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 | $2,010 |
| 1 Bedroom | $2,160 |
| 2 Bedrooms | $2,520 |
| 3 Bedrooms | $3,200 |
| 4 Bedrooms | $3,810 |
| 5 Bedrooms | $4,420 |
| 6 Bedrooms | $4,950 |
| 7 Bedrooms | $5,346 |
| 8 Bedrooms | $5,613 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $2,520 | $359,713 | 0.7% | D |
| 3BR | $3,200 | $392,039 | 0.82% | C |
| 4BR | $3,810 | $430,713 | 0.88% | C |
| 5BR | $4,420 | $466,568 | 0.95% | C |
U.S. Census Bureau data (2024)
ZIP code 34219, located in Parrish, FL, stands out within Manatee County due to its unique demographic and economic characteristics. With a population of 33,296, only 8.1% of residents rent their homes, indicating a strong preference for homeownership among the community. The median household income is $113,773, which is significantly higher than the national average, reflecting a prosperous local economy. The median home value in Parrish is $416,583, further emphasizing the area's appeal as a desirable place to live.
When it comes to Section 8 voucher economics, the data reveals an interesting dynamic. The Fair Market Rent (FMR) for ZIP 34219 in fiscal year 2024 is set at $2,500, while the Zillow Observed Rent Index (ZORI), which reflects actual market rents, is slightly higher at $2,633. This means that landlords accepting Section 8 vouchers can expect to receive rent payments that are just below the current market rate. However, given the high median income and home values, the demand for affordable housing is likely lower compared to areas with higher rental rates.
The data signature for ZIP 34219 reads as stable. The low percentage of renters and high median income suggest a steady and affluent local economy. Additionally, the relatively minor difference between the FMR and ZORI indicates a market that is not experiencing significant volatility. For landlords and small-portfolio investors, this stability can be advantageous, as it implies a consistent tenant base and predictable rental income. However, it also means that relying solely on Section 8 vouchers might limit potential rental revenue growth, given the slight gap between the voucher amount and the actual market rent.
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.