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Hillsborough County/Valrico/33596

33596

ZIPSAFMR
Hillsborough County, FL
Zillow

ZIP Investment Score

85Below average

095130300
BRFMR
Eff. Rent
0 BR$2,400$1,850
1 BR$2,480$1,880
2 BR$2,880$2,080
3 BR$3,680$2,290
4 BR$4,470$2,640
5 BR$5,141Not available
6 BR$5,912Not available
7 BR$6,798Not available
8 BR$7,818Not available

Purchase Price Calculator

Maximum purchase price
$247,171

Cost breakdown

+Likely effective rent$2,080
HUD FMR$2,880
Market rentUsed$2,080
Est. payment standard (90%)$2,590
-Principal and interest-$1,250
Loan amount$197,737
Down payment$49,434
Rate6.50%
Term30 years
-Operating costs-$630
Property taxes-$247
Insurance-$175
Utilities$0
HOA$0
Management-$208
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$33,290(67.3% ROI)
Projected value
$266,176
Return breakdown
Property appreciation+$19,005
Loan principal paid down+$7,084
Rental cash flow+$7,200
5-year hold
+$57,114(115.5% ROI)
Projected value
$279,651
Return breakdown
Property appreciation+$32,480
Loan principal paid down+$12,633
Rental cash flow+$12,000
10-year hold
+$123,332(249.5% ROI)
Projected value
$316,399
Return breakdown
Property appreciation+$69,229
Loan principal paid down+$30,103
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.30
1 BR
1.32
2 BR
1.38
3 BR
1.61
4 BR
1.69
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 33596 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 33596 (Valrico, FL) is $2,880 a month. That is down 3.0% from $2,970 in FY 2026. Valrico 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, 33596 is tied for the highest two-bedroom rent (county range $1,170–$2,880). The median county two-bedroom FMR in Florida is $1,474, so ZIP 33596 is 95% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 33596
BedroomsFY 2027Change90–110% range
Studio$2,400+0.4%$2,160–$2,640
1BR$2,480−2.7%$2,232–$2,728
2BR$2,880−3.0%$2,592–$3,168
3BR$3,680−3.2%$3,312–$4,048
4BR$4,470−3.2%$4,023–$4,917

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 33596
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,400$2,480$2,880$3,680$4,470
FY 2026$2,390$2,550$2,970$3,800$4,620
FY 2025$2,350$2,530$2,970$3,800$4,630
FY 2024$2,180$2,350$2,780$3,550$4,340
FY 2023$1,940$2,070$2,490$3,190$3,910

Two-bedroom rent in nearby Hillsborough County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 33596
33586$1,970−31.6%
33587$1,970−31.6%
33592$1,410−51.0%
33594$2,190−24.0%
33595$1,970−31.6%
33596Current$2,880—
33598$1,660−42.4%
33601$1,970−31.6%
33602$2,8800.0%
33603$1,810−37.2%
33604$1,870−35.1%
33605$1,540−46.5%

Questions about ZIP 33596 rents

How much will Section 8 pay for a two-bedroom in ZIP 33596?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,880, that basic range is $2,592 to $3,168 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 33596 in?

ZIP 33596 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 33596 for FY 2027?

The two-bedroom FMR fell 3.0%, from $2,970 in FY 2026 to $2,880 in FY 2027. Since FY 2023 it has risen 15.7%.

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