Section 8 Fair Market Rent (FMR) for ZIP 34206 - 2027

Location: North Port-Bradenton-Sarasota, FL | Metro: North Port-Bradenton-Sarasota, FL MSA

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,660
1 Bedroom	$1,780
2 Bedrooms	$2,080
3 Bedrooms	$2,640
4 Bedrooms	$3,150
5 Bedrooms	$3,654
6 Bedrooms	$4,092
7 Bedrooms	$4,419
8 Bedrooms	$4,640

The ZIP code 34206, located in Florida, is an area ripe for real estate investment, particularly in rental properties. The Fair Market Rent (FMR) for the region stands at $1720 per month for the fiscal year 2024, providing a benchmark for rental pricing. Below is a concise analysis based on available data points:

Fair Market Rent (FMR) for ZIP 34206 is set at $1720 per month for fiscal year 2024, indicating a stable rental price environment.
The exact market rent is currently unavailable, but the FMR provides a reliable estimate for the minimum acceptable rental rates.
The median home value is also not available, which might suggest limited data on home sales, making it harder to assess appreciation potential.
The percentage of residents who are renters is not specified, but the FMR suggests that there is demand for affordable housing in the area.
The number of days on the market (DOM) is not provided, which could be critical for understanding how quickly properties are leased or sold.
The median income figure is not available, which would have been useful for gauging the financial stability of potential tenants.

Given the available data, landlords and small-portfolio investors should focus on setting competitive rental prices around the $1720 mark. The lack of specific market rent and median home value data implies a need for further research to understand the local real estate dynamics fully. Despite this, the stable FMR suggests that the area is conducive to rental investments. The unknown percentage of renters and median income figures indicate that demographic studies are essential to ensure a steady tenant base. In summary, while there is promise in the rental market, due diligence is necessary to navigate the uncertainties presented by incomplete data.

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.