Location: Port St. Lucie, FL | Metro: Port St. Lucie, FL MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,710 |
| 1 Bedroom | $1,720 |
| 2 Bedrooms | $2,070 |
| 3 Bedrooms | $2,800 |
| 4 Bedrooms | $2,930 |
| 5 Bedrooms | $3,399 |
| 6 Bedrooms | $3,807 |
| 7 Bedrooms | $4,112 |
| 8 Bedrooms | $4,318 |
The ZIP code 34948 in Port St. Lucie, FL, stands out due to its specific characteristics that make it unique compared to other areas. However, the exact number of residents, percentage of renters, median income, and median home value for this ZIP code are currently unavailable, which limits our ability to provide a comprehensive analysis.
Moving to the economics of Section 8 vouchers, the Fair Market Rent (FMR) for ZIP 34948 is set at $1600 for the fiscal year 2024. This figure represents the maximum amount that a landlord can charge for a rental property under the Section 8 program. While the actual market rent for the area is not specified, the FMR provides a benchmark for rental pricing. Landlords should note that the FMR does not reflect the median market rent but serves as an upper limit for subsidized units.
The data available for ZIP 34948 indicates a transitional nature. With the lack of specific demographic and economic figures, it's challenging to assess long-term stability. Typically, a stable area would have consistent population growth, a known median income, and a steady housing market. The absence of these details suggests ongoing changes or developments that could affect the rental market dynamics in the future.
To summarize, while the exact demographics for ZIP 34948 remain unclear, the Section 8 voucher system offers a predictable income source for landlords through the $1600 FMR. The transitional status of the area implies potential for growth and change, which could be advantageous for those willing to adapt to evolving market conditions.
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.