Location: Punta Gorda, FL | Metro: Punta Gorda, FL MSA
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,180 |
| 1 Bedroom | $1,230 |
| 2 Bedrooms | $1,610 |
| 3 Bedrooms | $2,180 |
| 4 Bedrooms | $2,610 |
| 5 Bedrooms | $3,028 |
| 6 Bedrooms | $3,391 |
| 7 Bedrooms | $3,662 |
| 8 Bedrooms | $3,845 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,610 | $203,339 | 0.79% | D |
| 3BR | $2,180 | $359,738 | 0.61% | D |
| 4BR | $2,610 | $386,797 | 0.67% | D |
| 5BR | $3,028 | $482,695 | 0.63% | D |
U.S. Census Bureau data (2024)
ZIP code 33981, located in Port Charlotte, FL, is part of the Punta Gorda, FL Metropolitan Statistical Area (MSA). The Fair Market Rent (FMR) for ZIP 33981 in fiscal year 2024 is set at $1,650. This compares to an average market rent of $2,003 in the area. Additionally, the median home value in ZIP 33981 is $339,352, while the renter share is 9.3%.
When analyzing these figures, it becomes evident that ZIP 33981 presents characteristics of a value pocket within the Punta Gorda, FL MSA. The FMR of $1,650 is notably lower than the market rent of $2,003, indicating that federally subsidized rental units are priced below the market rate. This can be advantageous for landlords who wish to participate in the Section 8 program, as they will receive a higher percentage of the rent compared to what they would typically charge.
The median home value of $339,352 is also indicative of a relatively affordable market within the MSA. In comparison to other ZIP codes within the metro, which might have higher home values, this suggests that ZIP 33981 is a more budget-friendly option for both homeowners and renters.
The renter share of 9.3% is another key figure. While this percentage is lower than what might be considered a sweet spot for Section 8 investments, it still represents a significant portion of the population that relies on rental housing. A lower renter share combined with below-average home values can signal a stable demand for rental properties, particularly those that offer affordable rates.
In summary, ZIP 33981 stands out as a value pocket within the Punta Gorda, FL MSA. Its lower FMR and median home value make it attractive for landlords interested in participating in the Section 8 program. Although the renter share is not exceptionally high, it still points to a viable market for rental investments.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.