Section 8 Fair Market Rent (FMR) for ZIP 33736 - 2027

Location: Tampa-St. Petersburg-Clearwater, FL | Metro: Tampa-St. Petersburg-Clearwater, FL MSA

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,610
1 Bedroom	$1,660
2 Bedrooms	$1,930
3 Bedrooms	$2,470
4 Bedrooms	$3,000
5 Bedrooms	$3,480
6 Bedrooms	$3,898
7 Bedrooms	$4,210
8 Bedrooms	$4,421

The ZIP code 33736, located in Florida, presents a unique opportunity for real estate investors looking to capitalize on the housing market dynamics. This area is characterized by its moderate rental costs and potential for growth, making it a strategic choice for those interested in Section 8 properties.

Fair Market Rent (FMR) for ZIP 33736 is set at $1850 for fiscal year 2024. This figure represents the maximum amount that can be charged for a Section 8 voucher, providing a clear guideline for rental pricing.
The median home value in the area is currently unavailable. However, given the surrounding market trends, it's reasonable to assume that there is potential for appreciation as the local economy strengthens.
Renter share data is not available for ZIP 33736. Despite this, the high demand for affordable housing suggests a significant portion of residents rely on rental properties, including those subsidized by Section 8.
The Days on Market (DOM) statistic is also not available. This metric would typically indicate how quickly properties are selling, but its absence means we must look at other factors to gauge market speed.
Average median income data for ZIP 33736 is not available. Understanding the income levels of potential tenants is crucial for setting appropriate rents and ensuring a stable tenant base.

Despite the lack of specific data points such as median home value, renter share, DOM, and median income, the established Fair Market Rent of $1850 for Section 8 vouchers provides a solid foundation for investment decisions. The area's reliance on affordable housing options indicates a steady demand for rental properties, particularly those that cater to low-income families. Investors should focus on maintaining properties to meet or exceed the quality standards required for Section 8 participation while keeping an eye on broader economic indicators that could affect future rental values and tenant demographics.

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.