Location: West Palm Beach-Boca Raton, FL | Metro: West Palm Beach-Boca Raton, 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 | $2,650 |
| 1 Bedroom | $2,790 |
| 2 Bedrooms | $3,260 |
| 3 Bedrooms | $4,240 |
| 4 Bedrooms | $4,890 |
| 5 Bedrooms | $5,672 |
| 6 Bedrooms | $6,353 |
| 7 Bedrooms | $6,861 |
| 8 Bedrooms | $7,204 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $2,790 | $289,061 | 0.97% | C |
| 2BR | $3,260 | $530,058 | 0.62% | D |
| 3BR | $4,240 | $1,088,850 | 0.39% | F |
| 4BR | $4,890 | $3,198,373 | 0.15% | F |
| 5BR | $5,672 | $8,835,984 | 0.06% | F |
U.S. Census Bureau data (2024)
2770 is the Fair Market Rent (FMR) for ZIP code 33477 in Jupiter, FL, for fiscal year 2024, indicating the maximum amount Section 8 participants can be charged for a two-bedroom unit. 3341 represents the Zillow Observed Rent Index (ZORI), which is the average market rent for the same area, showing that market rents exceed the Section 8 limit by about $571 per month. 676951 is the median home value in Jupiter, reflecting a significant investment for property owners in this region. 13.7 is the percentage of residents who are renters, suggesting a modest demand for rental properties compared to owner-occupied homes. 104992 is the median household income, which is crucial for understanding the economic context of potential tenants. 65 days is the average Days on Market (DOM) for Jupiter, indicating how long it typically takes to rent out a property. 0.3 is the percentage of listings that were price-cut, signaling a relatively stable rental market without much pressure to lower prices.
In Jupiter, the disparity between the Section 8 FMR and the ZORI highlights a challenge for landlords participating in the program, as they must accept a lower-than-market rental rate. However, the low price-cut share and stable DOM suggest that while there may be some competition, the market remains favorable for landlords willing to work within the constraints of the Section 8 program. The median home value underscores the affluent nature of the area, potentially attracting higher-quality Section 8 participants. Given the economic indicators, Jupiter offers a balanced opportunity for landlords and small-portfolio investors, with the key being an understanding of the local market dynamics and the willingness to comply with Section 8 regulations.
Based on these figures, the Section 8 verdict for Jupiter, FL, is positive but requires careful management to ensure profitability and compliance with federal guidelines.
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.