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Hillsborough County/Lutz/33548

33548

ZIPSAFMR
Hillsborough County, FL
Zillow

ZIP Investment Score

60Below average

095130300
BRFMR
Eff. Rent
0 BR$2,010$1,670
1 BR$2,070$1,690
2 BR$2,410$2,160
3 BR$3,080$2,350
4 BR$3,740$3,040
5 BR$4,301Not available
6 BR$4,946Not available
7 BR$5,688Not available
8 BR$6,541Not available

Purchase Price Calculator

Maximum purchase price
$259,059

Cost breakdown

+Likely effective rent$2,160
HUD FMR$2,410
Market rentUsed$2,160
Est. payment standard (93%)$2,250
-Principal and interest-$1,310
Loan amount$207,247
Down payment$51,812
Rate6.50%
Term30 years
-Operating costs-$650
Property taxes-$259
Insurance-$175
Utilities$0
HOA$0
Management-$216
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$34,544(66.7% ROI)
Projected value
$278,978
Return breakdown
Property appreciation+$19,919
Loan principal paid down+$7,425
Rental cash flow+$7,200
5-year hold
+$59,283(114.4% ROI)
Projected value
$293,101
Return breakdown
Property appreciation+$34,042
Loan principal paid down+$13,241
Rental cash flow+$12,000
10-year hold
+$128,109(247.3% ROI)
Projected value
$331,617
Return breakdown
Property appreciation+$72,558
Loan principal paid down+$31,551
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.20
1 BR
1.22
2 BR
1.12
3 BR
1.31
4 BR
1.23
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 33548 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 33548 (Lutz, FL) is $2,410 a month. That is down 4.4% from $2,520 in FY 2026. Lutz 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, 33548 is tied for the 12th-highest two-bedroom rent (county range $1,170–$2,880). The median county two-bedroom FMR in Florida is $1,474, so ZIP 33548 is 64% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 33548
BedroomsFY 2027Change90–110% range
Studio$2,010−1.0%$1,809–$2,211
1BR$2,070−4.2%$1,863–$2,277
2BR$2,410−4.4%$2,169–$2,651
3BR$3,080−4.3%$2,772–$3,388
4BR$3,740−4.6%$3,366–$4,114

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 33548
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,010$2,070$2,410$3,080$3,740
FY 2026$2,030$2,160$2,520$3,220$3,920
FY 2025$2,080$2,240$2,630$3,370$4,100
FY 2024$1,970$2,130$2,520$3,220$3,930
FY 2023$1,750$1,870$2,250$2,880$3,530

Two-bedroom rent in nearby Hillsborough County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 33548
33534$1,740−27.8%
33540$1,230−49.0%
33544$2,440+1.2%
33547$2,800+16.2%
33548Current$2,410—
33549$2,020−16.2%
33550$1,970−18.3%
33556$2,150−10.8%
33558$1,860−22.8%
33559$1,830−24.1%
33563$1,610−33.2%
33564$1,970−18.3%

Questions about ZIP 33548 rents

How much will Section 8 pay for a two-bedroom in ZIP 33548?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,410, that basic range is $2,169 to $2,651 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 33548 in?

ZIP 33548 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 33548 for FY 2027?

The two-bedroom FMR fell 4.4%, from $2,520 in FY 2026 to $2,410 in FY 2027. Since FY 2023 it has risen 7.1%.

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 rentLutz, FL fair market rentFL statewide rentsWhat is SAFMR?Data sources