Section 8 Fair Market Rent (FMR) for ZIP 33855 - 2027

Location: Lakeland-Winter Haven, FL | Metro: Lakeland-Winter Haven, FL MSA

Investment Score for ZIP 33855

Monthly Rent (2BR)

$1,410

Median Price (2BR)

$242,449

1% Rule

0.58%

Annual Yield

6.98%

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	$1,110
1 Bedroom	$1,170
2 Bedrooms	$1,410
3 Bedrooms	$1,930
4 Bedrooms	$2,350
5 Bedrooms	$2,726
6 Bedrooms	$3,053
7 Bedrooms	$3,297
8 Bedrooms	$3,462

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	$1,410	$242,449	0.58%	F
3BR	$1,930	$305,463	0.63%	D

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

Median Household Income

$N/A

Housing Units

Renter Percentage

N/A

Occupancy Rate

100.0%

Renter Occupied

The ZIP code 33855, located in Florida, offers a unique real estate landscape characterized by low rental activity and a focus on homeownership. This area presents opportunities for investors looking to understand the local housing market dynamics.

The Fair Market Rent (FMR) for ZIP 33855 is set at $1130 for the fiscal year 2024, indicating the average rent price for a two-bedroom apartment as determined by HUD.
The market rent data for ZIP 33855 is currently N/A, which suggests limited availability of rental properties or insufficient data points to establish a reliable average.
The median home value in ZIP 33855 stands at $292,251, reflecting the typical price range for homes in the area.
Rental activity is minimal, with only 0.0% of the population reported as renters, pointing towards a strong preference for homeownership among residents.
The Days on Market (DOM) data for the area is listed as N/A, implying that there might be a lack of recent sales data to provide an accurate indication of how long properties typically stay on the market before selling.
The median income figure for ZIP 33855 is also marked as N/A, which could mean that the latest census or economic data has not been updated or is not available for this specific region.

Investors should note that the ZIP 33855 market leans heavily towards homeownership, with minimal rental activity. The HUD-determined FMR provides a benchmark for potential rental income, but the lack of market-specific rental data suggests that finding tenants might be challenging. Home values are relatively stable, offering a solid base for investment. However, the absence of recent sales data and median income statistics limits the ability to fully assess market trends and the financial capacity of local buyers. Overall, while there are opportunities for both rental and purchase investments, the data gaps highlight the need for further research and due diligence before making any investment decisions in this area.

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.