Location: Hendry County, FL | Metro: Hendry County, FL
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,000 |
| 1 Bedroom | $1,070 |
| 2 Bedrooms | $1,240 |
| 3 Bedrooms | $1,550 |
| 4 Bedrooms | $1,750 |
| 5 Bedrooms | $2,030 |
| 6 Bedrooms | $2,274 |
| 7 Bedrooms | $2,456 |
| 8 Bedrooms | $2,579 |
U.S. Census Bureau data (2024)
The ZIP code 33930 is characterized by a relatively low percentage of renters at 19.2%, indicating that it is not heavily dominated by rental housing. This suggests that the demand for Section 8 vouchers is likely to be lower compared to areas with higher percentages of renters.
With a median household income of $140,335, residents in this area have a strong financial standing. However, the lack of specific market rent data makes it challenging to accurately assess the proportion of income that goes towards rent. Despite this limitation, we can infer that given the high median income, typical rents would likely consume a smaller percentage of the local income, making it feasible for residents to afford market rates without assistance.
The Fair Market Rent (FMR) for the metro area is set at $1,340 (for FY 2026), which serves as a benchmark for affordable housing. In ZIP 33930, even if we assume that market rents align closely with the FMR, the cost would still represent a relatively modest portion of the median household income, further supporting the notion that rental assistance through Section 8 vouchers is less prevalent.
A landlord in ZIP 33930 should anticipate a tenant pool that primarily consists of individuals and families capable of paying market-rate rents without relying on government subsidies. Tenants here are likely to be financially stable and able to meet their rent obligations without significant issues. The focus for landlords should be on providing high-quality, desirable properties that cater to the expectations of this affluent renter base.
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.