Skip to main content
Loading page
Broward County/Fort Lauderdale/33316

33316

ZIPSAFMR
Broward County, FL
Zillow

ZIP Investment Score

30Below average

095130300
BRFMR
Eff. Rent
0 BR$1,960$1,650
1 BR$2,110$1,990
2 BR$2,580$2,840
3 BR$3,530$3,880
4 BR$4,070$4,480
5 BR$4,681Not available
6 BR$5,383Not available
7 BR$6,190Not available
8 BR$7,118Not available

Purchase Price Calculator

Maximum purchase price
$360,106

Cost breakdown

+Likely effective rent$2,840
HUD FMR$2,580
Market rent$3,030
Est. payment standard (110%)Used$2,840
-Principal and interest-$1,821
Loan amount$288,085
Down payment$72,021
Rate6.50%
Term30 years
-Operating costs-$819
Property taxes-$360
Insurance-$175
Utilities$0
HOA$0
Management-$284
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$45,210(62.8% ROI)
Projected value
$387,795
Return breakdown
Property appreciation+$27,689
Loan principal paid down+$10,321
Rental cash flow+$7,200
5-year hold
+$77,727(107.9% ROI)
Projected value
$407,427
Return breakdown
Property appreciation+$47,321
Loan principal paid down+$18,406
Rental cash flow+$12,000
10-year hold
+$168,718(234.3% ROI)
Projected value
$460,967
Return breakdown
Property appreciation+$100,860
Loan principal paid down+$43,858
Rental cash flow+$24,000

Public Housing Authority

Loading Public Housing Authority

Rolodex

Loading Rolodex

Market Alignment

Studio
1.19
1 BR
1.06
2 BR
0.85
3 BR
0.58
4 BR
0.35
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 33316 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 33316 (Fort Lauderdale, FL) is $2,580 a month. That is up 2.0% from $2,530 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, 33316 is tied for the 22nd-highest two-bedroom rent (county range $1,780–$3,480). The median county two-bedroom FMR in Florida is $1,474, so ZIP 33316 is 75% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 33316
BedroomsFY 2027Change90–110% range
Studio$1,960+4.3%$1,764–$2,156
1BR$2,110+2.4%$1,899–$2,321
2BR$2,580+2.0%$2,322–$2,838
3BR$3,530+1.1%$3,177–$3,883
4BR$4,070−1.5%$3,663–$4,477

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 33316
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,960$2,110$2,580$3,530$4,070
FY 2026$1,880$2,060$2,530$3,490$4,130
FY 2025$1,800$1,960$2,430$3,360$4,080
FY 2024$1,490$1,600$1,990$2,760$3,380
FY 2023$1,200$1,300$1,620$2,270$2,760

Two-bedroom rent in nearby Broward County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 33316
33310$2,320−10.1%
33311$1,780−31.0%
33312$2,120−17.8%
33313$2,220−14.0%
33314$2,550−1.2%
33315$2,270−12.0%
33316Current$2,580—
33317$2,560−0.8%
33318$2,320−10.1%
33319$2,240−13.2%
33320$2,320−10.1%
33321$2,470−4.3%

Questions about ZIP 33316 rents

How much will Section 8 pay for a two-bedroom in ZIP 33316?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,580, that basic range is $2,322 to $2,838 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 33316 in?

ZIP 33316 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 33316 for FY 2027?

The two-bedroom FMR rose 2.0%, from $2,530 in FY 2026 to $2,580 in FY 2027. Since FY 2023 it has risen 59.3%.

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