Location: North Port-Bradenton-Sarasota, FL | Metro: North Port-Bradenton-Sarasota, 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 | $1,480 |
| 1 Bedroom | $1,590 |
| 2 Bedrooms | $1,850 |
| 3 Bedrooms | $2,350 |
| 4 Bedrooms | $2,800 |
| 5 Bedrooms | $3,248 |
| 6 Bedrooms | $3,638 |
| 7 Bedrooms | $3,929 |
| 8 Bedrooms | $4,125 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $1,590 | $80,477 | 1.98% | A+ |
| 2BR | $1,850 | $166,163 | 1.11% | B |
| 3BR | $2,350 | $312,846 | 0.75% | D |
| 4BR | $2,800 | $352,181 | 0.8% | D |
U.S. Census Bureau data (2024)
The potential risks for a Section 8 landlord in ZIP 34207, Bradenton, FL, are significant. Tenant turnover is a concern, as the market rent stands at $1,568 compared to the Fair Market Rent (FMR) of $1,560 for fiscal year 2024. This slight disparity can lead to higher turnover rates, impacting the stability of rental income. Vacancy exposure is another critical issue, with an average Days on Market (DOM) of 62 days. This extended period can result in lost rental revenue and increased marketing costs. Additionally, the deferred maintenance exposure is notable, considering the typical home value of $209,612 and the median income of $45,010. The lower median income suggests that tenants may have limited funds for maintaining their homes, potentially leading to more wear and tear.
However, these risks must be weighed against the high renter share in the area, which is 38.8%. A high proportion of renters typically indicates strong demand for housing vouchers, making it easier to find qualified tenants willing to use Section 8 vouchers. This robust demand can mitigate some of the financial risks associated with vacancy and turnover.
In conclusion, the investment risk for a first-time Section 8 landlord in ZIP 34207 is moderate.
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.