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 | $1,680 |
| 1 Bedroom | $1,820 |
| 2 Bedrooms | $2,220 |
| 3 Bedrooms | $3,030 |
| 4 Bedrooms | $3,500 |
| 5 Bedrooms | $4,060 |
| 6 Bedrooms | $4,547 |
| 7 Bedrooms | $4,911 |
| 8 Bedrooms | $5,157 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $1,820 | $86,087 | 2.11% | A+ |
| 2BR | $2,220 | $130,149 | 1.71% | A+ |
| 3BR | $3,030 | $407,801 | 0.74% | D |
| 4BR | $3,500 | $479,585 | 0.73% | D |
| 5BR | $4,060 | $508,559 | 0.8% | D |
U.S. Census Bureau data (2024)
Lauderhill, specifically the 33313 ZIP code, is a predominantly residential suburban community in Broward County characterized by a dense housing stock and a significant Caribbean immigrant influence. This neighborhood offers convenient access to major South Florida employment hubs, including the sprawling Sawgrass Mills Mall and the commercial corridors along Sunrise Boulevard, which provide essential retail and service jobs to the local workforce. The area features a mix of mid-century single-family homes and apartment complexes, creating a consistent demand for rental housing from working-class families seeking proximity to Fort Lauderdale without the higher price tags of coastal cities.
From a numerical standpoint, the HUD SAFMR for a 2-bedroom unit in FY2024 sits at $1,850, which is slightly below the current market rent of $1,890, creating a minor negative gap of $40 per month. Investors looking at the FY2026 ladder should note the projected 2BR FMR jumps to $2,300, offering a potential premium over market rates. Acquisition barriers appear relatively low given the median home value of $167,683, with 2-bedroom properties selling at a median of $130,341. However, liquidity is a consideration, as the median days on market sits at 99 days, indicating a slower pace for exiting investments compared to hotter South Florida markets.
The tenant pool here is robust, driven by a renter share of 54.3% and a median household income of $46,305. This income level often pushes working families toward rental housing and Housing Choice Vouchers to afford decent accommodations without severe cost burden. Local amenities support this demographic, with public transit options along State Road 7 and access to Broward County Public Schools serving the many families residing in the area. The high concentration of renters suggests a steady, insulated demand for units that meet Section 8 quality standards.
The Section 8 verdict for 33313 is cautious optimism focused on long-term cash flow and portfolio stability rather than quick appreciation. The modest gap between the 2024 SAFMR and market rent means immediate voucher premiums are not guaranteed, but the FY2026 increase to $2,300 provides a clear path to higher revenue. With low entry prices and a high renter population, this area suits investors looking for buy-and-hold assets where consistent, government-backed payments can balance out the longer 99-day selling周期.
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.