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FL/Hillsborough County/Apollo Beach

Apollo Beach, FL

CitySAFMR
Hillsborough County
Found 1 ZIP

City Median Investment Score

95Above average

095130300
BRFMR
Eff. Rent
0 BR$2,200$1,730
1 BR$2,270$1,880
2 BR$2,640$2,150
3 BR$3,370$2,650
4 BR$4,100$3,210
5 BR$4,715Not available
6 BR$5,422Not available
7 BR$6,236Not available
8 BR$7,171Not available

Purchase Price Calculator

Maximum purchase price
$257,573

Cost breakdown

+Likely effective rent$2,150
HUD FMR$2,640
Market rentUsed$2,150
Est. payment standard (90%)$2,380
-Principal and interest-$1,302
Loan amount$206,058
Down payment$51,515
Rate6.50%
Term30 years
-Operating costs-$648
Property taxes-$258
Insurance-$175
Utilities$0
HOA$0
Management-$215
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$34,387(66.8% ROI)
Projected value
$277,378
Return breakdown
Property appreciation+$19,805
Loan principal paid down+$7,383
Rental cash flow+$7,200
5-year hold
+$59,012(114.6% ROI)
Projected value
$291,420
Return breakdown
Property appreciation+$33,847
Loan principal paid down+$13,165
Rental cash flow+$12,000
10-year hold
+$127,512(247.5% ROI)
Projected value
$329,715
Return breakdown
Property appreciation+$72,142
Loan principal paid down+$31,370
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.27
1 BR
1.21
2 BR
1.23
3 BR
1.27
4 BR
1.28
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

Apollo Beach, FL fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Apollo Beach, FL is $2,640 a month. That is down 3.6% from $2,740 in FY 2026. Apollo Beach is in the Tampa-St. Petersburg-Clearwater, FL MSA, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. The median county two-bedroom FMR in Florida is $1,474, so Apollo Beach is 79% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for Apollo Beach, FL
BedroomsFY 2027Change90–110% range
Studio$2,200−0.5%$1,980–$2,420
1BR$2,270−3.4%$2,043–$2,497
2BR$2,640−3.6%$2,376–$2,904
3BR$3,370−3.7%$3,033–$3,707
4BR$4,100−3.8%$3,690–$4,510

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for Apollo Beach, FL
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,200$2,270$2,640$3,370$4,100
FY 2026$2,210$2,350$2,740$3,500$4,260
FY 2025$2,170$2,340$2,740$3,510$4,270
FY 2024$2,000$2,150$2,550$3,260$3,980
FY 2023$1,800$1,930$2,320$2,970$3,640

Questions about Apollo Beach, FL rents

How much will Section 8 pay for a two-bedroom in Apollo Beach, FL?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,640, that basic range is $2,376 to $2,904 a month. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.

Which HUD fair market rent area is Apollo Beach, FL in?

Apollo Beach, FL is in the Tampa-St. Petersburg-Clearwater, FL MSA. HUD requires Small Area FMRs in this area, so payment standards are set by ZIP code.

How much did fair market rent change in Apollo Beach, FL for FY 2027?

The two-bedroom FMR fell 3.6%, from $2,740 in FY 2026 to $2,640 in FY 2027. Since FY 2023 it has risen 13.8%.

When do FY 2027 fair market rents take effect?

HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.

Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set