Location: Port St. Lucie, FL | Metro: Port St. Lucie, FL MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,720 |
| 1 Bedroom | $1,730 |
| 2 Bedrooms | $2,080 |
| 3 Bedrooms | $2,820 |
| 4 Bedrooms | $2,940 |
| 5 Bedrooms | $3,410 |
| 6 Bedrooms | $3,819 |
| 7 Bedrooms | $4,125 |
| 8 Bedrooms | $4,331 |
The ZIP code 34958 in Port St. Lucie, Florida, presents unique characteristics that distinguish it from other areas within the county. Due to the absence of specific resident and economic data, we cannot provide exact figures on the number of residents, the percentage of renters, median income, or median home value. However, the focus shifts to the critical aspect of voucher economics which can still offer valuable insights for landlords and small-portfolio investors.
The Fair Market Rent (FMR) for ZIP 34958 has been set at $1520 for the fiscal year 2024. This figure represents the amount that a landlord can expect to receive from the government for a Section 8 tenant. While the exact market rent for the area is not available, it's important to note that the FMR is typically lower than the average market rent, indicating that landlords may need to adjust their expectations when setting rental rates for Section 8 vouchers.
In terms of the overall stability of the area, the lack of detailed economic data makes it challenging to categorize ZIP 34958 as either stable or transitional. However, the presence of Section 8 vouchers suggests a level of government support for housing, which can be indicative of a stable tenant base. Landlords should consider the reliability of Section 8 payments and the potential for long-term tenancy when deciding to accept vouchers in this ZIP code.
To summarize, while specific economic data points are missing for ZIP 34958, the pivotal role of Section 8 vouchers with an FMR of $1520 offers a clear benchmark for rental pricing. The area's reliance on government-supported housing suggests a stable environment for both landlords and tenants, making it a viable option for those interested in participating in the Section 8 program.
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.