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FL/Lee County/Cape Coral

Cape Coral, FL

CitySAFMR
Lee County
Found 8 ZIPs
Zillow

City Median Investment Score

78Below average

095130300
BRFMR
Eff. Rent
0 BR$1,560 – $1,980$1,200 – $1,870
1 BR$1,570 – $1,990$1,440 – $1,850
2 BR$1,840 – $2,340$1,780 – $2,070
3 BR$2,380 – $3,030$1,880 – $2,450
4 BR$2,620 – $3,340$2,100 – $3,140
5 BR$3,180Not available
6 BR$3,657Not available
7 BR$4,205Not available
8 BR$4,836Not available

Public Housing Authority

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Rolodex

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Market Alignment

Studio
2
0.83-1.30
1 BR
3
1.00-1.23
2 BR
3
0.95-1.31
3 BR
2
2
0.96-1.61
4 BR
2
2
0.63-1.39
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
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Tax rate
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Mortgage rate
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Cape Coral, FL fair market rent, FY 2027

For FY 2027, HUD's two-bedroom Small Area Fair Market Rent across the 8 ZIP codes in Cape Coral, FL ranges from $1,840 to $2,340 a month, with a median of $1,940. That is down 6.3% from $2,070 in FY 2026. Cape Coral is in the Cape Coral-Fort Myers, 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 $1,835. The median county two-bedroom FMR in Florida is $1,474, so Cape Coral is 32% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for Cape Coral, FL
BedroomsFY 2027Change90–110% range
Studio$1,645−4.1%$1,481–$1,810
1BR$1,655−4.1%$1,490–$1,821
2BR$1,940−6.3%$1,746–$2,134
3BR$2,510−7.0%$2,259–$2,761
4BR$2,765−7.7%$2,489–$3,042

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for Cape Coral, FL
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,645$1,655$1,940$2,510$2,765
FY 2026$1,715$1,725$2,070$2,700$2,995
FY 2025$1,555$1,565$1,940$2,550$2,835
FY 2024$1,380$1,380$1,745$2,285$2,600
FY 2023$1,175$1,185$1,505$1,970$2,235

Two-bedroom rent by ZIP code

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. median
33993$2,340+20.6%
33991$2,200+13.4%
33909$2,040+5.2%
33914$2,000+3.1%
33904$1,880−3.1%
33990$1,880−3.1%
33910$1,840−5.2%
33915$1,840−5.2%

Questions about Cape Coral, FL rents

How much will Section 8 pay for a two-bedroom in Cape Coral, FL?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,835, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,652 to $2,019 a month; under the ZIP-level Small Area FMR of $1,940 it would be $1,746 to $2,134. 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 Coral, FL in?

Cape Coral, FL is in the Cape Coral-Fort Myers, FL MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,835.

How much did fair market rent change in Cape Coral, FL for FY 2027?

The two-bedroom FMR fell 6.3%, from $2,070 in FY 2026 to $1,940 in FY 2027. Since FY 2023 it has risen 28.9%.

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

County fair market rentFL statewide rentsWhat is SAFMR?Data sources