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Hillsborough County/Tampa/33634

33634

ZIPSAFMR
Hillsborough County, FL
Zillow

ZIP Investment Score

92Below average

095130300
BRFMR
Eff. Rent
0 BR$1,840$1,460
1 BR$1,900$1,460
2 BR$2,210$2,000
3 BR$2,820$2,380
4 BR$3,430$3,060
5 BR$3,944Not available
6 BR$4,536Not available
7 BR$5,217Not available
8 BR$5,999Not available

Purchase Price Calculator

Maximum purchase price
$235,283

Cost breakdown

+Likely effective rent$2,000
HUD FMR$2,210
Market rentUsed$2,000
Est. payment standard (94%)$2,070
-Principal and interest-$1,190
Loan amount$188,226
Down payment$47,057
Rate6.50%
Term30 years
-Operating costs-$610
Property taxes-$235
Insurance-$175
Utilities$0
HOA$0
Management-$200
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$32,035(68.1% ROI)
Projected value
$253,374
Return breakdown
Property appreciation+$18,091
Loan principal paid down+$6,744
Rental cash flow+$7,200
5-year hold
+$54,944(116.8% ROI)
Projected value
$266,201
Return breakdown
Property appreciation+$30,918
Loan principal paid down+$12,026
Rental cash flow+$12,000
10-year hold
+$118,554(251.9% ROI)
Projected value
$301,182
Return breakdown
Property appreciation+$65,899
Loan principal paid down+$28,655
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.26
1 BR
1.30
2 BR
1.10
3 BR
1.18
4 BR
1.12
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 33634 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 33634 (Tampa, FL) is $2,210 a month. That is down 3.5% from $2,290 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, 33634 is tied for the 21st-highest two-bedroom rent (county range $1,170–$2,880). The median county two-bedroom FMR in Florida is $1,474, so ZIP 33634 is 50% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 33634
BedroomsFY 2027Change90–110% range
Studio$1,840−0.5%$1,656–$2,024
1BR$1,900−3.1%$1,710–$2,090
2BR$2,210−3.5%$1,989–$2,431
3BR$2,820−3.8%$2,538–$3,102
4BR$3,430−3.7%$3,087–$3,773

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 33634
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,840$1,900$2,210$2,820$3,430
FY 2026$1,850$1,960$2,290$2,930$3,560
FY 2025$1,810$1,950$2,290$2,930$3,570
FY 2024$1,680$1,810$2,140$2,740$3,340
FY 2023$1,500$1,610$1,930$2,470$3,030

Two-bedroom rent in nearby Hillsborough County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 33634
33621$2,880+30.3%
33622$1,970−10.9%
33623$1,970−10.9%
33624$2,110−4.5%
33625$2,250+1.8%
33626$2,620+18.6%
33629$2,250+1.8%
33630$1,970−10.9%
33634Current$2,210—
33635$2,230+0.9%
33637$1,930−12.7%
33646$1,970−10.9%

Questions about ZIP 33634 rents

How much will Section 8 pay for a two-bedroom in ZIP 33634?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,210, that basic range is $1,989 to $2,431 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 33634 in?

ZIP 33634 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 33634 for FY 2027?

The two-bedroom FMR fell 3.5%, from $2,290 in FY 2026 to $2,210 in FY 2027. Since FY 2023 it has risen 14.5%.

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