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 | $1,330 |
| 1 Bedroom | $1,410 |
| 2 Bedrooms | $1,640 |
| 3 Bedrooms | $2,100 |
| 4 Bedrooms | $2,550 |
| 5 Bedrooms | $2,958 |
| 6 Bedrooms | $3,313 |
| 7 Bedrooms | $3,578 |
| 8 Bedrooms | $3,757 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,640 | $200,122 | 0.82% | C |
| 3BR | $2,100 | $260,345 | 0.81% | C |
| 4BR | $2,550 | $399,307 | 0.64% | D |
| 5BR | $2,958 | $510,208 | 0.58% | F |
U.S. Census Bureau data (2024)
1680 is the Fair Market Rent (FMR) set for Holiday, FL, in ZIP code 34691 for fiscal year 2024. This figure represents the maximum amount that a landlord can charge for a Section 8 rental unit. In contrast, the market rent, measured by ZORI, stands at 1758, indicating a slight premium over the FMR. The median home value in this area is 225160, which is significantly higher than the median income of 50288, suggesting that homeownership is less affordable compared to renting. Renter share makes up 32.2% of the population, showing a substantial demand for rental properties. Landlords should note that the Days on Market (DOM) average is 58 days, meaning it takes nearly two months for a property to be rented out once listed. Furthermore, only 0.3% of listings have been reported to require price cuts, which reflects a strong market where landlords can maintain their asking rents without significant adjustments.
In Holiday, FL, the economic landscape leans towards rental opportunities rather than homeownership due to the disparity between median income and home values. With a renter share of 32.2%, there is a notable segment of the population seeking affordable housing solutions. The low price-cut share of 0.3% signals that landlords can expect stable rental incomes without frequent reductions. However, the slightly longer DOM of 58 days suggests that landlords must be patient and competitive in pricing to attract tenants promptly. Given these factors, the Section 8 program offers a reliable source of rental income, especially since the FMR is close to the market rent, ensuring that landlords receive a fair amount for their units.
Based on the provided data, the verdict for participating in the Section 8 program in Holiday, FL, is positive. Landlords can expect steady occupancy rates and a dependable income stream, aligning closely with market conditions.
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.