Location: Port St. Lucie, FL | Metro: Port St. Lucie, 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 | $1,310 |
| 1 Bedroom | $1,330 |
| 2 Bedrooms | $1,590 |
| 3 Bedrooms | $2,180 |
| 4 Bedrooms | $2,330 |
| 5 Bedrooms | $2,703 |
| 6 Bedrooms | $3,027 |
| 7 Bedrooms | $3,269 |
| 8 Bedrooms | $3,432 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $1,330 | $102,660 | 1.3% | A |
| 2BR | $1,590 | $163,202 | 0.97% | C |
| 3BR | $2,180 | $222,564 | 0.98% | C |
| 4BR | $2,330 | $282,589 | 0.82% | C |
U.S. Census Bureau data (2024)
The ZIP code 34950, located in Fort Pierce, FL, presents a dynamic rental market that reflects a balance between supply and demand. The Fair Market Rent (FMR) for the area, set at $1320 for fiscal year 2024, is notably lower than the market rent, which stands at $1645 according to ZORI. This discrepancy suggests that the rental market is robust, with rents exceeding the government's benchmark for fair market values.
The low price-cut share of 0.2% indicates that landlords are not frequently lowering their rents to attract tenants, implying a strong demand for rental properties in the area. While the days on market (DOM) is listed as N/A, it can be inferred that listings do not typically linger long before being leased, further supporting the idea that demand is steady.
The median home value of $192,333 is relatively low, which could attract first-time buyers and investors looking for affordable entry points. However, the significant 61.1% share of renters in the area suggests that there is a substantial population that prefers or needs to rent rather than buy. This high renter share is indicative of long-term housing pressure, as a majority of residents are likely seeking rental options due to affordability constraints or lifestyle choices.
In conclusion, the market in ZIP 34950 is characterized by a strong rental sector with demand potentially outpacing supply, especially considering the low rate of price cuts and the high proportion of renters. Landlords and small-portfolio investors should find opportunities in this environment, but they must also be prepared to compete with other rental properties to maintain occupancy rates.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.