Section 8 Fair Market Rent (FMR) for ZIP 34739 - 2027

FY 2027 Fair Market Rent Rates

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

A decision tree for considering ZIP 34739 for Section 8 investments involves three key steps:

Step 1: Can the Fair Market Rent (FMR) cover debt service?

• If the FMR of $1710 per month can cover the debt service on a property valued at $414,449, then proceed to Step 2. This calculation requires knowing the interest rate and loan terms.
• If the FMR cannot cover the debt service, the answer is No. There's no point in pursuing an investment that won't generate sufficient income to meet financial obligations.

Step 2: How does market rent compare to FMR?

• The market rent for the area is currently N/A, which means there isn't enough data to make a comparison. In such cases, it depends on how you interpret the lack of data. If you believe market conditions will align closely with FMR, continue to Step 3.
• If market rent were known and significantly higher than FMR, the investment would be less attractive for Section 8 tenants but might still be viable for other types of rentals.
• If market rent were known and lower than or equal to FMR, the investment could be more competitive for Section 8 tenants, making it a potentially good choice.

Step 3: Is there enough demand for Section 8 properties?

• The ZIP code has 29.6% of its residents as renters. Additionally, the days on market (DOM) is N/A, which again suggests a lack of data. However, the rental percentage alone indicates a moderate level of demand.
• If you interpret the N/A DOM as a sign of stable or low turnover rates, this could be positive for Section 8 investments, which often require longer-term commitments from tenants.
• If you consider the N/A DOM as a potential red flag, indicating either a lack of available data or unstable market conditions, then the answer is It Depends.

To conclude, if the FMR of $1710 can indeed cover the debt service on a $414,449 property and you believe the market conditions will support Section 8 tenants given the moderate rental rate, then the answer is Yes. However, due to the lack of market rent and DOM data, a cautious approach would suggest further investigation before making a final decision.

Data Sources: FMR data from HUD (2027). 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.