Location: Hendry County, FL | Metro: Naples-Marco Island, 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 | $1,260 |
| 1 Bedroom | $1,620 |
| 2 Bedrooms | $1,790 |
| 3 Bedrooms | $2,330 |
| 4 Bedrooms | $2,530 |
| 5 Bedrooms | $2,935 |
| 6 Bedrooms | $3,287 |
| 7 Bedrooms | $3,550 |
| 8 Bedrooms | $3,728 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,790 | $301,139 | 0.59% | F |
| 3BR | $2,330 | $382,164 | 0.61% | D |
| 4BR | $2,530 | $483,119 | 0.52% | F |
U.S. Census Bureau data (2024)
The ZIP code 34142, located in Immokalee, FL, presents a unique scenario when classified based on yield and stability. The Fair Market Rent (FMR) for ZIP 34142 in fiscal year 2024 is set at $1,620, which is notably lower than the market rent of $2,522. This discrepancy indicates a potential opportunity for high rental yields if properties can be leased at or near market rates. However, the median home value of $342,513 suggests that investment properties in this area might have higher acquisition costs compared to other regions.
In terms of stability, ZIP 34142 has a significant portion of its residents as renters, with 48.7% of the population renting their homes. This figure implies a consistent demand for rental properties. Additionally, the average Days on Market (DOM) for properties is 93 days, indicating a moderate time to sell or lease. A shorter DOM could suggest a more stable market where properties are quickly absorbed, while a longer DOM might signal instability or oversupply.
The median household income in ZIP 34142 is $62,333. This figure is crucial for assessing the ability of tenants to sustain long-term leases and pay consistent rent. While the income level is not exceptionally high, it aligns reasonably well with the FMR, suggesting that most residents can afford the fair market rent.
Given these metrics, ZIP 34142 appears to be a high-yield/low-stability market. The substantial gap between the FMR and market rent supports a high-yield environment, but the relatively high DOM and median home value indicate some level of risk and less stability. Landlords and small-portfolio investors should consider the potential for higher returns but also be prepared for the challenges associated with a less stable market.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.