Section 8 Fair Market Rent (FMR) for ZIP 33539 - 2027

FY 2027 Fair Market Rent Rates

The ZIP code 33539 is located in Zephyrhills, Florida, a suburban community characterized by its quiet neighborhoods and proximity to natural attractions such as the Withlacoochee River State Trail and the Zephyrhills Mineral Springs Park. While detailed demographic data such as population size, percentage of renters, and median income are not readily available, the area is known for its affordable living conditions.

In terms of housing values, the median home value in ZIP 33539 is also not specified, but the area generally offers a mix of modest single-family homes and apartments, appealing to both long-term residents and newcomers seeking a tranquil environment.

Regarding rent economics, the Fair Market Rent (FMR) for ZIP 33539 in fiscal year 2024 is set at $1760. This figure represents the benchmark used by the Department of Housing and Urban Development (HUD) for determining the maximum allowable rent for Section 8 voucher holders. In comparison, the market rent is not explicitly stated; however, it is typically higher than the FMR, reflecting the actual rental costs landlords might charge.

For hands-off voucher operators, ZIP 33539 could be a suitable investment due to the manageable FMR and the area's reputation for stability and affordability. However, for hands-on value-add buyers looking to improve properties and command higher rents, the gap between FMR and market rent presents an opportunity to generate additional income beyond the voucher limits. Both approaches have their merits, depending on the landlord's preference for involvement and risk tolerance.

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.