FMR is near market; voucher and private rents are aligned.
0.97
2 BR
2 BR- 33863
1.07ratio
FMR$1,610
Market$1,500
vs market+$110
FMR is near market; voucher and private rents are aligned.
1.07
3 BR
3 BR- 33863
1.23ratio
FMR$2,210
Market$1,800
vs market+$410
FMR is above market; underwrite to market rent.
1.23
4 BR
4 BR- 33863
1.23ratio
FMR$2,690
Market$2,190
vs market+$500
FMR is above market; underwrite to market rent.
1.23
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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Nichols, FL fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Nichols, FL is $1,610 a month. That is up 7.3% from $1,500 in FY 2026. Nichols 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 Nichols is 9% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Nichols, FL
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,230
$1,260
+2.4%
$1,134–$1,386
1BR
$1,230
$1,340
+8.9%
$1,206–$1,474
2BR
$1,500
$1,610
+7.3%
$1,449–$1,771
3BR
$2,030
$2,210
+8.9%
$1,989–$2,431
4BR
$2,520
$2,690
+6.7%
$2,421–$2,959
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Nichols, FL
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,260
$1,340
$1,610
$2,210
$2,690
FY 2026
$1,230
$1,230
$1,500
$2,030
$2,520
FY 2025
$1,090
$1,090
$1,340
$1,800
$2,250
FY 2024
$1,010
$1,010
$1,250
$1,680
$2,120
FY 2023
$930
$940
$1,160
$1,570
$1,980
Questions about Nichols, FL rents
How much will Section 8 pay for a two-bedroom in Nichols, 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 $1,610 it would be $1,449 to $1,771. 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 Nichols, FL in?
Nichols, 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 Nichols, FL for FY 2027?
The two-bedroom FMR rose 7.3%, from $1,500 in FY 2026 to $1,610 in FY 2027. Since FY 2023 it has risen 38.8%.
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