Location: Hardee County, FL | Metro: DeSoto County, FL
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,120 |
| 1 Bedroom | $1,160 |
| 2 Bedrooms | $1,310 |
| 3 Bedrooms | $1,730 |
| 4 Bedrooms | $2,130 |
| 5 Bedrooms | $2,471 |
| 6 Bedrooms | $2,768 |
| 7 Bedrooms | $2,989 |
| 8 Bedrooms | $3,138 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,730 | $439,193 | 0.39% | F |
U.S. Census Bureau data (2024)
The ZIP code 33865 is situated in a neighborhood characterized by a modest population of 488 residents, with a significant portion, 57.9%, being renters. This demographic indicates a community where a considerable number of individuals rely on rental properties, suggesting a steady demand for housing units. The median household income in this area stands at $67,818, which is a comfortable figure but also points towards a middle-class neighborhood. The median home value of $431,369 reflects a stable real estate market, though it's important to note that this figure pertains to homeowners rather than renters.
Moving into the specifics of rental economics, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,390. However, there is no data available for the actual market rent in ZIP 33865. This discrepancy between the FMR and the lack of current market rent data can be seen as an opportunity for hands-on investors who are willing to research and understand the local rental market dynamics. For those interested in hands-off management through Section 8 vouchers, the FMR provides a reliable benchmark for expected rental income.
The question then arises: Is this a suitable location for a hands-off voucher operator or a hands-on value-add buyer? Given the high percentage of renters and the absence of specific market rent data, it leans more towards being a candidate for a hands-on approach. Investors who are prepared to actively manage their properties and engage with the local rental market will likely find greater success in adding value to their investments. They can leverage the existing demand for rentals and the potential mismatch between FMR and actual market rates to optimize their returns.
In conclusion, ZIP 33865 presents itself as a manageable-sized neighborhood with a strong rental market presence. Its middle-income status and stable home values make it an attractive option for real estate investment, particularly for those willing to take a proactive role in managing their properties. The hands-off approach might still work due to the reliance on Section 8 vouchers, but a more engaged strategy could yield better outcomes in this specific ZIP code.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.