Location: Tampa-St. Petersburg-Clearwater, FL | Metro: Tampa-St. Petersburg-Clearwater, FL MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,640 |
| 1 Bedroom | $1,690 |
| 2 Bedrooms | $1,970 |
| 3 Bedrooms | $2,520 |
| 4 Bedrooms | $3,060 |
| 5 Bedrooms | $3,550 |
| 6 Bedrooms | $3,976 |
| 7 Bedrooms | $4,294 |
| 8 Bedrooms | $4,509 |
To effectively integrate ZIP 33646 into a Section 8 portfolio strategy, it's crucial to understand its financial metrics and how they align with investment goals. ZIP 33646, located within the Tampa-St. Petersburg-Clearwater, FL MSA, is best suited as a cash-flow anchor. This classification is based on the Fixed Monthly Rent (FMR) for FY 2024, which is set at $1900. Given that the market rent and median home values are currently not available, the FMR provides a stable baseline for rental income.
The role of a cash-flow anchor is to ensure consistent and predictable income streams within a portfolio. ZIP 33646 offers this stability through the Section 8 program, where the government guarantees rent payments up to the FMR. This means landlords can rely on receiving $1900 per unit each month, assuming tenants do not underpay. In an environment where market rents can fluctuate, having properties in ZIP 33646 can serve as a reliable source of revenue.
While specific figures for appreciation potential and diversification benefits are not available, the lack of detailed market data suggests that ZIP 33646 might be less volatile compared to other areas with more fluctuating rental markets. Therefore, focusing on the guaranteed cash flow from the Section 8 program makes the most strategic sense for landlords and small-portfolio investors looking to stabilize their 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.