For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 33621 (Tampa, FL) is $2,880 a month. That is down 3.0% from $2,970 in FY 2026. Tampa 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, 33621 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 33621 is 95% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 33621
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$2,390
$2,400
+0.4%
$2,160–$2,640
1BR
$2,550
$2,480
−2.7%
$2,232–$2,728
2BR
$2,970
$2,880
−3.0%
$2,592–$3,168
3BR
$3,800
$3,680
−3.2%
$3,312–$4,048
4BR
$4,620
$4,470
−3.2%
$4,023–$4,917
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 33621
Fiscal year
Studio
1BR
2BR
3BR
4BR
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
How much will Section 8 pay for a two-bedroom in ZIP 33621?
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 33621 in?
ZIP 33621 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 33621 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