Location: Hendry County, FL | Metro: Glades 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 | $1,030 |
| 1 Bedroom | $1,040 |
| 2 Bedrooms | $1,220 |
| 3 Bedrooms | $1,490 |
| 4 Bedrooms | $1,760 |
| 5 Bedrooms | $2,042 |
| 6 Bedrooms | $2,287 |
| 7 Bedrooms | $2,470 |
| 8 Bedrooms | $2,594 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $1,040 | $178,007 | 0.58% | F |
| 2BR | $1,220 | $205,308 | 0.59% | F |
| 3BR | $1,490 | $290,162 | 0.51% | F |
| 4BR | $1,760 | $324,829 | 0.54% | F |
| 5BR | $2,042 | $561,587 | 0.36% | F |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 33935, Labelle, Florida, set at $1,350 for the metro area fiscal year 2026, is the maximum amount the government will pay towards a tenant's rent under the Section 8 program. This does not mean your rent should be $1,350; it's simply the cap on what the Housing Choice Voucher program will cover.
In comparison, the local ZORI (Zillow Observed Rent Index) for the same area is currently at $2,050. This figure represents the average rent for similar properties in the market. The difference between the FMR and ZORI indicates that landlords participating in Section 8 might receive lower rents compared to the market rate.
The 22.0% renter share in Labelle suggests a moderate demand for rental housing. This percentage shows the proportion of renters in the area, indicating that there is a reasonable number of potential tenants who could benefit from Section 8 vouchers.
If you're considering purchasing a property for your first Section 8 rental, the median home value in the area is around $291,535. This figure can help you gauge the acquisition cost of a typical home in Labelle, Florida. Keep in mind that property values can vary depending on condition, size, and location.
Before you decide to invest in a Section 8 rental property, verify that the property meets the Housing Quality Standards (HQS) required by the program. These standards ensure that the homes are safe and decent for tenants to live in, and failing to meet them can result in non-payment or other penalties.
Section 8 rentals can provide a stable income stream due to the government's involvement in ensuring timely payments. However, it's important to understand that the payment standard is a limit, and you must balance this with the actual costs of maintaining and managing the property. With a local ZORI of $2,050, landlords must carefully consider whether the lower guaranteed rent of $1,350 aligns with their investment goals and financial needs.
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.