Section 8 Fair Market Rent (FMR) for ZIP 33955 - 2027

Location: Punta Gorda, FL | Metro: Cape Coral-Fort Myers, FL MSA

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,470
1 Bedroom	$1,480
2 Bedrooms	$1,820
3 Bedrooms	$2,450
4 Bedrooms	$2,890
5 Bedrooms	$3,352
6 Bedrooms	$3,754
7 Bedrooms	$4,054
8 Bedrooms	$4,257

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

12,399

Median Household Income

$76,943

Housing Units

7,018

Renter Percentage

9.5%

Occupancy Rate

73.1%

Renter Occupied

488

Housing Authorities Serving ZIP 33955

Housing Authority of the City of Fort Myers (Fort Myers, FL) - 2,989 Section 8 vouchers
Lee County Housing Authority (North Fort Myers, FL) - 379 Section 8 vouchers
PUNTA GORDA HOUSING AUTHORITY (Punta Gorda, FL) - 363 Section 8 vouchers

Punta Gorda, located in Florida's ZIP code 33955, is a charming city on the Peace River that offers a blend of natural beauty and urban amenities. The real estate market here is influenced by its desirable location and the broader economic conditions of the region.

The Fair Market Rent (FMR) for ZIP 33955 in fiscal year 2024 is set at $1,530, providing a benchmark for rental pricing.
The Zillow Observed Rent Index (ZORI) indicates that the average market rent for properties in Punta Gorda is $2,356, suggesting that rents are above the FMR and could be attractive for investors seeking higher returns.
The median home value in the area stands at $330,568, reflecting a moderate housing market where both homeownership and rentals coexist.
Renters make up 9.5% of the total population, indicating a relatively small but stable rental market.
The days on market (DOM) for rental listings is 92 days, which is longer than the national average, signaling a competitive rental market where landlords need to offer appealing terms to attract tenants.
The median household income in Punta Gorda is $76,943, providing insight into the financial capacity of potential renters and homeowners.

Synthesizing these points, investors in Punta Gorda can expect a rental market that, while moderately sized, offers above-average rental rates compared to the FMR. The longer DOM suggests that competition among landlords is high, necessitating well-maintained properties and possibly incentives to secure tenants. Given the median home value and income levels, there is a balance between affordability and demand, making it a viable market for those interested in property investment, particularly in rental units.

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.