Section 8 Fair Market Rent (FMR) for ZIP 33684 - 2027

FY 2027 Fair Market Rent Rates

The classification of ZIP 33684 (Town 'N Country, FL) on the yield and stability axes is based on the available Fair Market Rent (FMR) data and median home values.

Yield: According to the data from Realtor.com, the Fair Market Rent for a four-bedroom unit in ZIP 33684 for fiscal year 2024 is $1,900. This figure indicates a moderate yield potential for landlords and small-portfolio investors, especially when compared to the median home value which is not directly provided but can be inferred from similar data points in the area. Median home values in nearby ZIP codes suggest that the home value in 33684 is likely higher, leading to potentially lower yields relative to home value.

Stability: Stability in this context is assessed through metrics such as the percentage of renters, days on market (DOM), and income levels. Unfortunately, specific data for ZIP 33684 regarding these metrics was not found in the recent search. However, the general trend in the Tampa area suggests a relatively stable market with consistent demand for rental properties.

Given the available information, ZIP 33684 appears to be a steady-cashflow zone rather than a high-yield/low-stability flip-style market. The moderate FMR of $1,900 combined with the lack of specific instability indicators points towards a reliable investment opportunity for those seeking long-term rental income. To make a more precise determination, additional research into the specific percentages of renters, DOM, and income levels within ZIP 33684 would be beneficial.

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.