Section 8 Fair Market Rent (FMR) for ZIP 33949 - 2027

FY 2027 Fair Market Rent Rates

ZIP code 33949, located in Florida, is an area ripe for investment in the rental market, particularly for those familiar with the intricacies of Section 8 housing. The Federal Market Rent (FMR) for this zip code in fiscal year 2024 is set at $1380, providing a clear benchmark for rental pricing.

• The Federal Market Rent (FMR) for ZIP 33949 in fiscal year 2024 is $1380, which serves as a guideline for landlords participating in the Section 8 program.
• The current market rent data for ZIP 33949 is not available, indicating a lack of recent rental listings or insufficient data to form a reliable average.
• The median home value for the area is also not available, suggesting that the area might be predominantly rental-focused or lacks sufficient home sales data for accurate valuation.
• The percentage of residents who are renters is not available, but given the presence of Section 8, it's likely a significant portion of the population relies on subsidized housing.
• The days on market (DOM) for properties in ZIP 33949 is not available, which could mean either a very active or inactive market, depending on the context.
• The median household income for ZIP 33949 is not available, making it challenging to assess the economic profile of potential tenants.

In summary, ZIP 33949 presents a unique opportunity for landlords and small-portfolio investors looking to engage with the Section 8 housing program. With an FMR of $1380, the area offers a predictable income stream for rental properties. However, the absence of other key metrics such as market rent, median home value, and median income suggests a need for thorough local research to fully understand the dynamics of the rental market. Despite these gaps, the demand for affordable housing in the area is evident, making it a viable option for investors willing to navigate the specifics of the Section 8 program.

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.