Location: Port St. Lucie, FL | Metro: Port St. Lucie, FL MSA
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 | $1,350 |
| 1 Bedroom | $1,360 |
| 2 Bedrooms | $1,640 |
| 3 Bedrooms | $2,220 |
| 4 Bedrooms | $2,330 |
| 5 Bedrooms | $2,703 |
| 6 Bedrooms | $3,027 |
| 7 Bedrooms | $3,269 |
| 8 Bedrooms | $3,432 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,640 | $315,949 | 0.52% | F |
| 3BR | $2,220 | $585,789 | 0.38% | F |
| 4BR | $2,330 | $968,023 | 0.24% | F |
| 5BR | $2,703 | $5,735,324 | 0.05% | F |
U.S. Census Bureau data (2024)
The ZIP code 33455, located in Hobe Sound, FL, has a population of 20,018 residents. Within this community, 16.0% of the population are renters, indicating that it is not heavily dominated by renters but rather has a moderate tenant base. The median household income in this area stands at $70,389, which provides a benchmark for understanding the financial capacity of potential tenants.
The market rent for the area is currently set at $2,928 per month. This represents approximately 41.6% of the median household income when considering a single household's ability to cover rent costs. Given that the Fair Market Rent (FMR) for the ZIP code is $1,370 (as of FY 2024), there is a significant gap between the market rent and the FMR, suggesting that traditional rental costs far exceed what might be covered by Section 8 housing vouchers.
To put this into perspective, a landlord in ZIP 33455 can expect that Section 8 tenants would likely struggle to afford the average market rent without substantial additional income sources. The disparity between the $2,928 market rent and the $1,370 FMR highlights a challenging environment for those relying solely on housing vouchers.
In summary, ZIP 33455 is characterized by a moderate number of renters, with a significant portion of the local income being consumed by market rents. Landlords should anticipate that Section 8 tenants will require properties priced closer to the FMR to secure tenancy, making it less favorable for those looking to maximize rental income through market rates. The tenant profile will typically include individuals or families who rely on government assistance and have limited resources beyond their housing vouchers.
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.