FMR is below market; voucher rent may lag private rents.
0.40
1 BR
1 BR- 33043
0.50ratio
FMR$2,000
Market$3,990
vs market-$1,990
FMR is below market; voucher rent may lag private rents.
0.50
2 BR
2 BR- 33043
0.50ratio
FMR$2,260
Market$4,520
vs market-$2,260
FMR is below market; voucher rent may lag private rents.
0.50
3 BR
3 BR- 33043
0.66ratio
FMR$2,980
Market$4,530
vs market-$1,550
FMR is below market; voucher rent may lag private rents.
0.66
4 BR
4 BR- 33043
0.58ratio
FMR$2,990
Market$5,140
vs market-$2,150
FMR is below market; voucher rent may lag private rents.
0.58
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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Big Pine Key, FL fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Big Pine Key, FL is $2,260 a month. That is down 10.0% from $2,510 in FY 2026. Big Pine Key is in the Monroe County, FL non-metropolitan FMR area. 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 county-wide two-bedroom FMR of $2,254. The median county two-bedroom FMR in Florida is $1,474, so Big Pine Key is 53% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Big Pine Key, FL
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,730
$1,560
−9.8%
$1,404–$1,716
1BR
$2,220
$2,000
−9.9%
$1,800–$2,200
2BR
$2,510
$2,260
−10.0%
$2,034–$2,486
3BR
$3,310
$2,980
−10.0%
$2,682–$3,278
4BR
$3,320
$2,990
−9.9%
$2,691–$3,289
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Big Pine Key, FL
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,560
$2,000
$2,260
$2,980
$2,990
FY 2026
$1,730
$2,220
$2,510
$3,310
$3,320
FY 2025
$1,550
$1,880
$2,250
$2,990
$3,310
FY 2024area FMR
$1,556
$1,730
$2,139
$2,812
$3,426
FY 2023area FMR
$1,497
$1,597
$2,023
$2,569
$3,433
Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.
Questions about Big Pine Key, FL rents
How much will Section 8 pay for a two-bedroom in Big Pine Key, FL?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $2,254, which applies unless the housing authority uses Small Area FMRs, that basic range is $2,029 to $2,479 a month; under the ZIP-level Small Area FMR of $2,260 it would be $2,034 to $2,486. 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 Big Pine Key, FL in?
Big Pine Key, FL is in the Monroe County, FL non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $2,254.
How much did fair market rent change in Big Pine Key, FL for FY 2027?
The two-bedroom FMR fell 10.0%, from $2,510 in FY 2026 to $2,260 in FY 2027. Since FY 2025 it has risen 0.4%.
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