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 | $1,900 |
| 1 Bedroom | $1,960 |
| 2 Bedrooms | $2,280 |
| 3 Bedrooms | $2,910 |
| 4 Bedrooms | $3,540 |
| 5 Bedrooms | $4,106 |
| 6 Bedrooms | $4,599 |
| 7 Bedrooms | $4,967 |
| 8 Bedrooms | $5,215 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $1,960 | $102,532 | 1.91% | A+ |
| 2BR | $2,280 | $216,412 | 1.05% | B |
| 3BR | $2,910 | $307,004 | 0.95% | C |
| 4BR | $3,540 | $341,201 | 1.04% | B |
| 5BR | $4,106 | $377,134 | 1.09% | B |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 33573, Sun City Center, FL, in fiscal year 2024 is set at $2140. This figure represents the maximum amount that a landlord can charge for rent under the Section 8 program, which is a government subsidy program for low-income tenants. It's important to note that this is not the rent you will receive; it is the payment standard used by the housing authority to determine the maximum rent subsidy for eligible tenants.
In comparison, the local Zillow Observed Rent Index (ZORI) for the same area stands at $2,155. This means that the market rent is slightly higher than the Section 8 payment standard, indicating that landlords participating in the Section 8 program might have to accept a lower rent compared to non-subsidized rentals.
The renter share in Sun City Center is 17.3%, which suggests a moderate demand for subsidized housing. This percentage reflects the portion of the population that is likely to benefit from the Section 8 program and can afford the subsidized rent.
If you're considering purchasing a property to use as a Section 8 rental, the average acquisition cost for a home in this area is $274,206. This is the typical price you would expect to pay for a property suitable for a rental unit in Sun City Center, based on recent sales data.
Before proceeding with your first Section 8 rental in Sun City Center, ensure that the property meets all the required standards set by the housing authority. This includes passing a thorough inspection for health and safety, and being in compliance with any necessary repairs or upgrades. The housing authority will provide a list of requirements, and failure to meet these can result in denial of participation in the program.
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.