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Hillsborough County/Wesley Chapel/33544

33544

ZIPSAFMR
Hillsborough County, FL
Zillow

ZIP Investment Score

96Above average

095130300
BRFMR
Eff. Rent
0 BR$2,030$1,470
1 BR$2,100$1,550
2 BR$2,440$2,090
3 BR$3,120$2,310
4 BR$3,790$2,670
5 BR$4,359Not available
6 BR$5,012Not available
7 BR$5,764Not available
8 BR$6,629Not available

Purchase Price Calculator

Maximum purchase price
$248,657

Cost breakdown

+Likely effective rent$2,090
HUD FMR$2,440
Market rentUsed$2,090
Est. payment standard (91%)$2,210
-Principal and interest-$1,257
Loan amount$198,925
Down payment$49,731
Rate6.50%
Term30 years
-Operating costs-$633
Property taxes-$249
Insurance-$175
Utilities$0
HOA$0
Management-$209
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$33,446(67.3% ROI)
Projected value
$267,776
Return breakdown
Property appreciation+$19,119
Loan principal paid down+$7,127
Rental cash flow+$7,200
5-year hold
+$57,385(115.4% ROI)
Projected value
$281,332
Return breakdown
Property appreciation+$32,676
Loan principal paid down+$12,709
Rental cash flow+$12,000
10-year hold
+$123,929(249.2% ROI)
Projected value
$318,302
Return breakdown
Property appreciation+$69,645
Loan principal paid down+$30,284
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.38
1 BR
1.35
2 BR
1.17
3 BR
1.35
4 BR
1.42
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 33544 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 33544 (Wesley Chapel, FL) is $2,440 a month. That is down 7.6% from $2,640 in FY 2026. Wesley Chapel is in the Tampa-St. Petersburg-Clearwater, FL MSA, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. Among 89 ZIP codes in Hillsborough County, 33544 has the 11th-highest two-bedroom rent (county range $1,170–$2,880). The median county two-bedroom FMR in Florida is $1,474, so ZIP 33544 is 66% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 33544
BedroomsFY 2027Change90–110% range
Studio$2,030−4.7%$1,827–$2,233
1BR$2,100−7.1%$1,890–$2,310
2BR$2,440−7.6%$2,196–$2,684
3BR$3,120−7.7%$2,808–$3,432
4BR$3,790−7.8%$3,411–$4,169

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 33544
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,030$2,100$2,440$3,120$3,790
FY 2026$2,130$2,260$2,640$3,380$4,110
FY 2025$2,110$2,280$2,670$3,420$4,160
FY 2024$1,980$2,140$2,530$3,230$3,950
FY 2023$1,760$1,880$2,260$2,890$3,550

Two-bedroom rent in nearby Hillsborough County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 33544
33527$1,170−52.0%
33530$1,650−32.4%
33534$1,740−28.7%
33540$1,230−49.6%
33544Current$2,440—
33547$2,800+14.8%
33548$2,410−1.2%
33549$2,020−17.2%
33550$1,970−19.3%
33556$2,150−11.9%
33558$1,860−23.8%
33559$1,830−25.0%

Questions about ZIP 33544 rents

How much will Section 8 pay for a two-bedroom in ZIP 33544?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,440, that basic range is $2,196 to $2,684 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 33544 in?

ZIP 33544 is in the Tampa-St. Petersburg-Clearwater, 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 ZIP 33544 for FY 2027?

The two-bedroom FMR fell 7.6%, from $2,640 in FY 2026 to $2,440 in FY 2027. Since FY 2023 it has risen 8.0%.

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

County fair market rentWesley Chapel, FL fair market rentFL statewide rentsWhat is SAFMR?Data sources