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South Bay, FL

CitySAFMR
Palm Beach County
Found 1 ZIP

City Median Investment Score

78Below average

095130300
BRFMR
Eff. Rent
0 BR$1,140$1,180
1 BR$1,210$1,160
2 BR$1,410$1,470
3 BR$1,830$1,500
4 BR$2,110$1,540
5 BR$2,427Not available
6 BR$2,790Not available
7 BR$3,209Not available
8 BR$3,690Not available

Purchase Price Calculator

Maximum purchase price
$156,525

Cost breakdown

+Likely effective rent$1,470
HUD FMR$1,410
Market rent$1,500
Est. payment standard (104%)Used$1,470
-Principal and interest-$791
Loan amount$125,220
Down payment$31,305
Rate6.50%
Term30 years
-Operating costs-$479
Property taxes-$157
Insurance-$175
Utilities$0
HOA$0
Management-$147
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$23,722(75.8% ROI)
Projected value
$168,560
Return breakdown
Property appreciation+$12,035
Loan principal paid down+$4,486
Rental cash flow+$7,200
5-year hold
+$40,569(129.6% ROI)
Projected value
$177,094
Return breakdown
Property appreciation+$20,569
Loan principal paid down+$8,000
Rental cash flow+$12,000
10-year hold
+$86,904(277.6% ROI)
Projected value
$200,365
Return breakdown
Property appreciation+$43,840
Loan principal paid down+$19,063
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.95
1 BR
1.04
2 BR
0.94
3 BR
1.22
4 BR
1.37
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

South Bay, FL fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in South Bay, FL is $1,410 a month. That is down 0.7% from $1,420 in FY 2026. South Bay is in the West Palm Beach-Boca Raton, FL HUD Metro FMR Area, 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 South Bay is 4% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for South Bay, FL
BedroomsFY 2027Change90–110% range
Studio$1,140+0.9%$1,026–$1,254
1BR$1,210+0.8%$1,089–$1,331
2BR$1,410−0.7%$1,269–$1,551
3BR$1,830−0.5%$1,647–$2,013
4BR$2,110−0.9%$1,899–$2,321

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for South Bay, FL
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,140$1,210$1,410$1,830$2,110
FY 2026$1,130$1,200$1,420$1,840$2,130
FY 2025$1,060$1,180$1,410$1,840$2,200
FY 2024$1,000$1,170$1,410$1,860$2,250
FY 2023$790$960$1,180$1,580$1,930

Questions about South Bay, FL rents

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

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,410, that basic range is $1,269 to $1,551 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 South Bay, FL in?

South Bay, FL is in the West Palm Beach-Boca Raton, FL HUD Metro FMR Area. HUD requires Small Area FMRs in this area, so payment standards are set by ZIP code.

How much did fair market rent change in South Bay, FL for FY 2027?

The two-bedroom FMR fell 0.7%, from $1,420 in FY 2026 to $1,410 in FY 2027. Since FY 2023 it has risen 19.5%.

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