Section 8 Fair Market Rent (FMR) for ZIP 34236 - 2027

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

Investment Score for ZIP 34236

Monthly Rent (2BR)

$2,710

Median Price (2BR)

$789,172

1% Rule

0.34%

Annual Yield

4.12%

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	$2,170
1 Bedroom	$2,320
2 Bedrooms	$2,710
3 Bedrooms	$3,440
4 Bedrooms	$4,100
5 Bedrooms	$4,756
6 Bedrooms	$5,327
7 Bedrooms	$5,753
8 Bedrooms	$6,041

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	$2,320	$394,286	0.59%	F
2BR	$2,710	$789,172	0.34%	F
3BR	$3,440	$1,907,528	0.18%	F
4BR	$4,100	$3,305,226	0.12%	F
5BR	$4,756	$4,544,921	0.1%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

14,446

Median Household Income

$95,881

Housing Units

11,823

Renter Percentage

41.7%

Occupancy Rate

69.2%

Renter Occupied

3,412

Sarasota, FL, represented by ZIP code 34236, is a vibrant coastal community known for its beautiful beaches, temperate climate, and thriving arts scene. The real estate market here reflects these qualities, with a mix of rental and homeownership options catering to diverse populations, including retirees, young professionals, and families.

The Fair Market Rent (FMR) for a two-bedroom apartment in ZIP 34236 for fiscal year 2024 is set at $1,900.
The market rent, as indicated by the Zillow Observed Rental Index (ZORI), stands at $2,888 for a similar unit, suggesting a premium over the government-set FMR.
The median home value in the area is $1,029,568, indicating a robust housing market where property appreciation is a possibility.
Renters make up 41.7% of the population, showing a significant demand for rental properties alongside homeownership opportunities.
The Days on Market (DOM) for rental listings is 94 days, which is relatively high and may suggest some competition among landlords for tenants.
The median household income in ZIP 34236 is $95,881, providing insight into the financial capacity of potential renters and buyers.

Investors in Sarasota, FL, can expect a balanced market with strong rental demand and high property values. Despite the higher DOM, the gap between the FMR and ZORI indicates a favorable environment for landlords who can offer competitive amenities and maintenance. The median income supports the ability of residents to afford higher rents and property values, making both rental and ownership investments attractive. However, the investment strategy should consider the local rental competition and the cost implications of maintaining properties that meet the expectations of a discerning tenant base.

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.