Section 8 Fair Market Rent (FMR) for ZIP 33497 - 2027

Location: West Palm Beach-Boca Raton, FL | Metro: West Palm Beach-Boca Raton, FL HUD Metro FMR Area

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,910
1 Bedroom	$2,010
2 Bedrooms	$2,350
3 Bedrooms	$3,050
4 Bedrooms	$3,520
5 Bedrooms	$4,083
6 Bedrooms	$4,573
7 Bedrooms	$4,939
8 Bedrooms	$5,186

The ZIP code 33497, located in Florida, represents a unique micro-market for real estate investment, particularly for those interested in Section 8 housing opportunities. The area offers a mix of suburban and rural characteristics, which can influence rental demand and property values.

The Fair Market Rent (FMR) for ZIP 33497 is set at $2230 per month for fiscal year 2024, providing a benchmark for rental pricing.
Market rent data is currently unavailable for this ZIP code, indicating a lack of recent market activity or reporting that could be significant for investors looking to gauge local demand.
The median home value is also not available, suggesting limited sales data which can complicate valuation models for residential properties.
Renter share data is missing, making it difficult to assess the proportion of residents who might be seeking Section 8 housing.
The Days on Market (DOM) figure is not provided, which would typically indicate how quickly properties are rented out in the area.
Average median income data is not available, which is crucial for understanding the economic profile of potential tenants.

In summary, while the Fair Market Rent for ZIP 33497 provides a concrete figure for rental pricing, the lack of other key data points such as market rent, median home value, and median income presents challenges for thorough analysis. Investors should focus on leveraging the FMR while being cautious about relying on assumptions due to the incomplete dataset. Engaging directly with local real estate agents or conducting a survey of current rentals could provide additional insights needed to make informed investment decisions in this market.

Data Sources: FMR data from HUD (2027).

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.