Location: Glades County, FL | Metro: Sebring, FL MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $990 |
| 1 Bedroom | $1,100 |
| 2 Bedrooms | $1,320 |
| 3 Bedrooms | $1,620 |
| 4 Bedrooms | $1,990 |
| 5 Bedrooms | $2,308 |
| 6 Bedrooms | $2,585 |
| 7 Bedrooms | $2,792 |
| 8 Bedrooms | $2,932 |
U.S. Census Bureau data (2024)
ZIP code 33960, located within the Glades County, FL metro, presents a unique profile when compared to other ZIP codes in the region. The Fair Market Rent (FMR) for 33960 in fiscal year 2024 is set at $1150. This figure is notably higher than the average market rent of $864, indicating that the area may be slightly overpriced according to government standards. However, the median home value of $379,368 is on par with what one might expect in the county, suggesting a balanced market.
The renter share of 15.6% in ZIP 33960 is an important metric to consider. This percentage is indicative of a moderate level of rental activity, which is neither unusually high nor low for the area. When analyzing the data, it's clear that 33960 is not a value pocket, given its above-average FMR relative to market rents. It also doesn't fit the criteria of a premium sub-market, as the home values are typical for the county.
Instead, ZIP 33960 can be classified as a mid-tier neighborhood within the Glades County, FL metro. The FMR is higher than the market rent, but the home values align closely with the broader county averages. This suggests that while there may be some opportunities for rental income, the potential for Section 8 participation is limited by the relatively high FMR.
It's worth noting that a high renter share with below-metro home values often signals a prime opportunity for Section 8 properties. In the case of 33960, the renter share is moderate, and the home values are consistent with the county average, which means that while it may attract some renters, it doesn't stand out as a particularly attractive location for Section 8 investors seeking undervalued properties.
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.