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 |
$1900 is the Fair Market Rent (FMR) for ZIP 33681 in Florida for fiscal year 2024. While the specific market rent, median home value, renter share, and median income for ZIP 33681 were not available, the real estate landscape in the broader Tampa area provides insight into potential investment opportunities.
In ZIP 33681, the lack of precise market data does not obscure the fact that the housing market is robust. For instance, properties listed on Zillow in the vicinity of ZIP 33681 include a $3,499,000 house with 5 bedrooms and 7 bathrooms, indicating high-end residential demand. Another property, priced at $3,250,000, features 4 bedrooms and 5 bathrooms, suggesting a consistent trend in luxury housing investments.
The presence of auctions and lower-priced listings, such as an estimated $1.3M property, also highlights diverse market conditions. A $2,499,000 house with 4 bedrooms and 5 bathrooms further underscores the availability of mid-range luxury properties. Additionally, a $1,799,000 house with 5 bedrooms and 7 bathrooms offers a balance between size and cost, while a $1,099,000 property with 4 bedrooms and 4 bathrooms presents a more affordable option within the same market.
Given the $1900 FMR for Section 8 tenants in ZIP 33681, it's clear that the rental market is competitive. However, the disparity between the FMR and the market prices suggests a significant gap that could be leveraged by savvy investors. The Section 8 program can provide a stable income stream for landlords willing to accept the voucher system.
Verdict: ZIP 33681 offers a mix of high-end and mid-range investment opportunities, with Section 8 being a viable option for securing steady rental income despite the limited specific market data.
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.