FMR is below market; voucher rent may lag private rents.
0.86
1 BR
1 BR- 32920
0.75ratio
FMR$1,230
Market$1,650
vs market-$420
FMR is below market; voucher rent may lag private rents.
0.75
2 BR
2 BR- 32920
0.62ratio
FMR$1,430
Market$2,310
vs market-$880
FMR is below market; voucher rent may lag private rents.
0.62
3 BR
3 BR- 32920
0.75ratio
FMR$1,910
Market$2,530
vs market-$620
FMR is below market; voucher rent may lag private rents.
0.75
4 BR
4 BR- 32920
0.82ratio
FMR$2,180
Market$2,670
vs market-$490
FMR is below market; voucher rent may lag private rents.
0.82
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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Cape Canaveral, FL fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Cape Canaveral, FL is $1,430 a month. That is up 6.7% from $1,340 in FY 2026. Cape Canaveral is in the Palm Bay-Melbourne-Titusville, 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 Cape Canaveral is 3% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Cape Canaveral, FL
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$990
$1,070
+8.1%
$963–$1,177
1BR
$1,160
$1,230
+6.0%
$1,107–$1,353
2BR
$1,340
$1,430
+6.7%
$1,287–$1,573
3BR
$1,830
$1,910
+4.4%
$1,719–$2,101
4BR
$2,070
$2,180
+5.3%
$1,962–$2,398
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Cape Canaveral, FL
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,070
$1,230
$1,430
$1,910
$2,180
FY 2026
$990
$1,160
$1,340
$1,830
$2,070
FY 2025
$940
$1,100
$1,280
$1,740
$1,990
FY 2024
$830
$970
$1,150
$1,550
$1,820
FY 2023
$790
$940
$1,130
$1,510
$1,790
Questions about Cape Canaveral, FL rents
How much will Section 8 pay for a two-bedroom in Cape Canaveral, FL?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,430, that basic range is $1,287 to $1,573 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 Cape Canaveral, FL in?
Cape Canaveral, FL is in the Palm Bay-Melbourne-Titusville, 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 Cape Canaveral, FL for FY 2027?
The two-bedroom FMR rose 6.7%, from $1,340 in FY 2026 to $1,430 in FY 2027. Since FY 2023 it has risen 26.5%.
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