Location: Fort Lauderdale, FL | Metro: Fort Lauderdale, FL HUD Metro FMR Area
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,880 |
| 1 Bedroom | $2,030 |
| 2 Bedrooms | $2,480 |
| 3 Bedrooms | $3,390 |
| 4 Bedrooms | $3,910 |
| 5 Bedrooms | $4,536 |
| 6 Bedrooms | $5,080 |
| 7 Bedrooms | $5,486 |
| 8 Bedrooms | $5,760 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $2,030 | $87,299 | 2.33% | A+ |
| 2BR | $2,480 | $178,219 | 1.39% | A |
| 3BR | $3,390 | $498,911 | 0.68% | D |
| 4BR | $3,910 | $608,443 | 0.64% | D |
U.S. Census Bureau data (2024)
With a Fair Market Rent (FMR) set at $2320 for ZIP 33442 in Deerfield Beach, FL, for fiscal year 2024, landlords can expect to align their rental pricing with government standards to attract Section 8 tenants. The Zillow Observed Rent Index (ZORI) indicates a market rent of $2,432, suggesting a slight premium over the FMR for non-subsidized units. Given the median home value of $185,197, investors might find opportunities to acquire properties at competitive rates compared to larger metropolitan areas. A 30.3% renter share highlights the significant portion of the population already engaged in renting, making it a viable market for rental investments. The median income of $53,254 provides insight into the financial capacity of residents, which is crucial for determining the eligibility threshold for Section 8 subsidies. With an average Days on Market (DOM) of 60 days, landlords should be prepared for a moderate wait time before securing tenants. Furthermore, a mere 0.3% of listings have been subject to price cuts, indicating a stable and healthy rental market. This combination of factors—reasonable FMRs, competitive market rents, a sizeable renter population, and stable property values—makes ZIP 33442 a favorable location for Section 8 investments.
The data paints a clear picture: the median income supports Section 8 eligibility, while the market conditions are ripe for landlords looking to secure steady tenancy. The slight difference between the FMR and ZORI suggests that landlords can maintain profitability while adhering to Section 8 guidelines. Moreover, the low percentage of price cuts signals a resilient market where properties retain their value, reducing the risk of depreciation for investors. In conclusion, the market dynamics in Deerfield Beach, FL, favorably position it as a strong candidate for Section 8 real estate investment, offering stability and potential returns.
Verdict: ZIP 33442 presents a stable and profitable environment for Section 8 investments.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). Demographics from U.S. Census (2024).
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.