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 |
|---|---|---|---|---|
| 2BR | $1,590 | $240,128 | 0.66% | D |
| 3BR | $2,180 | $325,789 | 0.67% | D |
| 4BR | $2,330 | $377,608 | 0.62% | D |
U.S. Census Bureau data (2024)
With a Fair Market Rent (FMR) of $1320 for ZIP code 34956 (Indiantown, FL) in fiscal year 2024, landlords can expect a benchmark for rental pricing that aligns with government standards. The market rent, as reported by the Census Bureau's American Community Survey, stands at $955, indicating a significant gap between what the market offers and the FMR set by HUD. This discrepancy presents an opportunity for landlords to potentially increase their rental rates without compromising occupancy levels.
The median home value in Indiantown is $270,274, reflecting a stable housing market where property values have remained consistent. Given that 29.1% of the population are renters, there is a notable demand for rental properties, suggesting that landlords can maintain a steady stream of tenants. However, it is essential to note that the median income of $64,526 might limit the ability of some residents to afford higher rents, making it crucial for landlords to balance their pricing strategies accordingly.
The absence of data on days on market (DOM) and the percentage of price-cut shares suggests that the local real estate market does not experience frequent fluctuations in property listings or significant price adjustments. This stability can be advantageous for small-portfolio investors looking to minimize risk and ensure predictable cash flows from their investments.
In conclusion, the favorable disparity between the HUD FMR and the actual market rent, combined with a stable median home value and a steady renter share, positions Indiantown, FL, as a viable location for Section 8 properties. Landlords and investors should take advantage of the HUD subsidy to fill vacancies and secure long-term tenancies, given the local economic conditions. Verdict: Indiantown, FL, is suitable for Section 8 properties due to its favorable economic indicators and stable real estate market.
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.