Section 8 Fair Market Rent (FMR) for ZIP 34445 - 2027

Location: Homosassa Springs, FL | Metro: Homosassa Springs, FL MSA

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,110
1 Bedroom	$1,120
2 Bedrooms	$1,350
3 Bedrooms	$1,870
4 Bedrooms	$2,250
5 Bedrooms	$2,610
6 Bedrooms	$2,923
7 Bedrooms	$3,157
8 Bedrooms	$3,315

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

Median Household Income

$N/A

Housing Units

Renter Percentage

N/A

Occupancy Rate

35.6%

Renter Occupied

The ZIP code 34445, located in Florida, is known for its serene residential areas and proximity to natural attractions such as parks and waterways. This area has seen steady interest from both residents and investors due to its quality of life and potential for growth. Below is a detailed market analysis based on the available data points.

The Fair Market Rent (FMR) for a two-bedroom apartment in ZIP 34445 for fiscal year 2024 is set at $1120, providing a benchmark for rental pricing in the area.
The market rent for properties in this ZIP code is currently unavailable, indicating a lack of recent data but suggesting a need for further investigation into local rental trends.
The median home value in ZIP 34445 is also not available, which can make it challenging to assess property appreciation potential without additional research.
Renters represent only 0.0% of the population, implying that the majority of residents are homeowners, which could affect demand for rental properties.
The Days on Market (DOM) data is not available, making it difficult to gauge how quickly properties sell in this area.
The median income for residents in ZIP 34445 is not available, which is crucial for understanding the purchasing power of potential tenants or buyers.

In summary, while the Fair Market Rent provides a clear starting point for setting rental prices, the lack of other key metrics such as market rent, median home values, and median income indicates a need for deeper local market research. The extremely low renter share suggests that rental investments might face limited demand, whereas the absence of DOM data could mean either a very active or inactive market, depending on the actual situation. For investors looking to enter this market, it's essential to gather more localized data to make informed decisions about property acquisition and management.

Data Sources: FMR data from HUD (2027). 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.