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Hillsborough County/Plant City/33566

33566

ZIPSAFMR
Hillsborough County, FL
Zillow

ZIP Investment Score

88Below average

095130300
BRFMR
Eff. Rent
0 BR$1,400$1,400
1 BR$1,440$1,400
2 BR$1,680$1,710
3 BR$2,150$2,080
4 BR$2,610$2,410
5 BR$3,001Not available
6 BR$3,452Not available
7 BR$3,969Not available
8 BR$4,565Not available

Purchase Price Calculator

Maximum purchase price
$192,189

Cost breakdown

+Likely effective rent$1,710
HUD FMR$1,680
Market rent$1,720
Est. payment standard (102%)Used$1,710
-Principal and interest-$972
Loan amount$153,751
Down payment$38,438
Rate6.50%
Term30 years
-Operating costs-$538
Property taxes-$192
Insurance-$175
Utilities$0
HOA$0
Management-$171
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$27,486(71.5% ROI)
Projected value
$206,966
Return breakdown
Property appreciation+$14,778
Loan principal paid down+$5,509
Rental cash flow+$7,200
5-year hold
+$47,078(122.5% ROI)
Projected value
$217,444
Return breakdown
Property appreciation+$25,255
Loan principal paid down+$9,823
Rental cash flow+$12,000
10-year hold
+$101,236(263.4% ROI)
Projected value
$246,018
Return breakdown
Property appreciation+$53,829
Loan principal paid down+$23,407
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.00
1 BR
1.03
2 BR
0.98
3 BR
1.03
4 BR
1.08
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 33566 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 33566 (Plant City, FL) is $1,680 a month. That is down 6.7% from $1,800 in FY 2026. Plant City 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, 33566 is tied for the 75th-highest two-bedroom rent (county range $1,170–$2,880). The median county two-bedroom FMR in Florida is $1,474, so ZIP 33566 is 14% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 33566
BedroomsFY 2027Change90–110% range
Studio$1,400−3.4%$1,260–$1,540
1BR$1,440−6.5%$1,296–$1,584
2BR$1,680−6.7%$1,512–$1,848
3BR$2,150−6.5%$1,935–$2,365
4BR$2,610−6.8%$2,349–$2,871

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 33566
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,400$1,440$1,680$2,150$2,610
FY 2026$1,450$1,540$1,800$2,300$2,800
FY 2025$1,460$1,580$1,850$2,370$2,880
FY 2024$1,390$1,490$1,770$2,260$2,760
FY 2023$1,210$1,290$1,550$1,980$2,430

Two-bedroom rent in nearby Hillsborough County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 33566
33559$1,830+8.9%
33563$1,610−4.2%
33564$1,970+17.3%
33565$1,560−7.1%
33566Current$1,680—
33567$1,610−4.2%
33568$1,970+17.3%
33569$2,600+54.8%
33570$1,540−8.3%
33571$1,970+17.3%
33572$2,640+57.1%
33573$2,280+35.7%

Questions about ZIP 33566 rents

How much will Section 8 pay for a two-bedroom in ZIP 33566?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,680, that basic range is $1,512 to $1,848 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 33566 in?

ZIP 33566 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 33566 for FY 2027?

The two-bedroom FMR fell 6.7%, from $1,800 in FY 2026 to $1,680 in FY 2027. Since FY 2023 it has risen 8.4%.

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

County fair market rentPlant City, FL fair market rentFL statewide rentsWhat is SAFMR?Data sources