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 |
To classify ZIP code 33348 in Unknown, FL, we must analyze the available data points on yield and stability. The Fair Market Rent (FMR) for ZIP 33348 in fiscal year 2024 is set at $2100. This figure represents the maximum amount that a tenant can be expected to pay for a rental unit in this area under the Section 8 program. However, the absence of market rent and home value data makes it challenging to provide a comprehensive analysis of the yield potential.
The stability metrics are also incomplete, with no percentages given for the proportion of renters in the area, days on the market (DOM), or median income levels. These missing data points are crucial for understanding the financial health and predictability of the rental market in ZIP 33348.
Despite these limitations, the FMR of $2100 suggests a moderate yield opportunity for landlords participating in the Section 8 program. Landlords should expect to receive this fixed amount per month for eligible units, which provides some level of income certainty. However, without comparative market rent data, it's impossible to determine if this yield is higher or lower than what could be achieved through market-rate rentals.
In terms of stability, the lack of data on the percentage of renters, DOM, and median income levels means we cannot assess the risk factors associated with maintaining a stable cash flow. Typically, a higher percentage of renters, shorter DOM, and higher median incomes indicate a more stable market. Conversely, a lower percentage of renters, longer DOM, and lower median incomes might suggest a less stable market with greater risk.
Given the limited data, ZIP 33348 appears to be neither a high-yield/low-stability flip-style market nor a steady-cashflow zone. It falls into a category where the yield is known but the stability is uncertain due to the absence of key indicators. To make an informed decision, landlords and small-portfolio investors would need additional local market data to evaluate the overall risk and return profile of this ZIP code.
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.