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 33359 in Fort Lauderdale, Florida, stands out due to the limited availability of specific demographic data, including the number of residents, percentage renting, median income, and median home value. This scarcity can be attributed to the area's unique characteristics or the way data is collected and reported.
Moving into the voucher economics, the Fair Market Rent (FMR) for ZIP 33359 in fiscal year 2024 is set at $2100. While the exact market rent figure is not available, it's crucial for landlords and investors to understand that the FMR represents the upper limit HUD will pay for rental units. If the actual market rent exceeds $2100, tenants must cover the difference, which can influence their decision to stay in the area.
In terms of stability, the data signature for ZIP 33359 reads as transitional. The lack of detailed demographic information suggests that the area might be undergoing changes, either in population dynamics or in how data is being recorded. Landlords and investors should monitor trends closely and consider factors such as new developments, changing employment patterns, and shifts in the local economy when evaluating long-term investment prospects in 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.