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 |
The Fair Market Rent (FMR) for ZIP code 34680 in Florida for fiscal year 2024 is set at $1760. This figure represents the maximum amount that a landlord can charge for rent under the Section 8 Housing Choice Voucher program. It's important to note that this is not necessarily the amount you will receive as rent; it's the benchmark used to determine eligibility and payment standards.
In ZIP 34680, the local median rent is currently listed as N/A, which makes direct comparison challenging. However, the FMR of $1760 provides a guideline for setting reasonable rents for voucher holders. The percentage of renters in the area who could potentially benefit from the Section 8 program is also noted as N/A%, indicating the level of demand for affordable housing options.
The acquisition cost for properties in this area, based on available data, is listed as N/A. This figure would typically help you understand the average price range for purchasing a property in ZIP 34680, though without specific numbers, it's difficult to provide a precise assessment. Nonetheless, knowing the FMR can assist you in evaluating whether the potential rental income aligns with your investment goals and property costs.
Before committing to a Section 8 rental, there is one crucial verification step you must take. Ensure that your property meets all the necessary quality and safety standards required by the program. These standards, known as the Housing Quality Standards (HQS), cover a wide range of criteria including structural integrity, heating, plumbing, electrical systems, and more. A property that does not meet these standards will not be approved for the Section 8 program, regardless of the FMR or local median rent.
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.