Section 8 Fair Market Rent (FMR) for ZIP 33467 - 2027

Investment Score for ZIP 33467

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	$2,020
1 Bedroom	$2,130
2 Bedrooms	$2,490
3 Bedrooms	$3,240
4 Bedrooms	$3,730
5 Bedrooms	$4,327
6 Bedrooms	$4,846
7 Bedrooms	$5,234
8 Bedrooms	$5,496

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	$2,130	$112,273	1.9%	A+
2BR	$2,490	$165,620	1.5%	A+
3BR	$3,240	$500,821	0.65%	D
4BR	$3,730	$654,735	0.57%	F
5BR	$4,327	$815,354	0.53%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

### Market Analysis for ZIP Code 33467 (Lake Worth Beach, FL) #### Section 8 Voucher Dynamics In ZIP code 33467, the Fair Market Rent (FMR) for a two-bedroom unit is set at $2,270 per month for 2026. This represents 28.5% of the median household income of $95,739. However, the actual rent prices in the area can be significantly higher due to the high demand and limited supply of affordable housing. For instance, the Zillow median price for a two-bedroom property is $167,548, which translates into a rental rate that is approximately 6.2 times the FMR. This means that actual rents could be around $14,074 per month, far exceeding the FMR. Consequently, voucher holders face significant constraints in finding suitable housing within their budget. The disparity between FMR and actual rents suggests that voucher holders might struggle to find units that accept their vouchers, especially in the higher-end market segments. #### Affordability & Renter Profile The renter population in Lake Worth Beach makes up only 13.6% of the total population, indicating a relatively low proportion of renters compared to homeowners. With a median household income of $95,739, the majority of residents likely own their homes, given the high cost of living and the price-to-FMR ratio. The occupancy rate of 89.1% suggests that the market is moderately tight, but not overly saturated with tenants. Given the high median income, the typical renter profile is likely to include individuals or families who have above-average incomes, possibly including retirees or young professionals who prefer renting over buying due to the transient nature of their work or lifestyle. #### Investor Angle From an investor perspective, the ZIP code 33467 presents a mixed scenario. While the FMRs provide a baseline for rental pricing, the actual rents are much higher, driven by the local real estate market dynamics. For a two-bedroom unit, the FMR is $2,270, but the actual rental rates could be closer to $14,074 based on the price-to-FMR ratio. This indicates that properties rented out at FMR levels would likely generate negative cash flow, as the costs associated with owning and maintaining a property would exceed the rental income. Therefore, the investment grade for properties targeting Section 8 voucher holders is low, as the potential returns do not align well with the financial realities of the local market. #### Specific Actionable Insights 1. **Focus on Affordable Units**: Investors should focus on developing or acquiring properties that offer lower-cost units, such as one-bedroom or studio apartments, which are priced closer to the FMR. For example, a one-bedroom unit with an FMR of $1,910 might be more financially viable, especially if the property can be managed efficiently to reduce overhead costs. 2. **Targeting Non-Voucher Tenants**: Given the high actual rents relative to FMR, it may be more profitable to target non-voucher tenants who can afford higher rental rates. This could involve converting existing properties to higher-end rentals or developing new units that cater to the local market demands, where the average rental price is significantly higher than the FMR. #### Bottom Line For Section 8-focused investors, the recommendation for ZIP code 33467 is to **skip** this market. The high actual rents relative to the FMR make it challenging to achieve positive cash flow when relying solely on voucher income. Instead, investors might consider areas with a higher percentage of renters or lower price-to-FMR ratios, where the financial incentives for accepting Section 8 vouchers are more favorable. --- This analysis provides a detailed overview of the rental market dynamics in ZIP code 33467, focusing on the challenges faced by Section 8 voucher holders and the implications for real estate investors. The key takeaway is that the high cost of living and the significant gap between FMR and actual rents make this area less attractive for Section 8-focused investments.

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.