FMR is near market; voucher and private rents are aligned.
0.97
3 BR
3 BR- 33956
1.40ratio
FMR$3,560
Market$2,550
vs market+$1,010
FMR is above market; underwrite to market rent.
1.40
4 BR
4 BR- 33956
0.89ratio
FMR$3,920
Market$4,400
vs market-$480
FMR is below market; voucher rent may lag private rents.
0.89
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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Saint James City, FL fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Saint James City, FL is $2,750 a month. That is down 6.5% from $2,940 in FY 2026. Saint James City 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 Saint James City is 87% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Saint James City, FL
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$2,440
$2,330
−4.5%
$2,097–$2,563
1BR
$2,460
$2,340
−4.9%
$2,106–$2,574
2BR
$2,940
$2,750
−6.5%
$2,475–$3,025
3BR
$3,840
$3,560
−7.3%
$3,204–$3,916
4BR
$4,250
$3,920
−7.8%
$3,528–$4,312
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Saint James City, FL
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$2,330
$2,340
$2,750
$3,560
$3,920
FY 2026
$2,440
$2,460
$2,940
$3,840
$4,250
FY 2025
$2,070
$2,080
$2,580
$3,390
$3,770
FY 2024
$1,650
$1,650
$2,080
$2,730
$3,100
FY 2023
$1,150
$1,160
$1,470
$1,920
$2,190
Questions about Saint James City, FL rents
How much will Section 8 pay for a two-bedroom in Saint James City, 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 $2,750 it would be $2,475 to $3,025. 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 Saint James City, FL in?
Saint James City, 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 Saint James City, FL for FY 2027?
The two-bedroom FMR fell 6.5%, from $2,940 in FY 2026 to $2,750 in FY 2027. Since FY 2023 it has risen 87.1%.
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