Location: Hendry County, FL | Metro: Hendry County, FL
| Unit Size | Monthly FMR |
|---|---|
| Studio | $970 |
| 1 Bedroom | $980 |
| 2 Bedrooms | $1,150 |
| 3 Bedrooms | $1,420 |
| 4 Bedrooms | $1,690 |
| 5 Bedrooms | $1,960 |
| 6 Bedrooms | $2,195 |
| 7 Bedrooms | $2,371 |
| 8 Bedrooms | $2,490 |
The analysis for ZIP code 33975 reveals a significant gap between the Fair Market Rent (FMR) and the actual market rent. The FMR for the metro area in fiscal year 2026 is set at $1,270. However, the market rent data for this ZIP code is currently unavailable, indicating a potential discrepancy that needs to be addressed.
In the absence of specific market rent figures, it's important to consider the implications of the FMR being higher than the typical rental prices. When the FMR exceeds the market rent, it transforms properties into yield plays for landlords and small-portfolio investors. This means that accepting Section 8 tenants can result in a higher return on investment compared to the average rental income in the area. Landlords who participate in the Section 8 program receive a subsidy that covers the difference between the FMR and the tenant's portion of the rent, which is typically 30% of their income. In ZIP 33975, this could mean securing a stable income stream that outperforms the local rental market, assuming the market rents are indeed lower than the FMR.
Despite the lack of specific data on the percentage of renters, median home values, and median incomes in Unknown, FL, the higher FMR suggests a favorable environment for those willing to take on Section 8 tenants. The subsidy ensures that landlords receive a consistent and often above-market rental rate, making it an attractive option even without detailed local economic metrics.
However, the analysis is limited by the absence of concrete market rent figures, which would provide a clearer picture of the financial landscape in ZIP 33975. To fully understand the cost-benefit of housing voucher tenants below open-market rates, or the extent to which the FMR overestimates the local rental market, more specific data is needed. Until then, the higher FMR serves as a strong indicator of the potential profitability for landlords who choose to engage with 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.