FMR is near market; voucher and private rents are aligned.
0.95
3 BR
3 BR
1.00ratio
FMR$2,470
Market$2,480
vs market-$10
FMR is near market; voucher and private rents are aligned.
1.00
4 BR
4 BR
1.02ratio
FMR$3,000
Market$2,950
vs market+$50
FMR is near market; voucher and private rents are aligned.
1.02
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
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ZIP 33738 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 33738 (Saint Petersburg, FL) is $1,930 a month. That is down 3.0% from $1,990 in FY 2026. Saint Petersburg 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 70 ZIP codes in Pinellas County, 33738 is tied for the 31st-highest two-bedroom rent (county range $1,580–$2,880). The median county two-bedroom FMR in Florida is $1,474, so ZIP 33738 is 31% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 33738
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,600
$1,610
+0.6%
$1,449–$1,771
1BR
$1,710
$1,660
−2.9%
$1,494–$1,826
2BR
$1,990
$1,930
−3.0%
$1,737–$2,123
3BR
$2,540
$2,470
−2.8%
$2,223–$2,717
4BR
$3,100
$3,000
−3.2%
$2,700–$3,300
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 33738
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,610
$1,660
$1,930
$2,470
$3,000
FY 2026
$1,600
$1,710
$1,990
$2,540
$3,100
FY 2025
$1,570
$1,690
$1,980
$2,540
$3,090
FY 2024
$1,450
$1,560
$1,850
$2,370
$2,890
FY 2023
$1,280
$1,370
$1,650
$2,110
$2,590
Two-bedroom rent in nearby Pinellas County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 33738?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,930, that basic range is $1,737 to $2,123 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 33738 in?
ZIP 33738 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 33738 for FY 2027?
The two-bedroom FMR fell 3.0%, from $1,990 in FY 2026 to $1,930 in FY 2027. Since FY 2023 it has risen 17.0%.
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