Section 8 Fair Market Rent (FMR) for ZIP 33419 - 2027

FY 2027 Fair Market Rent Rates

The ZIP code 33419, located in Florida, presents a unique opportunity for real estate investors, particularly those interested in the Section 8 housing market. The Fair Market Rent (FMR) for this area has been established at $2230 for fiscal year 2024, offering a benchmark for rental pricing.

• The Fair Market Rent (FMR) for ZIP 33419 is set at $2230 for fiscal year 2024, providing landlords with a clear guideline for rental pricing.
• The market rent data is currently unavailable for ZIP 33419, making it challenging to compare against non-subsidized rents.
• The median home value data is also unavailable, which could indicate a lack of sufficient sales data or a predominantly rental-focused market.
• The percentage of renters in the area is unspecified, but this figure is crucial for understanding the demand for rental properties.
• The days on market (DOM) statistic is not available, which would normally help gauge how quickly properties are rented out in the area.
• The median income data is currently unavailable, which is important for assessing the financial stability of potential tenants.

In summary, while the Fair Market Rent provides a solid starting point for setting rental prices in ZIP 33419, the lack of comprehensive market data such as median home values, market rents, renter share, DOM, and median income limits the ability to fully evaluate the investment potential. Landlords should focus on the FMR as a reliable indicator and consider conducting further research to fill in the gaps and make informed 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.