Location: Naples-Marco Island, 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 | $1,600 |
| 1 Bedroom | $2,110 |
| 2 Bedrooms | $2,300 |
| 3 Bedrooms | $2,920 |
| 4 Bedrooms | $3,180 |
| 5 Bedrooms | $3,689 |
| 6 Bedrooms | $4,132 |
| 7 Bedrooms | $4,463 |
| 8 Bedrooms | $4,686 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $2,110 | $334,951 | 0.63% | D |
| 2BR | $2,300 | $588,686 | 0.39% | F |
| 3BR | $2,920 | $1,296,529 | 0.23% | F |
| 4BR | $3,180 | $2,214,951 | 0.14% | F |
| 5BR | $3,689 | $3,316,193 | 0.11% | F |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 34145, Marco Island, Florida, for fiscal year 2024 is set at $2140. This figure represents the maximum amount that a landlord can charge for rent under the Section 8 program. It's important to note that this is not the rent you will receive; rather, it's the cap on what tenants can pay towards their housing costs.
In comparison, the typical market rent for Marco Island, as indicated by the Zillow Rent Index (ZORI), stands at $5,440. This highlights that the FMR is significantly lower than the average market rate, which can impact your decision to participate in the Section 8 program. However, the FMR ensures a steady income stream and reduces the risk of unpaid rent.
The 10.6% renter share in Marco Island suggests that about 10.6% of the population are renters. This indicates a moderate demand for rental properties. If you're considering entering the Section 8 market, this demand level supports the idea that there will be tenants interested in your property.
When calculating the potential acquisition cost of a property suitable for Section 8 tenants, the median home value of $867,748 provides a useful reference point. This figure reflects the typical price range for homes in Marco Island, which can help you determine if the investment aligns with your financial goals.
Before making a final decision to participate in the Section 8 program, ensure that the property meets all necessary standards and qualifications. Specifically, verify that the unit passes a Housing Quality Standards (HQS) inspection. This is a mandatory step to qualify for the program and ensures that the property is safe, decent, and sanitary for tenants.
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.