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 | $1,600 |
| 1 Bedroom | $1,710 |
| 2 Bedrooms | $2,000 |
| 3 Bedrooms | $2,540 |
| 4 Bedrooms | $3,020 |
| 5 Bedrooms | $3,503 |
| 6 Bedrooms | $3,923 |
| 7 Bedrooms | $4,237 |
| 8 Bedrooms | $4,449 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $1,710 | $134,621 | 1.27% | A |
| 2BR | $2,000 | $213,443 | 0.94% | C |
| 3BR | $2,540 | $438,940 | 0.58% | F |
| 4BR | $3,020 | $796,764 | 0.38% | F |
U.S. Census Bureau data (2024)
The ZIP code 34210 in Bradenton, FL, is characterized by a significant rental population, with 39.3% of residents being renters. This makes it a prime location for landlords and small-portfolio investors looking to attract Section 8 tenants. The total population of 17,682 provides a substantial base for housing demand.
The median household income in this area is $64,244, which is notably lower than the national average. Given the market rent of $1,663, typical rent consumes approximately 25.7% of the local median income. This calculation is derived from dividing the market rent by the median income and multiplying by 100. It indicates that rent is a considerable portion of the income for many residents, likely leading to high demand for affordable housing options such as those supported by Section 8 vouchers.
The Fair Market Rent (FMR) for ZIP 34210 is set at $1,680 for FY 2024, closely aligning with the current market rent. This suggests that the rental market is fairly efficient and that the FMR accurately reflects the cost of renting in the area. For landlords, this means that the maximum rent they can charge under the Section 8 program is nearly identical to the prevailing market rates, providing a stable and predictable income stream.
In this ZIP code, landlords should expect tenants who rely on Section 8 vouchers due to the significant percentage of renters and the relatively low median income. These tenants will be seeking affordable housing options and are likely to be families or individuals with limited financial resources. Landlords must adhere to the requirements of the Section 8 program, including regular inspections and maintenance, to ensure compliance and continued participation in the program.
The strong presence of renters and the alignment of market rents with the FMR indicate that there is a robust demand for subsidized housing in ZIP 34210. This environment presents an opportunity for landlords to serve a critical need while maintaining a steady rental income. However, it also requires a commitment to the responsibilities of participating in the Section 8 program, ensuring that units meet the necessary standards and that tenants have access to safe and affordable living conditions.
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.