Section 8 Fair Market Rent (FMR) for ZIP 34692 - 2027

Location: Tampa-St. Petersburg-Clearwater, FL | Metro: Tampa-St. Petersburg-Clearwater, FL MSA

FY 2027 Fair Market Rent Rates

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 ZIP code 34692 in Tampa-St. Petersburg-Clearwater, FL, presents unique characteristics that set it apart from other areas within the region. However, due to the lack of specific data points such as the number of residents, percentage of renters, median income, and median home value, a detailed analysis of these aspects cannot be provided. The focus instead will be on the economic dynamics surrounding the Section 8 housing voucher program.

The Fair Market Rent (FMR) for ZIP 34692 for fiscal year 2024 is set at $1760. This figure represents the maximum amount that landlords can receive through the Section 8 program for rental units in this area. Given the absence of current market rent data, it's important to note that the FMR serves as a benchmark for affordable housing subsidies but does not necessarily reflect the actual rental market conditions in ZIP 34692.

Landlords and small-portfolio investors should consider the following when evaluating the potential of participating in the Section 8 program within ZIP 34692:

Steady Income Source: The guaranteed monthly rental assistance payment provides a reliable income stream, even if the overall market rent is higher than the FMR.
Tenant Stability: Tenants with vouchers often have a history of stable tenancy and are less likely to default on rent payments.
Maintenance Requirements: Landlords must ensure their properties meet Housing Quality Standards (HQS), which can affect maintenance costs and property management.

The data signature for ZIP 34692 reads as "transitional" due to the lack of historical data points that would indicate stability. Without a clear trend in resident demographics, rental rates, and income levels, it's challenging to predict future changes. However, the presence of the Section 8 program suggests an ongoing effort to support affordable housing in the area, which could stabilize the market over time.

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.