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FL/Hernando County/Istachatta

Istachatta, FL

CitySAFMR
Hernando County
Found 1 ZIP
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City Median Investment Score

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095130300
BRFMR
Eff. Rent
0 BR$1,310$1,310
1 BR$1,350$1,350
2 BR$1,570$1,570
3 BR$2,010$2,010
4 BR$2,440$2,440
5 BR$2,806Not available
6 BR$3,227Not available
7 BR$3,711Not available
8 BR$4,268Not available

Purchase Price Calculator

Maximum purchase price
$171,385

Cost breakdown

+Likely effective rent$1,570
HUD FMRUsed$1,570
Market rentN/A
Est. payment standardN/A
-Principal and interest-$867
Loan amount$137,108
Down payment$34,277
Rate6.50%
Term30 years
-Operating costs-$503
Property taxes-$171
Insurance-$175
Utilities$0
HOA$0
Management-$157
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$25,290(73.8% ROI)
Projected value
$184,563
Return breakdown
Property appreciation+$13,178
Loan principal paid down+$4,912
Rental cash flow+$7,200
5-year hold
+$43,281(126.3% ROI)
Projected value
$193,906
Return breakdown
Property appreciation+$22,521
Loan principal paid down+$8,760
Rental cash flow+$12,000
10-year hold
+$92,875(271.0% ROI)
Projected value
$219,387
Return breakdown
Property appreciation+$48,002
Loan principal paid down+$20,873
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Not enough rental comps in this area to determine how FMR aligns with current market rates.

Historical
FY 2023-2027
FMR
FY2027
Property value
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Tax rate
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Mortgage rate
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Istachatta, FL fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Istachatta, FL is $1,570 a month. That is down 4.8% from $1,650 in FY 2026. Istachatta is in the Tampa-St. Petersburg-Clearwater, 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 Istachatta is 7% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for Istachatta, FL
BedroomsFY 2027Change90–110% range
Studio$1,310−1.5%$1,179–$1,441
1BR$1,350−4.9%$1,215–$1,485
2BR$1,570−4.8%$1,413–$1,727
3BR$2,010−4.7%$1,809–$2,211
4BR$2,440−5.1%$2,196–$2,684

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for Istachatta, FL
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,310$1,350$1,570$2,010$2,440
FY 2026$1,330$1,420$1,650$2,110$2,570
FY 2025$1,340$1,440$1,690$2,160$2,630
FY 2024$1,250$1,350$1,600$2,050$2,500
FY 2023$1,130$1,210$1,450$1,860$2,270

Questions about Istachatta, FL rents

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

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,570, that basic range is $1,413 to $1,727 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 Istachatta, FL in?

Istachatta, FL is in the Tampa-St. Petersburg-Clearwater, 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 Istachatta, FL for FY 2027?

The two-bedroom FMR fell 4.8%, from $1,650 in FY 2026 to $1,570 in FY 2027. Since FY 2023 it has risen 8.3%.

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