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FL/Polk County/Eagle Lake

Eagle Lake, FL

CitySAFMR
Polk County
Found 1 ZIP

City Median Investment Score

109Above average

095130300
BRFMR
Eff. Rent
0 BR$1,460$1,170
1 BR$1,550$1,140
2 BR$1,860$1,410
3 BR$2,560$1,860
4 BR$3,110$2,240
5 BR$3,576Not available
6 BR$4,113Not available
7 BR$4,730Not available
8 BR$5,439Not available

Purchase Price Calculator

Maximum purchase price
$147,609

Cost breakdown

+Likely effective rent$1,410
HUD FMR$1,860
Market rentUsed$1,410
Est. payment standard (90%)$1,670
-Principal and interest-$746
Loan amount$118,087
Down payment$29,522
Rate6.50%
Term30 years
-Operating costs-$464
Property taxes-$148
Insurance-$175
Utilities$0
HOA$0
Management-$141
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$22,781(77.2% ROI)
Projected value
$158,959
Return breakdown
Property appreciation+$11,350
Loan principal paid down+$4,231
Rental cash flow+$7,200
5-year hold
+$38,942(131.9% ROI)
Projected value
$167,006
Return breakdown
Property appreciation+$19,397
Loan principal paid down+$7,545
Rental cash flow+$12,000
10-year hold
+$83,320(282.2% ROI)
Projected value
$188,952
Return breakdown
Property appreciation+$41,343
Loan principal paid down+$17,977
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.25
1 BR
1.36
2 BR
1.32
3 BR
1.38
4 BR
1.39
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

Eagle Lake, FL fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Eagle Lake, FL is $1,860 a month. That is up 19.2% from $1,560 in FY 2026. Eagle Lake 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 Eagle Lake is 26% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for Eagle Lake, FL
BedroomsFY 2027Change90–110% range
Studio$1,460+14.1%$1,314–$1,606
1BR$1,550+21.1%$1,395–$1,705
2BR$1,860+19.2%$1,674–$2,046
3BR$2,560+21.3%$2,304–$2,816
4BR$3,110+18.7%$2,799–$3,421

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for Eagle Lake, FL
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,460$1,550$1,860$2,560$3,110
FY 2026$1,280$1,280$1,560$2,110$2,620
FY 2025$1,020$1,030$1,260$1,690$2,120
FY 2024$870$870$1,080$1,450$1,830
FY 2023$800$800$990$1,340$1,690

Questions about Eagle Lake, FL rents

How much will Section 8 pay for a two-bedroom in Eagle Lake, 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 $1,860 it would be $1,674 to $2,046. 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 Eagle Lake, FL in?

Eagle Lake, 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 Eagle Lake, FL for FY 2027?

The two-bedroom FMR rose 19.2%, from $1,560 in FY 2026 to $1,860 in FY 2027. Since FY 2023 it has risen 87.9%.

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