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 33339, located within the Fort Lauderdale, FL HUD Metro FMR Area, has a Fair Market Rent (FMR) of $2,100 for FY 2024. While specific data for market rent and home value for this ZIP code is currently unavailable, we can infer its position relative to the broader Fort Lauderdale area based on the available FMR.
In Fort Lauderdale, the FMR for a two-bedroom apartment is projected to be $2,187 per month for FY 2025, according to PlainVoucher. This suggests that ZIP 33339 is slightly below the metro's FMR, potentially positioning it as a mid-tier neighborhood rather than a premium sub-market. However, without precise market rent and home value data, this remains an educated inference.
The absence of market rent and home value data for ZIP 33339 indicates a lack of comprehensive reporting, which could mean that it is less developed or less frequently analyzed compared to other ZIP codes in the area. The unknown renter share percentage also hinders a complete analysis but typically, a higher renter share combined with lower home values can signal a Section 8 sweet spot. In this case, the divergence would need to be confirmed with additional data.
To conclude, ZIP 33339 appears to be a mid-tier neighborhood within the Fort Lauderdale, FL HUD Metro FMR Area, based on its FMR being slightly below the projected metro-wide FMR. However, without detailed market rent and home value data, a definitive classification cannot be made. Further investigation into local real estate trends would provide a clearer picture of its status as a value pocket, mid-tier neighborhood, or premium sub-market.
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.