Section 8 Fair Market Rent (FMR) for ZIP 34229 - 2027

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

Investment Score for ZIP 34229

Monthly Rent (2BR)

$2,380

Median Price (2BR)

$321,071

1% Rule

0.74%

Annual Yield

8.9%

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	$1,900
1 Bedroom	$2,040
2 Bedrooms	$2,380
3 Bedrooms	$3,020
4 Bedrooms	$3,600
5 Bedrooms	$4,176
6 Bedrooms	$4,677
7 Bedrooms	$5,051
8 Bedrooms	$5,304

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
2BR	$2,380	$321,071	0.74%	D
3BR	$3,020	$683,271	0.44%	F
4BR	$3,600	$942,562	0.38%	F
5BR	$4,176	$2,101,659	0.2%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

7,495

Median Household Income

$103,657

Housing Units

4,695

Renter Percentage

10.6%

Occupancy Rate

77.8%

Renter Occupied

389

ZIP 34229, located in Osprey, FL, within the North Port-Bradenton-Sarasota, FL MSA metro area, can serve as an effective cash-flow anchor in a Section 8 portfolio strategy. The Federal Market Rent (FMR) for ZIP 34229 in fiscal year 2024 is set at $1,700, which is notably lower than the market rent of $2,196. This creates a positive spread that benefits landlords participating in the Section 8 program.

The lower FMR ensures that landlords receive a guaranteed income that is sufficient to cover their mortgage payments, property taxes, insurance, and maintenance costs, even if the market rent fluctuates. In ZIP 34229, the median home value stands at $664,086, indicating a stable housing market. Despite this, the Section 8 voucher program provides a reliable source of rental income, making it an ideal cash-flow anchor.

Stable Income Source: Landlords in ZIP 34229 can rely on the consistent income provided by the Section 8 program, which is especially valuable given the high median home value in the area.
Positive Cash Flow: With the FMR at $1,700 and the market rent at $2,196, landlords can ensure a positive cash flow while still maintaining competitive rents that attract tenants.
Market Stability: The 0.3% price-cut share and a 55-day Days on Market (DOM) suggest a relatively stable market where properties do not typically require deep discounts or extended listing times to be rented out.

This ZIP code is well-suited for landlords and small-portfolio investors looking to secure a steady stream of income without the risk associated with volatile markets. The combination of a strong FMR guarantee and a competitive market rent makes ZIP 34229 an excellent choice for a cash-flow anchor within a diversified Section 8 portfolio strategy.

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.