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 | $1,050 |
| 1 Bedroom | $1,110 |
| 2 Bedrooms | $1,450 |
| 3 Bedrooms | $1,970 |
| 4 Bedrooms | $2,350 |
| 5 Bedrooms | $2,726 |
| 6 Bedrooms | $3,053 |
| 7 Bedrooms | $3,297 |
| 8 Bedrooms | $3,462 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,450 | $238,312 | 0.61% | D |
| 3BR | $1,970 | $385,727 | 0.51% | F |
| 4BR | $2,350 | $435,502 | 0.54% | F |
U.S. Census Bureau data (2024)
ZIP code 33982, located in Punta Gorda, FL, stands out within the Punta Gorda, FL MSA metro area based on its Fair Market Rent (FMR) and other housing metrics. The FMR for ZIP 33982 in fiscal year 2024 is set at $1,250, which is significantly lower than the market rent of $2,372. This indicates that the zip code offers affordable rental options compared to what the market demands, potentially making it attractive for low-income renters and those seeking subsidized housing.
The median home value in ZIP 33982 is $357,454, which is notably lower than the average home value within the broader Punta Gorda, FL MSA. This suggests that the zip code is a value pocket, offering homes at a lower price point than the surrounding areas. A lower home value can also mean that landlords and small-portfolio investors can acquire properties at a relatively lower cost, providing an opportunity for higher returns on investment when compared to more expensive sub-markets within the metro.
The renter share in ZIP 33982 is 11.2%, which is above the typical share found in most ZIP codes within the Punta Gorda, FL MSA. High renter share combined with below-average home values often points towards a potential sweet spot for Section 8 properties. Landlords in this area could benefit from a larger pool of potential tenants who qualify for Section 8 assistance, thereby ensuring steady occupancy rates.
In summary, ZIP 33982 appears to be a value pocket within the Punta Gorda, FL MSA, characterized by lower home values and a higher-than-average renter share. These factors, coupled with the disparity between the FMR and market rent, suggest that it is an ideal location for Section 8 properties. Investors should consider the potential advantages of this zip code, including the possibility of securing a reliable tenant base through the Section 8 program and acquiring properties at a lower cost relative to the metro area.
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.