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Polk County/Bartow/33831

33831

ZIPSAFMR
Polk County, FL
Zillow
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ZIP Investment Score

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095130300
BRFMR
Eff. Rent
0 BR$1,260$1,350
1 BR$1,340$1,390
2 BR$1,610$1,580
3 BR$2,210$1,980
4 BR$2,690$2,480
5 BR$3,093Not available
6 BR$3,558Not available
7 BR$4,091Not available
8 BR$4,705Not available

Purchase Price Calculator

Maximum purchase price
$172,871

Cost breakdown

+Likely effective rent$1,580
HUD FMR$1,610
Market rentUsed$1,580
Est. payment standard (99%)$1,590
-Principal and interest-$874
Loan amount$138,297
Down payment$34,574
Rate6.50%
Term30 years
-Operating costs-$506
Property taxes-$173
Insurance-$175
Utilities$0
HOA$0
Management-$158
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$25,447(73.6% ROI)
Projected value
$186,163
Return breakdown
Property appreciation+$13,292
Loan principal paid down+$4,955
Rental cash flow+$7,200
5-year hold
+$43,552(126.0% ROI)
Projected value
$195,588
Return breakdown
Property appreciation+$22,717
Loan principal paid down+$8,836
Rental cash flow+$12,000
10-year hold
+$93,473(270.4% ROI)
Projected value
$221,289
Return breakdown
Property appreciation+$48,418
Loan principal paid down+$21,054
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.90
1 BR
0.95
2 BR
1.02
3 BR
1.12
4 BR
1.08
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
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Tax rate
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Mortgage rate
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ZIP 33831 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 33831 (Bartow, FL) is $1,610 a month. That is up 7.3% from $1,500 in FY 2026. Bartow is in the Lakeland-Winter Haven, FL MSA. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the metro-wide two-bedroom FMR of $1,608. Among 58 ZIP codes in Polk County, 33831 is tied for the 18th-highest two-bedroom rent (county range $1,350–$2,800). The median county two-bedroom FMR in Florida is $1,474, so ZIP 33831 is 9% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 33831
BedroomsFY 2027Change90–110% range
Studio$1,260+2.4%$1,134–$1,386
1BR$1,340+8.9%$1,206–$1,474
2BR$1,610+7.3%$1,449–$1,771
3BR$2,210+8.9%$1,989–$2,431
4BR$2,690+6.7%$2,421–$2,959

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 33831
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,260$1,340$1,610$2,210$2,690
FY 2026$1,230$1,230$1,500$2,030$2,520
FY 2025$1,090$1,090$1,340$1,800$2,250
FY 2024$1,010$1,010$1,250$1,680$2,120
FY 2023$930$940$1,160$1,570$1,980

Two-bedroom rent in nearby Polk County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 33831
33823$1,350−16.1%
33825$1,350−16.1%
33827$1,670+3.7%
33830$1,350−16.1%
33831Current$1,610—
33834$1,350−16.1%
33835$1,470−8.7%
33836$1,6100.0%
33837$2,110+31.1%
33838$1,820+13.0%
33839$1,860+15.5%
33840$1,830+13.7%

Questions about ZIP 33831 rents

How much will Section 8 pay for a two-bedroom in ZIP 33831?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,608, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,447 to $1,769 a month; under the ZIP-level Small Area FMR of $1,610 it would be $1,449 to $1,771. 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 33831 in?

ZIP 33831 is in the Lakeland-Winter Haven, FL MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,608.

How much did fair market rent change in ZIP 33831 for FY 2027?

The two-bedroom FMR rose 7.3%, from $1,500 in FY 2026 to $1,610 in FY 2027. Since FY 2023 it has risen 38.8%.

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