33574

ZIPSAFMR

Pasco County, FL

ZIP Investment Score

095130300

BR	FMR	Eff. Rent	3Y CAGR
0 BR	$1,130	$1,240	-6.4%
1 BR	$1,170	$1,290	-7.7%
2 BR	$1,360	$1,500	-8.2%
3 BR	$1,730	$1,900	-8.4%
4 BR	$2,100	$2,310	-8.6%
5 BR	$2,415	Not available	-8.6%
6 BR	$2,777	Not available	-8.6%
7 BR	$3,194	Not available	-8.6%
8 BR	$3,673	Not available	-8.6%

Purchase Price Calculator

Maximum purchase price

$160,983

Cost breakdown

+Likely effective rent$1,500

HUD FMR$1,360

Market rent$2,100

Est. payment standard (110%)Used$1,500

-Principal and interest-$814

Loan amount$128,786

Down payment$32,197

Rate6.50%

Term30 years

-Operating costs-$486

Property taxes-$161

Insurance-$175

Utilities$0

HOA$0

Management-$150

=Target cash flow+$200

Calculation mode

BedroomsCash-flow target

Down payment methodDown payment %

HOA / mo

Utilities methodUtilities amount

Management methodManagement % of rent

Hold period projections

Annual appreciation rate

3-year hold

+$24,192(75.1% ROI)

Projected value

$173,361

Return breakdown

Property appreciation+$12,378

Loan principal paid down+$4,614

Rental cash flow+$7,200

5-year hold

+$41,383(128.5% ROI)

Projected value

$182,137

Return breakdown

Property appreciation+$21,154

Loan principal paid down+$8,228

Rental cash flow+$12,000

10-year hold

+$88,695(275.5% ROI)

Projected value

$206,072

Return breakdown

Property appreciation+$45,089

Loan principal paid down+$19,606

Rental cash flow+$24,000

Public Housing Authority

Rolodex

Market Alignment

Studio

0.64ratio

FMR$1,130

Market$1,770

vs market-$640

FMR is below market; voucher rent may lag private rents.

0.64

1 BR

0.64ratio

FMR$1,170

Market$1,820

vs market-$650

FMR is below market; voucher rent may lag private rents.

0.64

2 BR

0.65ratio

FMR$1,360

Market$2,100

vs market-$740

FMR is below market; voucher rent may lag private rents.

0.65

3 BR

0.76ratio

FMR$1,730

Market$2,290

vs market-$560

FMR is below market; voucher rent may lag private rents.

0.76

4 BR

0.83ratio

FMR$2,100

Market$2,530

vs market-$430

FMR is below market; voucher rent may lag private rents.

0.83

0.700.800.901.001.101.201.30aligned range

Historical

FY 2023-2027

FMR: FY2027
Market rent: last ~365 days
Property value: --
Tax rate: --
Mortgage rate: --

ZIP 33574 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 33574 (Saint Leo, FL) is $1,360 a month. That is down 5.6% from $1,440 in FY 2026. Saint Leo 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 45 ZIP codes in Pasco County, 33574 has the 41st-highest two-bedroom rent (county range $1,020–$2,780). The median county two-bedroom FMR in Florida is $1,474, so ZIP 33574 is 8% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 33574
Bedrooms	FY 2026	FY 2027	Change	90–110% range
Studio	$1,130	$1,130	0.0%	$1,017–$1,243
1BR	$1,220	$1,170	−4.1%	$1,053–$1,287
2BR	$1,440	$1,360	−5.6%	$1,224–$1,496
3BR	$1,830	$1,730	−5.5%	$1,557–$1,903
4BR	$2,240	$2,100	−6.2%	$1,890–$2,310

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 33574
Fiscal year	Studio	1BR	2BR	3BR	4BR
FY 2027	$1,130	$1,170	$1,360	$1,730	$2,100
FY 2026	$1,130	$1,220	$1,440	$1,830	$2,240
FY 2025	$1,250	$1,350	$1,590	$2,030	$2,480
FY 2024	$1,380	$1,490	$1,760	$2,250	$2,750
FY 2023	$1,230	$1,320	$1,580	$2,020	$2,480

Two-bedroom rent in nearby Pasco County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code	2 bedroom	vs. 33574
33543	$2,650	+94.9%
33544	$2,440	+79.4%
33545	$2,740	+101.5%
33548	$2,410	+77.2%
33549	$2,020	+48.5%
33556	$2,150	+58.1%
33558	$1,860	+36.8%
33559	$1,830	+34.6%
33574Current	$1,360	—
33576	$1,380	+1.5%
33593	$1,770	+30.1%
33597	$1,020	−25.0%

Questions about ZIP 33574 rents

How much will Section 8 pay for a two-bedroom in ZIP 33574?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,360, that basic range is $1,224 to $1,496 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 33574 in?

ZIP 33574 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 33574 for FY 2027?

The two-bedroom FMR fell 5.6%, from $1,440 in FY 2026 to $1,360 in FY 2027. Since FY 2023 it has fallen 13.9%.

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 rent Saint Leo, FL fair market rent FL statewide rents What is SAFMR?Data sources