Section 8 Fair Market Rent (FMR) for ZIP 33910 - 2027
Location: Cape Coral-Fort Myers, FL | Metro: Cape Coral-Fort Myers, FL MSA
FY 2027 Fair Market Rent Rates
| Unit Size |
Monthly FMR |
| Studio | $1,560 |
| 1 Bedroom | $1,570 |
| 2 Bedrooms | $1,840 |
| 3 Bedrooms | $2,380 |
| 4 Bedrooms | $2,620 |
| 5 Bedrooms | $3,039 |
| 6 Bedrooms | $3,404 |
| 7 Bedrooms | $3,676 |
| 8 Bedrooms | $3,860 |
To determine if a landlord should buy in ZIP code 33910 for Section 8 purposes, follow this decision tree:
- Does the FMR of $1680 clear debt service on a property?
- If yes: Proceed to the next question.
- If no: Do not purchase properties in this area for Section 8. The Fair Market Rent (FMR) must cover the mortgage and other costs to ensure profitability.
- Is the market rent above, at, or below the FMR?
- If market rent is above FMR: It indicates that non-Section 8 tenants might be willing to pay more, which could be advantageous if you plan to switch between Section 8 and regular market tenants.
- If market rent is at or below FMR: This means that the rental income will closely match the FMR, making it less likely to attract higher-paying tenants outside of Section 8. Continue to the next question.
- Are the percentage of renters and days on the market (DOM) sufficient to meet demand?
- If there is a high percentage of renters and low DOM: There is strong demand for rental properties, making it a good area for investment. However, without specific percentages and DOM figures, this cannot be determined conclusively.
- If there is a low percentage of renters or high DOM: Demand for rental properties may be insufficient, leading to potential vacancy issues. Consider other areas with higher demand for rentals.
The decision to invest in ZIP 33910 for Section 8 properties hinges on whether the FMR can support the financial obligations of the property and the local rental market dynamics. Without concrete data on market rent and the rental demand indicators, a final recommendation cannot be made. It depends on the specifics of the property and the broader economic context of Unknown, FL.
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.