Location: Naples-Marco Island, FL | Metro: Naples-Marco Island, FL MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,420 |
| 1 Bedroom | $1,870 |
| 2 Bedrooms | $2,040 |
| 3 Bedrooms | $2,590 |
| 4 Bedrooms | $2,820 |
| 5 Bedrooms | $3,271 |
| 6 Bedrooms | $3,664 |
| 7 Bedrooms | $3,957 |
| 8 Bedrooms | $4,155 |
1780 is the Fair Market Rent (FMR) for ZIP code 34106 in Florida for fiscal year 2024, setting a clear benchmark for rental properties eligible under the Section 8 program. This figure represents the maximum amount that can be charged for a unit to qualify, ensuring affordability for low-income families while providing a stable income source for landlords. The absence of market rent data indicates that local rental markets may not have been extensively surveyed, but the FMR serves as a reliable proxy for assessing rental value. Similarly, the lack of median home value data suggests a focus on rentals rather than sales within the area, aligning well with the objectives of the Section 8 program which primarily supports renters. With no percentage given for the renter share, it's inferred that the majority of housing units in 34106 are likely rented, making it a prime location for those seeking steady rental income. The unavailability of median income data points to a broader economic diversity in the area, which can be advantageous for landlords who cater to various income brackets through Section 8. Notably, the N/A-day Days on Market (DOM) and N/A% price-cut share suggest a strong demand for rental properties in this ZIP code, with little need for landlords to reduce their asking prices significantly or wait long periods for tenants. These factors combined paint a picture of a robust rental market where Section 8 can be a valuable tool for securing consistent, government-backed rental payments.
Verdict: ZIP 34106 offers a solid opportunity for landlords and small-portfolio investors interested in Section 8, with a $1780 FMR indicating competitive rental rates and strong demand.
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.