Location: Tampa-St. Petersburg-Clearwater, FL | Metro: Tampa-St. Petersburg-Clearwater, FL MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $2,010 |
| 1 Bedroom | $2,070 |
| 2 Bedrooms | $2,410 |
| 3 Bedrooms | $3,080 |
| 4 Bedrooms | $3,740 |
| 5 Bedrooms | $4,338 |
| 6 Bedrooms | $4,859 |
| 7 Bedrooms | $5,248 |
| 8 Bedrooms | $5,510 |
U.S. Census Bureau data (2024)
The ZIP code 33744 presents a unique challenge for landlords and small-portfolio investors due to limited data on rental demographics and income levels. However, based on the available information, it's possible to draw some conclusions about the suitability of this area for Section 8 tenants.
With a population of 59, it's evident that the number of potential renters is quite small. This makes it difficult to assess whether there is a significant demand for rental properties supported by Section 8 vouchers. The lack of percentage data on renters versus homeowners further complicates the analysis, indicating that the area might be predominantly owner-occupied, which would suggest that vouchers are less common.
The absence of specific figures for median household income and market rent means we cannot accurately calculate the proportion of local income that goes towards housing. However, we can compare the Fair Market Rent (FMR) figure of $2370 (for fiscal year 2024) to what we know about typical rents in other areas. If the local market rent is below this FMR, then Section 8 vouchers could cover a larger portion of the rent, making it easier for landlords to accept them without financial loss. Conversely, if local rents exceed or are close to the FMR, landlords might find it challenging to attract tenants with vouchers.
In conclusion, while the exact nature of the tenant pool in ZIP 33744 remains unclear due to insufficient data, landlords should prepare for a scenario where the number of potential renters is low and the use of Section 8 vouchers may not be widespread. Tenants who do apply with vouchers will likely have incomes significantly below the median, and landlords must ensure that their rent pricing aligns closely with the FMR to avoid over-relying on tenants who cannot afford higher rates.
Data Sources: FMR data from HUD (2027). Demographics from U.S. Census (2024).
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.