FMR is below market; voucher rent may lag private rents.
0.43
1 BR
1 BR- 33042
0.54ratio
FMR$2,320
Market$4,290
vs market-$1,970
FMR is below market; voucher rent may lag private rents.
0.54
2 BR
2 BR- 33042
0.59ratio
FMR$2,620
Market$4,470
vs market-$1,850
FMR is below market; voucher rent may lag private rents.
0.59
3 BR
3 BR- 33042
0.65ratio
FMR$3,460
Market$5,350
vs market-$1,890
FMR is below market; voucher rent may lag private rents.
0.65
4 BR
4 BR- 33042
0.65ratio
FMR$3,470
Market$5,310
vs market-$1,840
FMR is below market; voucher rent may lag private rents.
0.65
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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Summerland Key, FL fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Summerland Key, FL is $2,620 a month. That is down 10.0% from $2,910 in FY 2026. Summerland Key is in the Monroe County, FL non-metropolitan FMR area. 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 county-wide two-bedroom FMR of $2,254. The median county two-bedroom FMR in Florida is $1,474, so Summerland Key is 78% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Summerland Key, FL
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$2,010
$1,810
−10.0%
$1,629–$1,991
1BR
$2,570
$2,320
−9.7%
$2,088–$2,552
2BR
$2,910
$2,620
−10.0%
$2,358–$2,882
3BR
$3,840
$3,460
−9.9%
$3,114–$3,806
4BR
$3,850
$3,470
−9.9%
$3,123–$3,817
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Summerland Key, FL
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,810
$2,320
$2,620
$3,460
$3,470
FY 2026
$2,010
$2,570
$2,910
$3,840
$3,850
FY 2025
$1,800
$2,180
$2,610
$3,470
$3,840
FY 2024area FMR
$1,556
$1,730
$2,139
$2,812
$3,426
FY 2023area FMR
$1,497
$1,597
$2,023
$2,569
$3,433
Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.
Questions about Summerland Key, FL rents
How much will Section 8 pay for a two-bedroom in Summerland Key, FL?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $2,254, which applies unless the housing authority uses Small Area FMRs, that basic range is $2,029 to $2,479 a month; under the ZIP-level Small Area FMR of $2,620 it would be $2,358 to $2,882. 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 Summerland Key, FL in?
Summerland Key, FL is in the Monroe County, FL non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $2,254.
How much did fair market rent change in Summerland Key, FL for FY 2027?
The two-bedroom FMR fell 10.0%, from $2,910 in FY 2026 to $2,620 in FY 2027. Since FY 2025 it has risen 0.4%.
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