Location: Tampa-St. Petersburg-Clearwater, FL | Metro: Tampa-St. Petersburg-Clearwater, FL MSA
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 | $970 |
| 1 Bedroom | $1,010 |
| 2 Bedrooms | $1,170 |
| 3 Bedrooms | $1,490 |
| 4 Bedrooms | $1,820 |
| 5 Bedrooms | $2,111 |
| 6 Bedrooms | $2,364 |
| 7 Bedrooms | $2,553 |
| 8 Bedrooms | $2,681 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $1,010 | $188,365 | 0.54% | F |
| 2BR | $1,170 | $269,323 | 0.43% | F |
| 3BR | $1,490 | $401,349 | 0.37% | F |
| 4BR | $1,820 | $523,952 | 0.35% | F |
| 5BR | $2,111 | $585,811 | 0.36% | F |
U.S. Census Bureau data (2024)
The ZIP code 33527 in Dover, FL, stands out within Hillsborough County due to its unique demographic and economic characteristics. With a population of 17,364 residents, 23.2% of whom are renters, it reflects a community that is predominantly owner-occupied. The median income here is $80,464, which is above the national average, indicating a relatively affluent area. However, the median home value of $439,747 is notably lower than the typical values found in many parts of Florida, suggesting that this region offers homeownership at a more accessible price point.
When it comes to Section 8 vouchers, the Financial Management Rent (FMR) for ZIP 33527 is set at $1,350 for fiscal year 2024. This figure contrasts sharply with the market rent, measured by the Zillow Observed Rent Index (ZORI), which stands at $2,895. This significant gap between FMR and market rent means that landlords who accept Section 8 vouchers will be renting their properties at approximately half the market rate. While this can be seen as a disadvantage, the high median income suggests that residents may have the means to cover additional costs or seek alternative rental options, thus potentially stabilizing the demand for affordable housing.
Evaluating the overall data signature of ZIP 33527, it appears to be stable rather than transitional. The relatively low percentage of renters and a median income that exceeds the state and national averages indicate a community where most residents are financially secure enough to own homes. The lower median home value compared to other areas in Florida also supports the notion that Dover is a place where homeownership is attainable for a broader segment of the population, further reinforcing the stability of the housing market.
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.