Section 8 Fair Market Rent (FMR) for ZIP 34995 - 2027

Location: Port St. Lucie, FL | Metro: Port St. Lucie, FL MSA

FY 2027 Fair Market Rent Rates

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 34995 in Florida lacks comprehensive demographic data, including population size, percentage of renters, and median household income. However, it is possible to infer some characteristics based on the available information regarding the Fair Market Rent (FMR).

The FMR for ZIP 34995 is set at $1520 for fiscal year 2024, which serves as a benchmark for rental prices in the area. Given that the median household income is not specified, it is challenging to determine exactly how much of the local income goes toward typical market rents. Nonetheless, the presence of an FMR suggests that there is a significant demand for housing assistance through the Section 8 program.

Section 8 Demand: The existence of an FMR indicates that the ZIP code likely has a substantial number of low-income households who rely on government subsidies for housing. This implies that there is a strong potential for Section 8 tenants in the area.
Rental vs. Homeownership: Without specific percentages, we cannot definitively state whether the area is dominated by renters or homeowners. However, the focus on FMR and the Section 8 program suggests that renters make up a considerable portion of the population, especially those needing financial assistance for housing.
Market Rent Comparison: While the exact market rent is not provided, the FMR can be used as a proxy. If typical market rents are close to or exceed the FMR, then affordability becomes a critical issue for potential tenants.

A landlord in ZIP 34995 should expect tenants who qualify for Section 8 vouchers, indicating they have incomes below the area median. These tenants will be looking for affordable housing options that align with the FMR of $1520. It is essential for landlords to understand the administrative requirements of participating in the Section 8 program, such as lease approval processes and rent increases, to effectively manage properties in this area.

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.