Section 8 Fair Market Rent (FMR) for ZIP 34217 - 2027
Location: North Port-Bradenton-Sarasota, FL | Metro: North Port-Bradenton-Sarasota, FL MSA
Investment Score for ZIP 34217
F
Monthly Rent (2BR)
$2,240
Median Price (2BR)
$637,084
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
FY 2027 Fair Market Rent Rates
| Unit Size |
Monthly FMR |
| Studio | $1,790 |
| 1 Bedroom | $1,920 |
| 2 Bedrooms | $2,240 |
| 3 Bedrooms | $2,840 |
| 4 Bedrooms | $3,390 |
| 5 Bedrooms | $3,932 |
| 6 Bedrooms | $4,404 |
| 7 Bedrooms | $4,756 |
| 8 Bedrooms | $4,994 |
Investment Analysis by Bedroom Size
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms |
Monthly FMR |
Median Price |
1% Rule |
Grade |
| 1BR |
$1,920 |
$352,875 |
0.54% |
F |
| 2BR |
$2,240 |
$637,084 |
0.35% |
F |
| 3BR |
$2,840 |
$1,266,195 |
0.22% |
F |
| 4BR |
$3,390 |
$2,058,729 |
0.16% |
F |
| 5BR |
$3,932 |
$2,790,110 |
0.14% |
F |
Demographics & Housing Statistics
U.S. Census Bureau data (2024)
Median Household Income
$80,972
To decide if you should buy in ZIP 34217 (Holmes Beach, FL) for Section 8, follow this decision tree:
- Does FMR $1930 (zip FY 2024) clear debt service on an $848,728 property?
- If yes: The Fair Market Rent (FMR) of $1930 is sufficient to cover the debt service on a property valued at $848,728. This means that the rental income from a Section 8 tenant will be adequate to meet the mortgage obligations.
- If no: The FMR of $1930 does not clear the debt service on an $848,728 property. In this case, landlords would face financial difficulties covering their mortgage payments solely with Section 8 rents.
- Is market rent $1,688 (Census ACS) above, at, or below FMR?
- If market rent is above FMR: At $1,688, the market rent is actually below the FMR of $1930. This indicates that landlords might be able to attract non-Section 8 tenants willing to pay closer to the FMR, which could provide additional financial security.
- If market rent is at FMR: This scenario is not applicable since the market rent is below the FMR.
- If market rent is below FMR: With market rent at $1,688, landlords can still consider Section 8 tenancy as a viable option because the rent is higher than what the market currently offers. This makes Section 8 a potentially attractive alternative.
- Are 11.7% renters + 58-day Days on Market (DOM) enough demand?
- If yes: The combination of 11.7% of the population being renters and an average DOM of 58 days suggests a reasonable demand for rental properties. Landlords can expect to find tenants relatively quickly.
- If no: The demand is marginal. While the 11.7% renter rate and 58-day DOM indicate some level of activity, it may not be enough to ensure consistent occupancy without significant effort in marketing and management.
- If it depends: The demand is somewhat balanced. The 11.7% renter rate is low but the 58-day DOM shows that properties are not lingering on the market for too long. However, the success will depend on the landlord's ability to manage the property effectively and navigate any local regulations specific to Section 8.
The final decision to invest in ZIP 34217 for Section 8 properties hinges on these factors. If the FMR clears the debt service and the market rent is below the FMR, then the answer is likely a strong yes. If the FMR does not cover debt service, the answer is a definitive no. For those cases where the FMR just barely covers debt service or the market conditions are mixed, the answer is it depends on your specific investment strategy and tolerance for risk.
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.