Location: Lakeland-Winter Haven, FL | Metro: Lakeland-Winter Haven, FL MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,110 |
| 1 Bedroom | $1,180 |
| 2 Bedrooms | $1,420 |
| 3 Bedrooms | $1,950 |
| 4 Bedrooms | $2,370 |
| 5 Bedrooms | $2,749 |
| 6 Bedrooms | $3,079 |
| 7 Bedrooms | $3,325 |
| 8 Bedrooms | $3,491 |
U.S. Census Bureau data (2024)
The ZIP code 33867 is not suitable for targeting Section 8 tenants due to the extremely low percentage of renters at 0.0%. This indicates that the area is predominantly composed of homeowners rather than renters, which means there will be less demand for rental properties using housing vouchers.
With the median household income being listed as N/A, it's impossible to provide a direct comparison between local incomes and market rents. However, the lack of available income data suggests limited economic information, which can make financial planning for rental investments challenging.
The Fair Market Rent (FMR) for the area is set at $1220 for fiscal year 2024. Given the homeowner-dominated nature of the ZIP, typical rents would likely be lower than the FMR, but without specific market rent figures, we cannot determine the exact percentage of local income that rent consumes. In areas where data is available, typical market rents often range from 25% to 35% of median household income; however, this relationship cannot be confirmed for ZIP 33867 due to missing income data.
A landlord in ZIP 33867 should expect a tenant pool that is not heavily reliant on Section 8 vouchers. The scarcity of voucher holders combined with the lack of comprehensive economic data makes it difficult to attract a significant number of subsidized tenants. Instead, landlords might find success focusing on the broader rental market, which appears to be underdeveloped compared to the strong presence of homeownership.
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.