FMR is near market; voucher and private rents are aligned.
1.10
3 BR
3 BR- 33827
1.19ratio
FMR$2,280
Market$1,920
vs market+$360
FMR is above market; underwrite to market rent.
1.19
4 BR
4 BR- 33827
1.33ratio
FMR$2,790
Market$2,090
vs market+$700
FMR is above market; underwrite to market rent.
1.33
0.700.800.901.001.101.201.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
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Babson Park, FL fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Babson Park, FL is $1,670 a month. That is down 9.7% from $1,850 in FY 2026. Babson Park is in the Lakeland-Winter Haven, FL MSA. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the metro-wide two-bedroom FMR of $1,608. The median county two-bedroom FMR in Florida is $1,474, so Babson Park is 13% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Babson Park, FL
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,510
$1,360
−9.9%
$1,224–$1,496
1BR
$1,520
$1,380
−9.2%
$1,242–$1,518
2BR
$1,850
$1,670
−9.7%
$1,503–$1,837
3BR
$2,500
$2,280
−8.8%
$2,052–$2,508
4BR
$3,100
$2,790
−10.0%
$2,511–$3,069
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Babson Park, FL
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,360
$1,380
$1,670
$2,280
$2,790
FY 2026
$1,510
$1,520
$1,850
$2,500
$3,100
FY 2025
$1,470
$1,480
$1,810
$2,430
$3,040
FY 2024
$1,340
$1,340
$1,660
$2,230
$2,820
FY 2023
$1,120
$1,120
$1,390
$1,880
$2,370
Questions about Babson Park, FL rents
How much will Section 8 pay for a two-bedroom in Babson Park, FL?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,608, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,447 to $1,769 a month; under the ZIP-level Small Area FMR of $1,670 it would be $1,503 to $1,837. 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 Babson Park, FL in?
Babson Park, FL is in the Lakeland-Winter Haven, FL MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,608.
How much did fair market rent change in Babson Park, FL for FY 2027?
The two-bedroom FMR fell 9.7%, from $1,850 in FY 2026 to $1,670 in FY 2027. Since FY 2023 it has risen 20.1%.
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