Location: Tampa-St. Petersburg-Clearwater, FL | Metro: Tampa-St. Petersburg-Clearwater, FL MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,470 |
| 1 Bedroom | $1,520 |
| 2 Bedrooms | $1,770 |
| 3 Bedrooms | $2,260 |
| 4 Bedrooms | $2,750 |
| 5 Bedrooms | $3,190 |
| 6 Bedrooms | $3,573 |
| 7 Bedrooms | $3,859 |
| 8 Bedrooms | $4,052 |
To incorporate ZIP 33524 into a Section 8 portfolio strategy, one must first understand its unique characteristics within the broader Tampa-St. Petersburg-Clearwater, FL MSA. Given the available data, ZIP 33524 stands out as a potential cash-flow anchor.
The Fair Market Rent (FMR) for ZIP 33524 in fiscal year 2024 is set at $1760. This figure represents the maximum amount that a landlord can charge for a Section 8 voucher in this area. While the market rental rates and median home values are currently not available, the FMR provides a reliable benchmark for cash flow expectations.
A cash-flow anchor is a property that generates consistent, predictable income, which is crucial for stabilizing a portfolio's overall performance. In ZIP 33524, the guaranteed rent from Section 8 vouchers at $1760 per month offers such stability. Landlords can rely on this fixed income stream, mitigating risks associated with market fluctuations and vacancy periods.
Moreover, the Section 8 program ensures timely payments through the Housing Authority, reducing the likelihood of late or missed rent checks. This reliability makes ZIP 33524 an attractive option for landlords and small-portfolio investors seeking to balance their portfolios with low-risk, steady-income properties.
While the data does not provide specific percentages for price-cut shares or days on market (DOM), nor does it offer the median income or renter share, the known FMR serves as a solid foundation for a cash-flow strategy. The lack of detailed market data suggests that the area might be less volatile compared to other parts of the metro, further supporting its role as an anchor in a diversified investment portfolio.
In summary, ZIP 33524 should be considered as a cash-flow anchor within a Section 8 portfolio strategy due to the predictable and stable income it can provide at the set FMR of $1760 per month. This approach aligns well with the goals of landlords and small-portfolio investors looking for consistent returns.
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.