FMR is below market; voucher rent may lag private rents.
0.71
1 BR
1 BR- 32959
0.87ratio
FMR$1,430
Market$1,650
vs market-$220
FMR is below market; voucher rent may lag private rents.
0.87
2 BR
2 BR- 32959
0.78ratio
FMR$1,670
Market$2,130
vs market-$460
FMR is below market; voucher rent may lag private rents.
0.78
3 BR
3 BR- 32959
0.95ratio
FMR$2,240
Market$2,360
vs market-$120
FMR is near market; voucher and private rents are aligned.
0.95
4 BR
4 BR- 32959
0.84ratio
FMR$2,540
Market$3,010
vs market-$470
FMR is below market; voucher rent may lag private rents.
0.84
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
--
Sharpes, FL fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Sharpes, FL is $1,670 a month. That is up 6.4% from $1,570 in FY 2026. Sharpes 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 Sharpes is 13% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Sharpes, FL
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,160
$1,250
+7.8%
$1,125–$1,375
1BR
$1,360
$1,430
+5.1%
$1,287–$1,573
2BR
$1,570
$1,670
+6.4%
$1,503–$1,837
3BR
$2,140
$2,240
+4.7%
$2,016–$2,464
4BR
$2,430
$2,540
+4.5%
$2,286–$2,794
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Sharpes, FL
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,250
$1,430
$1,670
$2,240
$2,540
FY 2026
$1,160
$1,360
$1,570
$2,140
$2,430
FY 2025
$1,210
$1,410
$1,640
$2,230
$2,550
FY 2024
$1,030
$1,210
$1,430
$1,930
$2,260
FY 2023
$970
$1,150
$1,380
$1,840
$2,190
Questions about Sharpes, FL rents
How much will Section 8 pay for a two-bedroom in Sharpes, FL?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,670, that basic range is $1,503 to $1,837 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 Sharpes, FL in?
Sharpes, 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 Sharpes, FL for FY 2027?
The two-bedroom FMR rose 6.4%, from $1,570 in FY 2026 to $1,670 in FY 2027. Since FY 2023 it has risen 21.0%.
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