Section 8 Fair Market Rent (FMR) for ZIP 33458 - 2027

Investment Score for ZIP 33458

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$2,160
1 Bedroom	$2,270
2 Bedrooms	$2,660
3 Bedrooms	$3,460
4 Bedrooms	$3,980
5 Bedrooms	$4,617
6 Bedrooms	$5,171
7 Bedrooms	$5,585
8 Bedrooms	$5,864

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
1BR	$2,270	$241,378	0.94%	C
2BR	$2,660	$331,526	0.8%	C
3BR	$3,460	$608,790	0.57%	F
4BR	$3,980	$1,066,888	0.37%	F
5BR	$4,617	$1,593,111	0.29%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

### Market Analysis for ZIP Code 33458 (Jupiter, FL) #### Section 8 Voucher Dynamics In ZIP code 33458, the Fair Market Rent (FMR) for a two-bedroom apartment is set at $2,630 per month. This amount represents 28.8% of the median household income in Jupiter, which is $109,729. For a household receiving a Section 8 voucher, the rent they can afford is capped by this FMR. However, the actual rental market in Jupiter is significantly higher. The Zillow median price for a two-bedroom home is $331,410, which translates to a monthly mortgage payment of approximately $1,617 assuming a 30-year fixed-rate mortgage at a 4.5% interest rate and a 20% down payment. When considering property taxes, insurance, and maintenance costs, the total monthly cost for a landlord renting out a two-bedroom unit would likely exceed the FMR of $2,630. Given that the actual rents in Jupiter are much higher than the FMR, voucher holders face significant constraints. They may struggle to find units that accept their vouchers due to the high demand for affordable housing and the limited supply of units available at the FMR. Additionally, landlords might be hesitant to rent at the FMR because it does not cover the full cost of owning and maintaining a property in this area. #### Affordability & Renter Profile The population of Jupiter is 55,512, with 25.1% of residents being renters. This indicates a substantial rental market, but it is also a tight market given the occupancy rate of 91.1%. The high occupancy rate suggests that there is little vacancy, making it difficult for renters to negotiate lower rates. The median household income of $109,729 is quite high, indicating that most residents have above-average financial stability. However, the 25.1% renter percentage implies that there is still a significant portion of the population who cannot afford to purchase homes, despite the high income levels. The price-to-FMR ratio of 10.5x for a two-bedroom unit highlights the extreme disparity between the actual home values and the affordability threshold set by the FMR. This ratio suggests that the market is highly unaffordable for low-income households, especially those relying on Section 8 vouchers. The median Zillow price of $331,410 for a two-bedroom home is far beyond what most voucher recipients could afford, even if they were able to secure a mortgage. #### Investor Angle From an investor’s perspective, the ZIP code 33458 presents a challenging environment for cash flow-positive investments at the FMR. The FMR of $2,630 for a two-bedroom unit is well below the actual market rent, which is likely closer to the mortgage payment plus additional expenses. Given the high median home value and associated costs, landlords would need to charge significantly more than the FMR to break even. To determine the investment grade, we must consider the potential returns versus the risks. In Jupiter, the high cost of living and ownership means that landlords would need to rely on tenants who can pay more than the FMR to achieve positive cash flow. This makes the ZIP code less attractive for investors focusing solely on Section 8 vouchers, as the number of units willing to accept these vouchers is likely limited due to the economic realities of owning property in such a high-cost area. #### Specific Actionable Insights 1. **Focus on Larger Units**: While the FMR for a two-bedroom unit is $2,630, the FMR for a three-bedroom unit is $3,410. Investors should consider properties with larger units to maximize rental income while still being within the FMR guidelines. A three-bedroom unit could potentially provide better cash flow, even if it is still below market rates. 2. **Seek Out Government Subsidies**: Given the high cost of ownership, investors should explore government subsidies and programs designed to support affordable housing. These subsidies can help bridge the gap between the FMR and the actual cost of ownership, making it more feasible to operate at the FMR. 3. **Consider Mixed-Income Developments**: Developing mixed-income properties where some units are rented at market rates and others are rented at FMR can help balance the financial burden. This strategy allows investors to leverage the higher paying tenants to subsidize the lower-paying voucher recipients. #### Bottom Line For investors focused on Section 8 vouchers, the ZIP code 33458 (Jupiter, FL) is not recommended as a primary investment target. The high cost of living and ownership, coupled with the low FMR compared to actual market rents, make it difficult to achieve positive cash flow. Instead, investors should consider other ZIP codes with a more favorable balance between FMR and actual rental costs. If investing in Jupiter is still desired, it should be done with a clear understanding of the financial challenges and a strategic approach to mitigate them, such as focusing on larger units or developing mixed-income properties. ### Summary ZIP code 33458 in Jupiter, FL, has a robust rental market with high occupancy rates and a significant population of renters. However, the actual rents are substantially higher than the FMR, creating a challenging environment for both voucher holders and landlords. The high price-to-FMR ratio of 10.5x underscores the unaffordability of housing for low-income residents. Investors looking to focus on Section 8 vouchers should proceed cautiously and consider alternative strategies to ensure profitability. Overall, the recommendation is to skip this ZIP code for Section 8-focused investments unless a comprehensive plan is in place to address the financial constraints.

Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.