Location: Cape Coral-Fort Myers, FL | Metro: Cape Coral-Fort Myers, FL MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,480 |
| 1 Bedroom | $1,490 |
| 2 Bedrooms | $1,850 |
| 3 Bedrooms | $2,430 |
| 4 Bedrooms | $2,690 |
| 5 Bedrooms | $3,120 |
| 6 Bedrooms | $3,494 |
| 7 Bedrooms | $3,774 |
| 8 Bedrooms | $3,963 |
U.S. Census Bureau data (2024)
The ZIP code 33965, located within the Cape Coral-Fort Myers, FL MSA, presents a unique profile when compared to other ZIP codes in the same metropolitan area. With a Fair Market Rent (FMR) of $2110 for fiscal year 2024, it stands out significantly. This figure is notably higher than the market rent of $1,339, indicating that the federal guidelines for affordable housing set a higher threshold for rental prices in this area.
The absence of a listed home value for 33965 suggests that this ZIP code might be predominantly a rental market, which aligns with its 100.0% renter share. This characteristic alone marks 33965 as distinct within the Cape Coral-Fort Myers metro, where a mix of homeownership and renting is more common. A 100.0% renter share implies that all residents are renters, a situation that can occur in areas with high concentrations of rental properties, such as apartments or mobile homes.
Given the high FMR and the fact that all residents are renters, 33965 could be considered a prime location for landlords and small-portfolio investors interested in Section 8 housing opportunities. The disparity between the FMR and the actual market rent points towards an area where there's potential for landlords to receive higher subsidies per unit, making it a valuable pocket within the larger metro area. However, the lack of home value data means we cannot directly compare property prices to the rest of the metro, which would be essential for determining if this ZIP code is a mid-tier neighborhood or a premium sub-market based on asset value.
In summary, 33965 offers a strong case for being a Section 8 sweet spot due to its high renter share and favorable subsidy rates. For investors, this means a focus on rental properties over owner-occupied ones, capitalizing on the federal support for affordable housing in this area.
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.