Location: Tampa-St. Petersburg-Clearwater, FL | Metro: Tampa-St. Petersburg-Clearwater, 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 | $1,220 |
| 1 Bedroom | $1,260 |
| 2 Bedrooms | $1,460 |
| 3 Bedrooms | $1,860 |
| 4 Bedrooms | $2,270 |
| 5 Bedrooms | $2,633 |
| 6 Bedrooms | $2,949 |
| 7 Bedrooms | $3,185 |
| 8 Bedrooms | $3,344 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,460 | $181,462 | 0.8% | C |
| 3BR | $1,860 | $333,705 | 0.56% | F |
| 4BR | $2,270 | $399,465 | 0.57% | F |
U.S. Census Bureau data (2024)
The ZIP code 34613, located in Brooksville, FL, presents a dynamic housing market that is currently experiencing a delicate balance between supply and demand. The Fair Market Rent (FMR) for the area is set at $1,560 for fiscal year 2024, while the actual market rent, measured by Zillow's Observed Rental Index (ZORI), stands at $1,940. This discrepancy suggests that the market rent exceeds the government-set benchmark, indicating strong rental demand relative to supply.
A key indicator of market dynamics is the price-cut share, which is currently at 0.3%. This low figure implies that few properties are being discounted, suggesting that the demand for homes is robust enough to support listing prices without significant adjustments. Additionally, the days on market (DOM) for listings is 61 days, which is relatively short, further supporting the notion that demand is keeping pace with supply.
The median home value in ZIP 34613 is $314,606, placing it within an accessible range for many potential homeowners. However, the 9.2% renter share indicates that a small but notable portion of the population prefers renting over owning. While this percentage might seem low, it is important to consider that even a modest renter share can exert long-term pressure on the housing market, as these individuals represent a steady demand for rental properties. In a market where rental demand is high, this can translate into sustained pressure on rents and possibly on home values as well.
In summary, ZIP 34613 is a market characterized by a strong rental sector and a relatively balanced housing market. The data points towards a scenario where demand is robust, and supply is adequate to meet this demand without significant oversupply. The low price-cut share and short DOM suggest a healthy market environment for both buyers and sellers, while the renter share highlights a segment of the population that could contribute to ongoing rental pressures.
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.