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 | $1,280 |
| 1 Bedroom | $1,320 |
| 2 Bedrooms | $1,540 |
| 3 Bedrooms | $1,970 |
| 4 Bedrooms | $2,390 |
| 5 Bedrooms | $2,772 |
| 6 Bedrooms | $3,105 |
| 7 Bedrooms | $3,353 |
| 8 Bedrooms | $3,521 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $1,320 | $140,151 | 0.94% | C |
| 2BR | $1,540 | $244,525 | 0.63% | D |
| 3BR | $1,970 | $291,329 | 0.68% | D |
| 4BR | $2,390 | $333,543 | 0.72% | D |
| 5BR | $2,772 | $379,608 | 0.73% | D |
U.S. Census Bureau data (2024)
The ZIP code 33570, located in Ruskin, FL, presents a dynamic housing market influenced by both rental and ownership trends. The Fair Market Rent (FMR) for the area is set at $1520 for fiscal year 2024, which is notably lower than the market rent indicated by Zillow's ZORI index at $2,165. This suggests that there is a significant gap between subsidized rental rates and the actual market, implying strong demand for affordable housing options.
The 0.3% price-cut share and 64-day Days on Market (DOM) indicate that properties are selling close to their asking prices and relatively quickly. This points to a market where demand meets or slightly exceeds supply, as sellers do not need to reduce prices significantly to attract buyers. Additionally, the median home value stands at $314,381, reflecting the overall cost of homeownership in the area.
A key factor in understanding the market dynamics is the 23.0% renter share. This figure suggests that nearly one-quarter of residents are renters, indicating a steady demand for rental properties. In the long term, this can translate into sustained pressure on the rental market, keeping rents stable or rising as demand persists. For landlords and small-portfolio investors, this implies a stable tenant base, but also competition from those seeking to capitalize on the rental demand.
The interplay between the FMR, market rent, and renter share paints a picture of a market in motion. While the FMR provides an anchor for affordability, the higher ZORI indicates a robust market beyond just subsidized housing. The low price-cut share and quick DOM suggest a favorable environment for property owners looking to sell, while the significant renter share points to ongoing opportunities in the rental sector. Investors should consider these factors when evaluating the potential returns and risks associated with Ruskin, FL.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.