Location: Fort Lauderdale, FL | Metro: Fort Lauderdale, FL HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,760 |
| 1 Bedroom | $1,900 |
| 2 Bedrooms | $2,320 |
| 3 Bedrooms | $3,170 |
| 4 Bedrooms | $3,660 |
| 5 Bedrooms | $4,246 |
| 6 Bedrooms | $4,756 |
| 7 Bedrooms | $5,136 |
| 8 Bedrooms | $5,393 |
The zip code 33335 is located in Fort Lauderdale, FL, and is specifically designated for PO Boxes only; it does not represent an area with residents. Therefore, demographic details such as population, percentage of renters, median income, and median home value are not applicable for this zip code. However, for the broader context of Fort Lauderdale, the median age for all individuals is 42.5 years, which provides insight into the general population dynamics.
Moving into the realm of rental economics, the Fair Market Rent (FMR) for zip code 33335 is set at $2100 for fiscal year 2024. This figure is crucial for Section 8 investors as it dictates the maximum allowable rent for subsidized units. Despite the lack of specific data regarding the market rent for this particular zip code, the FMR serves as a benchmark for evaluating the potential profitability and sustainability of rental investments in the area.
Given the nature of zip code 33335 being a PO Box-only designation, it is unlikely to cater to hands-on value-add buyers who seek to renovate and manage properties. Instead, this zip code would be more suitable for hands-off voucher operators who can leverage the FMR to ensure stable, government-backed rental income without the complexities of managing residential properties. The focus should remain on understanding the broader Fort Lauderdale market to make informed investment decisions.
Data Sources: FMR data from HUD (2027).
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.