Section 8 Fair Market Rent (FMR) for ZIP 33776 - 2027

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

Investment Score for ZIP 33776

Monthly Rent (2BR)

$2,790

Median Price (2BR)

$361,361

1% Rule

0.77%

Annual Yield

9.26%

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$2,320
1 Bedroom	$2,400
2 Bedrooms	$2,790
3 Bedrooms	$3,560
4 Bedrooms	$4,330
5 Bedrooms	$5,023
6 Bedrooms	$5,626
7 Bedrooms	$6,076
8 Bedrooms	$6,380

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
2BR	$2,790	$361,361	0.77%	D
3BR	$3,560	$525,309	0.68%	D
4BR	$4,330	$663,053	0.65%	D
5BR	$5,023	$888,497	0.57%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

12,556

Median Household Income

$105,337

Housing Units

5,381

Renter Percentage

9.1%

Occupancy Rate

91.9%

Renter Occupied

452

Seminole, FL, located in ZIP code 33776, is a suburban area known for its blend of residential and commercial spaces, offering landlords and small-portfolio investors a stable market environment. The region benefits from a strong economic foundation, supported by a high median income, which influences rental demand and property values.

The Fair Market Rent (FMR) for ZIP 33776 is set at $2,690 for fiscal year 2024, indicating a competitive rental price point that aligns well with market expectations.
The actual market rent, according to Census ACS data, stands at $2,544, slightly below the FMR but still within a reasonable range for investment properties.
The median home value in Seminole is $496,394, reflecting a robust housing market that can support higher rental rates and property appreciation over time.
Renters make up 9.1% of the local population, suggesting a moderate demand for rental properties. However, the high median income of $105,337 implies that tenants are likely to be financially stable, reducing the risk of default on rent payments.
The days on market (DOM) data is currently N/A, which could indicate a fast-moving market where properties are rented quickly once listed, or it might reflect a lack of recent data on rental turnovers.
The high median income of $105,337 provides a strong financial base for the local economy, supporting the potential for steady rental income and property value growth.

In summary, ZIP 33776 presents a balanced opportunity for real estate investment, particularly in rental properties. With a market rent close to the FMR and a median home value that suggests a healthy housing market, investors can expect stable returns. The moderate renter share coupled with high median incomes points towards a low-risk tenant pool. Despite the lack of DOM data, the overall economic health of the area supports quick property turnovers and sustained rental demand.

Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.