings they may have.
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.