FMR is below market; voucher rent may lag private rents.
0.52
1 BR
1 BR- 32948
0.51ratio
FMR$960
Market$1,880
vs market-$920
FMR is below market; voucher rent may lag private rents.
0.51
2 BR
2 BR- 32948
0.64ratio
FMR$1,250
Market$1,960
vs market-$710
FMR is below market; voucher rent may lag private rents.
0.64
3 BR
3 BR- 32948
0.75ratio
FMR$1,530
Market$2,050
vs market-$520
FMR is below market; voucher rent may lag private rents.
0.75
4 BR
4 BR- 32948
0.88ratio
FMR$2,090
Market$2,370
vs market-$280
FMR is below market; voucher rent may lag private rents.
0.88
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
--
Fellsmere, FL fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Fellsmere, FL is $1,250 a month. That is down 1.6% from $1,270 in FY 2026. Fellsmere 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 Fellsmere is 15% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Fellsmere, FL
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$960
$950
−1.0%
$855–$1,045
1BR
$970
$960
−1.0%
$864–$1,056
2BR
$1,270
$1,250
−1.6%
$1,125–$1,375
3BR
$1,550
$1,530
−1.3%
$1,377–$1,683
4BR
$2,130
$2,090
−1.9%
$1,881–$2,299
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Fellsmere, FL
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$950
$960
$1,250
$1,530
$2,090
FY 2026
$960
$970
$1,270
$1,550
$2,130
FY 2025
$960
$970
$1,220
$1,520
$2,030
FY 2024
$790
$960
$1,170
$1,480
$1,990
FY 2023
$670
$830
$1,000
$1,290
$1,660
Questions about Fellsmere, FL rents
How much will Section 8 pay for a two-bedroom in Fellsmere, FL?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,250, that basic range is $1,125 to $1,375 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 Fellsmere, FL in?
Fellsmere, 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 Fellsmere, FL for FY 2027?
The two-bedroom FMR fell 1.6%, from $1,270 in FY 2026 to $1,250 in FY 2027. Since FY 2023 it has risen 25.0%.
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