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 | $1,720 |
| 1 Bedroom | $1,860 |
| 2 Bedrooms | $2,270 |
| 3 Bedrooms | $3,100 |
| 4 Bedrooms | $3,580 |
| 5 Bedrooms | $4,153 |
| 6 Bedrooms | $4,651 |
| 7 Bedrooms | $5,023 |
| 8 Bedrooms | $5,274 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $1,860 | $147,650 | 1.26% | A |
| 2BR | $2,270 | $352,178 | 0.64% | D |
| 3BR | $3,100 | $581,796 | 0.53% | F |
| 4BR | $3,580 | $745,482 | 0.48% | F |
U.S. Census Bureau data (2024)
The ZIP code 33334 encompasses a significant portion of Oakland Park, FL, which is a suburban neighborhood known for its diverse community and relatively high quality of life. With a total population of 30,935, it has a substantial rental market, with 43.3% of residents being renters. The median household income in this area stands at $75,361, indicating a middle-class demographic capable of supporting a range of housing options.
In terms of housing values, the median home value in ZIP 33334 is $431,353, reflecting a stable real estate market that is attractive to both homeowners and investors. However, for those interested in the rental sector, the economic landscape presents an interesting opportunity. The Fair Market Rent (FMR) for the zip code for fiscal year 2024 is set at $1,900, while the actual market rent, as measured by Zillow's ZORI index, is higher at $2,226. This discrepancy suggests that there is potential for landlords and investors to benefit from the higher market rents, although they must be prepared to navigate the requirements of Section 8 vouchers.
When considering whether ZIP 33334 fits a hands-off voucher operator or a hands-on value-add buyer, the answer lies in the balance between stability and growth. A hands-off operator would find comfort in the established FMR and the presence of a sizeable rental market, making it easier to manage properties with minimal direct involvement. On the other hand, a hands-on value-add buyer could leverage the difference between the FMR and market rent to improve properties and increase their rental value, thereby enhancing returns over time.
Investors should weigh these factors carefully, as the decision will impact the level of engagement required and the potential for long-term profitability. For those looking for a steady stream of income with less day-to-day management, the hands-off approach might be preferable. Conversely, those willing to invest in property improvements and actively manage their investments could find significant upside in ZIP 33334.
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.