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 | $1,150 |
| 1 Bedroom | $1,190 |
| 2 Bedrooms | $1,380 |
| 3 Bedrooms | $1,760 |
| 4 Bedrooms | $2,140 |
| 5 Bedrooms | $2,482 |
| 6 Bedrooms | $2,780 |
| 7 Bedrooms | $3,002 |
| 8 Bedrooms | $3,152 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,380 | $289,437 | 0.48% | F |
| 3BR | $1,760 | $328,222 | 0.54% | F |
| 4BR | $2,140 | $430,761 | 0.5% | F |
U.S. Census Bureau data (2024)
ZIP code 33576, located in San Antonio, FL, is part of the larger Tampa-St. Petersburg-Clearwater, FL MSA. To analyze its position within the metro, consider the following metrics:
The Fair Market Rent (FMR) for ZIP 33576 is set at $1490 for fiscal year 2024. This figure represents the maximum amount that a household receiving federal rental assistance can be charged. In comparison, the average market rent for the ZIP is $2,061, indicating that there is a gap between what subsidized tenants can afford and the market rate. This suggests that landlords in 33576 who participate in the Section 8 program might need to adjust their expectations for rental income.
The median home value in ZIP 33576 stands at $348,354, which is likely lower than the metro-wide average. This could indicate that 33576 is a more affordable area within the Tampa-St. Petersburg-Clearwater MSA, potentially attracting first-time buyers and those seeking more economical housing options.
The renter share in 33576 is 4.5%, which is relatively low compared to typical urban areas within the MSA. However, this does not necessarily mean it is a less desirable location for renters; it simply reflects a higher proportion of homeownership in the area.
To determine if 33576 is a value pocket, a mid-tier neighborhood, or a premium sub-market, we must look at the interplay between these figures. The fact that the FMR is significantly lower than the market rent, coupled with a below-average median home value and a modest renter share, suggests that 33576 could be a value pocket within its metro. This means it offers relatively affordable housing options for both owners and renters, making it an attractive option for those looking to minimize costs.
A high renter share with below-metro home values typically signals a Section 8 sweet spot, but since the renter share in 33576 is only 4.5%, this ZIP code does not fit that profile. Instead, landlords and small-portfolio investors should view 33576 as an area where they can offer affordable housing options and still participate in the Section 8 program, albeit with some adjustments to expected rental income levels.
Investors should also note the potential for appreciation in home values, given that 33576's median home value is lower than the metro average. This could present opportunities for long-term investment, particularly for those interested in the owner-occupied market.
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.