FMR is below market; voucher rent may lag private rents.
0.79
1 BR
1 BR- 33503
0.85ratio
FMR$1,790
Market$2,100
vs market-$310
FMR is below market; voucher rent may lag private rents.
0.85
2 BR
2 BR- 33503
1.00ratio
FMR$2,090
Market$2,090
vs market+$0
FMR is near market; voucher and private rents are aligned.
1.00
3 BR
3 BR- 33503
1.21ratio
FMR$2,670
Market$2,200
vs market+$470
FMR is above market; underwrite to market rent.
1.21
4 BR
4 BR- 33503
1.25ratio
FMR$3,240
Market$2,600
vs market+$640
FMR is above market; underwrite to market rent.
1.25
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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Balm, FL fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Balm, FL is $2,090 a month. That is down 3.2% from $2,160 in FY 2026. Balm 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 Balm is 42% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Balm, FL
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,740
$1,740
0.0%
$1,566–$1,914
1BR
$1,860
$1,790
−3.8%
$1,611–$1,969
2BR
$2,160
$2,090
−3.2%
$1,881–$2,299
3BR
$2,770
$2,670
−3.6%
$2,403–$2,937
4BR
$3,360
$3,240
−3.6%
$2,916–$3,564
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Balm, FL
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,740
$1,790
$2,090
$2,670
$3,240
FY 2026
$1,740
$1,860
$2,160
$2,770
$3,360
FY 2025
$1,690
$1,820
$2,130
$2,730
$3,320
FY 2024
$1,560
$1,680
$1,990
$2,540
$3,110
FY 2023
$1,390
$1,480
$1,780
$2,280
$2,800
Questions about Balm, FL rents
How much will Section 8 pay for a two-bedroom in Balm, FL?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,090, that basic range is $1,881 to $2,299 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 Balm, FL in?
Balm, 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 Balm, FL for FY 2027?
The two-bedroom FMR fell 3.2%, from $2,160 in FY 2026 to $2,090 in FY 2027. Since FY 2023 it has risen 17.4%.
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