Location: Lakeland-Winter Haven, FL | Metro: Lakeland-Winter Haven, FL MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,150 |
| 1 Bedroom | $1,220 |
| 2 Bedrooms | $1,470 |
| 3 Bedrooms | $2,020 |
| 4 Bedrooms | $2,460 |
| 5 Bedrooms | $2,854 |
| 6 Bedrooms | $3,196 |
| 7 Bedrooms | $3,452 |
| 8 Bedrooms | $3,625 |
U.S. Census Bureau data (2024)
The ZIP code 33835 stands out due to its relatively small population of only 115 residents, with a significant portion, 42.0%, renting their homes. This indicates a high demand for rental properties in the area. However, the lack of data on median income and median home value suggests that the economic profile of the residents and property owners in this ZIP code is not well-defined, which could be a challenge for landlords and investors seeking detailed financial insights.
Moving onto the voucher economics, the Fair Market Rent (FMR) for ZIP 33835 in fiscal year 2024 is set at $1250. This figure is crucial for landlords and small-portfolio investors who participate in the Section 8 program, as it directly influences the rent they can charge for subsidized units. The absence of current market rent data means that landlords must rely on the FMR to gauge rental pricing, potentially limiting their ability to adjust rates based on local market conditions.
Given the limited dataset available for ZIP 33835, it's difficult to definitively categorize the area as either stable or transitional. However, the reliance on Section 8 vouchers and the significant percentage of renters suggest a community that might be experiencing some level of economic flux, where affordable housing plays a critical role. Landlords should consider the FMR as a key benchmark while also being prepared for potential changes in the local rental market dynamics.
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.