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Broward County/Fort Lauderdale/33308

33308

ZIPSAFMR
Broward County, FL
Zillow

ZIP Investment Score

47Below average

095130300
BRFMR
Eff. Rent
0 BR$2,070$1,780
1 BR$2,240$2,150
2 BR$2,730$2,960
3 BR$3,730$4,100
4 BR$4,310$4,740
5 BR$4,957Not available
6 BR$5,700Not available
7 BR$6,555Not available
8 BR$7,538Not available

Purchase Price Calculator

Maximum purchase price
$377,938

Cost breakdown

+Likely effective rent$2,960
HUD FMR$2,730
Market rent$3,080
Est. payment standard (108%)Used$2,960
-Principal and interest-$1,911
Loan amount$302,351
Down payment$75,588
Rate6.50%
Term30 years
-Operating costs-$849
Property taxes-$378
Insurance-$175
Utilities$0
HOA$0
Management-$296
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$47,092(62.3% ROI)
Projected value
$406,998
Return breakdown
Property appreciation+$29,060
Loan principal paid down+$10,832
Rental cash flow+$7,200
5-year hold
+$80,981(107.1% ROI)
Projected value
$427,602
Return breakdown
Property appreciation+$49,664
Loan principal paid down+$19,317
Rental cash flow+$12,000
10-year hold
+$175,884(232.7% ROI)
Projected value
$483,793
Return breakdown
Property appreciation+$105,855
Loan principal paid down+$46,029
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.16
1 BR
1.04
2 BR
0.89
3 BR
0.55
4 BR
0.44
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 33308 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 33308 (Fort Lauderdale, FL) is $2,730 a month. That is down 3.9% from $2,840 in FY 2026. Fort Lauderdale is in the Fort Lauderdale, FL HUD Metro FMR Area, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. Among 87 ZIP codes in Broward County, 33308 has the 17th-highest two-bedroom rent (county range $1,780–$3,480). The median county two-bedroom FMR in Florida is $1,474, so ZIP 33308 is 85% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 33308
BedroomsFY 2027Change90–110% range
Studio$2,070−1.9%$1,863–$2,277
1BR$2,240−3.0%$2,016–$2,464
2BR$2,730−3.9%$2,457–$3,003
3BR$3,730−4.6%$3,357–$4,103
4BR$4,310−7.1%$3,879–$4,741

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 33308
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,070$2,240$2,730$3,730$4,310
FY 2026$2,110$2,310$2,840$3,910$4,640
FY 2025$2,070$2,250$2,790$3,850$4,690
FY 2024$1,770$1,910$2,370$3,290$4,020
FY 2023$1,520$1,650$2,060$2,880$3,510

Two-bedroom rent in nearby Broward County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 33308
33302$2,320−15.0%
33303$2,320−15.0%
33304$2,500−8.4%
33305$2,370−13.2%
33306$1,900−30.4%
33307$2,320−15.0%
33308Current$2,730—
33309$2,280−16.5%
33310$2,320−15.0%
33311$1,780−34.8%
33312$2,120−22.3%
33313$2,220−18.7%

Questions about ZIP 33308 rents

How much will Section 8 pay for a two-bedroom in ZIP 33308?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,730, that basic range is $2,457 to $3,003 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 ZIP 33308 in?

ZIP 33308 is in the Fort Lauderdale, 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 ZIP 33308 for FY 2027?

The two-bedroom FMR fell 3.9%, from $2,840 in FY 2026 to $2,730 in FY 2027. Since FY 2023 it has risen 32.5%.

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

County fair market rentFort Lauderdale, FL fair market rentFL statewide rentsWhat is SAFMR?Data sources