Section 8 Fair Market Rent (FMR) for ZIP 33784 - 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 33784, located in Florida, offers a unique real estate landscape for both landlords and small-portfolio investors. This area, though lacking in some detailed metrics, provides a glimpse into the rental market dynamics through the Fair Market Rent (FMR) data.

Fair Market Rent (FMR): The FMR for ZIP 33784 for fiscal year 2024 is set at $1850, indicating the average rent price for a two-bedroom apartment. This figure serves as a benchmark for rental pricing in the area.
Market Rent: Specific market rent data for ZIP 33784 is currently unavailable, which suggests that the local rental market might be less active or not extensively tracked compared to larger urban centers.
Median Home Value: The median home value for the area is also not available, making it difficult to assess the overall property value trends without further investigation.
Renter Share: The percentage of residents who are renters is unknown, which could be critical for understanding the demand for rental properties in the area.
Days on Market (DOM): The average days on market for listings is not available, which would typically help gauge the speed at which properties are rented out or sold.
Median Income: Information regarding the median income of the residents is not available, which is crucial for assessing the ability of potential tenants to afford the rents set at $1850.

Despite the limited availability of certain key metrics, the FMR of $1850 for a two-bedroom apartment in ZIP 33784 provides a foundational reference point for rental pricing. However, the lack of comprehensive data such as market rent, median home values, and median income makes it challenging to fully evaluate the investment potential. Investors should conduct thorough due diligence and consider consulting local real estate professionals to gain deeper insights into the area's rental market performance and economic conditions.

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.