Location: Fort Lauderdale, FL | Metro: Fort Lauderdale, FL HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $2,320 |
| 1 Bedroom | $2,510 |
| 2 Bedrooms | $3,060 |
| 3 Bedrooms | $4,180 |
| 4 Bedrooms | $4,830 |
| 5 Bedrooms | $5,603 |
| 6 Bedrooms | $6,275 |
| 7 Bedrooms | $6,777 |
| 8 Bedrooms | $7,116 |
U.S. Census Bureau data (2024)
ZIP code 33326, located in Weston, FL, stands out within Broward County due to its unique demographic and economic characteristics. With a population of 33,880 residents, 27.6% of whom rent their homes, the area has a median income of $117,373 and a median home value of $559,063. These figures suggest a relatively affluent community with a significant number of homeowners.
The Section 8 voucher program plays a crucial role in the rental market dynamics of ZIP 33326. The Fair Market Rent (FMR) for the fiscal year 2024 is set at $2,790, which is notably lower than the market's ZORI (Zillow Rent Index) figure of $3,017. This indicates that landlords participating in the Section 8 program may receive slightly less rent compared to the average market rate, but still benefit from a guaranteed payment stream and a stable tenant base.
Despite the disparity between the FMR and the market rent, the data signature of ZIP 33326 reads as stable. The high median income and home values suggest a strong local economy, with a robust demand for housing. The modest percentage of renters implies that the majority of residents are homeowners, contributing to a stable property tax base and potentially reducing the volatility associated with higher rental rates.
Landlords and small-portfolio investors should consider the long-term benefits of participating in the Section 8 program, such as reduced vacancy rates and a steady income source, even if it means accepting a slightly lower rent. The economic indicators point towards a secure and predictable environment, making ZIP 33326 an attractive investment location for those interested in the Section 8 market.
Data Sources: FMR data from HUD (2027). 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.