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 | $2,550 |
| 1 Bedroom | $2,760 |
| 2 Bedrooms | $3,370 |
| 3 Bedrooms | $4,610 |
| 4 Bedrooms | $5,320 |
| 5 Bedrooms | $6,171 |
| 6 Bedrooms | $6,912 |
| 7 Bedrooms | $7,465 |
| 8 Bedrooms | $7,838 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $3,370 | $401,567 | 0.84% | C |
| 3BR | $4,610 | $646,605 | 0.71% | D |
| 4BR | $5,320 | $1,240,203 | 0.43% | F |
| 5BR | $6,171 | $1,926,152 | 0.32% | F |
U.S. Census Bureau data (2024)
3150 is the Fair Market Rent (FMR) for ZIP code 33330 in Southwest Ranches, FL, for fiscal year 2024. This figure, set by HUD, represents the maximum amount Section 8 participants can pay for a two-bedroom apartment in the area. 2641 is the actual market rent for a similar unit based on Census Bureau's American Community Survey, indicating a slight premium for landlords participating in the Section 8 program. 1098496 is the median home value in this ZIP code, which is significantly higher than the typical rental rates, suggesting a predominantly owner-occupied market. 4.4% is the share of renters in the population, a relatively low percentage that reflects the high median home values and may limit the pool of potential Section 8 tenants. 145212 is the median household income in Southwest Ranches, FL, which is above the national average but still important to consider when evaluating tenant eligibility for the Section 8 program. N/A indicates that there is no available data on the days on market (DOM) for rental properties, which could be due to a lack of comprehensive reporting or a very efficient local real estate market. 0.2% is the price-cut share for rental listings, showing that landlords rarely need to lower their asking prices, likely due to the strong demand and limited supply of rental units in the area.
The combination of a competitive market rent and a slightly higher FMR suggests a positive opportunity for landlords who can accommodate Section 8 tenants. The low renter share implies that landlords might face competition from homeowners looking to rent out their properties, but the strong local economy, as evidenced by the high median income, supports the ability of residents to afford higher rents. Given these factors, landlords should focus on maintaining properties at a level that meets or exceeds HUD standards while being mindful of the limited number of eligible tenants in the area. The verdict on Section 8 participation in ZIP code 33330 is that it remains a viable option for landlords willing to navigate the specific requirements and manage expectations regarding tenant turnover and maintenance.
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.