Location: Tampa-St. Petersburg-Clearwater, FL | Metro: Tampa-St. Petersburg-Clearwater, FL MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,470 |
| 1 Bedroom | $1,520 |
| 2 Bedrooms | $1,770 |
| 3 Bedrooms | $2,260 |
| 4 Bedrooms | $2,750 |
| 5 Bedrooms | $3,190 |
| 6 Bedrooms | $3,573 |
| 7 Bedrooms | $3,859 |
| 8 Bedrooms | $4,052 |
ZIP code 34673, located within the Tampa-St. Petersburg-Clearwater, FL MSA, has a Fair Market Rent (FMR) of $1760 for fiscal year 2024. This figure represents the median rent for a standard two-bedroom apartment in the area, as set by the U.S. Department of Housing and Urban Development (HUD).
To contextualize this, we must consider the broader Tampa-St. Petersburg-Clearwater, FL MSA. Typically, ZIP codes within this MSA have varying levels of market rents, home values, and renter shares that reflect the diversity of neighborhoods within the region. However, specific data points for market rent, home value, and renter share percentages for ZIP 34673 are not available, which limits our ability to make direct comparisons.
The absence of market rent and home value data for ZIP 34673 suggests it may be less developed or less documented compared to other areas within the MSA. Despite this, the HUD-set FMR of $1760 provides insight into the rental affordability within the ZIP code. If the FMR is lower than the typical market rents in the Tampa-St. Petersburg-Clearwater, FL MSA, it could indicate that 34673 is a value pocket where rental costs are relatively affordable.
The lack of a reported renter share percentage means we cannot definitively classify 34673 based on this criterion alone. A high renter share with below-average home values often signifies a prime location for Section 8 properties, but without this information, we cannot draw such a conclusion.
Landlords and small-portfolio investors should note the HUD FMR as a key benchmark for rental pricing within 34673, particularly when considering the suitability of the area for Section 8 tenants. The FMR can help ensure compliance with HUD guidelines and inform decisions about property investments and management practices.
Investors looking to understand the overall economic landscape of 34673 relative to the Tampa-St. Petersburg-Clearwater, FL MSA will need to conduct further research to gather additional data points, such as local market rents and home values, to fully assess the ZIP code's position within the broader metropolitan context.
Data Sources: FMR data from HUD (2027).
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.