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

FY 2027 Fair Market Rent Rates

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Housing Authorities Serving ZIP 33776

• PINELLAS COUNTY HOUSING AUTHORITY (Largo, FL) - 3,970 Section 8 vouchers
• HOUSING AUTHORITY OF THE CITY OF ST. PETERSBURG (St Petersburg, FL) - 3,913 Section 8 vouchers
• CLEARWATER HOUSING AUTHORITY (Clearwater, FL) - 1,436 Section 8 vouchers
• Boley Centers, Inc. (St Petersburg, FL) - 210 Section 8 vouchers
• TARPON SPRINGS HOUSING AUTHORITY (Tarpon Springs, FL)
• DUNEDIN HOUSING AUTHORITY (Clearwater, FL)

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). 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.