Location: Tampa-St. Petersburg-Clearwater, FL | Metro: Tampa-St. Petersburg-Clearwater, FL MSA
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,550 |
| 1 Bedroom | $1,600 |
| 2 Bedrooms | $1,860 |
| 3 Bedrooms | $2,380 |
| 4 Bedrooms | $2,890 |
| 5 Bedrooms | $3,352 |
| 6 Bedrooms | $3,754 |
| 7 Bedrooms | $4,054 |
| 8 Bedrooms | $4,257 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $1,600 | $132,141 | 1.21% | A |
| 2BR | $1,860 | $180,082 | 1.03% | B |
| 3BR | $2,380 | $347,453 | 0.68% | D |
| 4BR | $2,890 | $479,732 | 0.6% | D |
U.S. Census Bureau data (2024)
The ZIP code 33760, located in South Highpoint, Florida, is a renter-heavy area with significant potential for Section 8 tenants. With a population of 20,501, over half—50.9%—are renters, indicating a robust market for rental properties. The median household income in this area stands at $69,596, which provides insight into the economic context of the residents.
In terms of affordability, the typical market rent of $1,497 represents approximately 21.5% of the median household income. This percentage suggests that while rent is a considerable expense, it remains within a reasonable range for most households. However, comparing the market rent to the Fair Market Rent (FMR) of $1,890 for FY 2024, it becomes evident that rents in 33760 are below the FMR, making the area attractive for both existing and prospective Section 8 tenants who can leverage their vouchers to cover a larger portion of their housing costs.
The deep voucher demand in this ZIP code means that landlords can expect a steady stream of qualified applicants seeking affordable housing options. These tenants will likely have their rent subsidized by the government, reducing financial risk and ensuring consistent payments. Landlords should anticipate working with individuals and families whose combined incomes do not exceed 50% of the area median income, as required by the Section 8 program. This translates to an annual income cap of roughly $34,798 for a household of four, based on the median income figure provided.
To summarize, the ZIP code 33760 presents itself as a favorable location for landlords looking to attract Section 8 tenants. The high percentage of renters and below-FMR market rents create an environment conducive to a strong tenant pool. Landlords should prepare for applications from low-income families and individuals who benefit from the rental assistance program, ensuring compliance with HUD regulations and maintaining quality standards to meet the needs of these tenants effectively.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.