Section 8 Fair Market Rent (FMR) for ZIP 33601 - 2027

FY 2027 Fair Market Rent Rates

The Fair Market Rent (FMR) for ZIP code 33601 in Florida for fiscal year 2024 is set at $1900. This figure represents the maximum amount the U.S. Department of Housing and Urban Development (HUD) will pay to cover a tenant's portion of the rent under the Section 8 housing choice voucher program. It is important to note that this does not necessarily mean your rent should be $1900; rather, it is the benchmark HUD uses to ensure that rents are reasonable and fair.

To put this into perspective, the local median rent in ZIP 33601 is currently N/A, which indicates that the FMR is aligned with the average market rent in the area. However, since the median rent data is unavailable, landlords should refer to the FMR as a reliable indicator for setting competitive rental rates.

The demand for rental properties in ZIP 33601 is represented by the N/A% of renters who rely on assistance programs like Section 8. This suggests a significant portion of the population is looking for affordable housing options, making Section 8 vouchers a valuable resource for filling vacancies and ensuring steady income.

When acquiring a property in ZIP 33601, potential costs can vary widely but are typically around N/A. Landlords should be aware that the acquisition cost does not directly correlate with the rental income they will receive through the Section 8 program. Instead, the FMR of $1900 serves as the ceiling for HUD payments, and landlords must ensure that their total rent does not exceed this amount to qualify for the program.

Before deciding to participate in the Section 8 program with a rental property in ZIP 33601, it is crucial to verify that your property meets the minimum housing quality standards known as the Housing Quality Standards (HQS). These standards ensure that the rental unit is safe, decent, and sanitary, which is a requirement for participation in the program.

In summary, the FMR of $1900 for ZIP 33601 sets the upper limit for HUD payments under the Section 8 program. With a strong demand for affordable housing and the need to meet HQS, participating in the Section 8 program can be a strategic move for landlords and small-portfolio investors seeking stable tenants and predictable income.

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.