33867

ZIPSAFMR

Polk County, FL

ZIP Investment Score

095130300

BR	FMR	Eff. Rent	3Y CAGR
0 BR	$1,110	$1,110	3.5%
1 BR	$1,180	$1,180	4.6%
2 BR	$1,420	$1,420	5.2%
3 BR	$1,950	$1,950	7.0%
4 BR	$2,370	$2,370	6.4%
5 BR	$2,726	Not available	6.4%
6 BR	$3,134	Not available	6.4%
7 BR	$3,604	Not available	6.4%
8 BR	$4,145	Not available	6.3%

Purchase Price Calculator

Maximum purchase price

$149,095

Cost breakdown

+Likely effective rent$1,420

HUD FMRUsed$1,420

Market rentN/A

Est. payment standardN/A

-Principal and interest-$754

Loan amount$119,276

Down payment$29,819

Rate6.50%

Term30 years

-Operating costs-$466

Property taxes-$149

Insurance-$175

Utilities$0

HOA$0

Management-$142

=Target cash flow+$200

Calculation mode

BedroomsCash-flow target

Down payment methodDown payment %

HOA / mo

Utilities methodUtilities amount

Management methodManagement % of rent

Hold period projections

Annual appreciation rate

3-year hold

+$22,937(76.9% ROI)

Projected value

$160,559

Return breakdown

Property appreciation+$11,464

Loan principal paid down+$4,273

Rental cash flow+$7,200

5-year hold

+$39,213(131.5% ROI)

Projected value

$168,687

Return breakdown

Property appreciation+$19,592

Loan principal paid down+$7,621

Rental cash flow+$12,000

10-year hold

+$83,918(281.4% ROI)

Projected value

$190,854

Return breakdown

Property appreciation+$41,759

Loan principal paid down+$18,158

Rental cash flow+$24,000

Public Housing Authority

Rolodex

Market Alignment

Not enough rental comps in this area to determine how FMR aligns with current market rates.

Historical

FY 2023-2027

FMR: FY2027
Property value: --
Tax rate: --
Mortgage rate: --

ZIP 33867 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 33867 (River Ranch, FL) is $1,420 a month. That is up 6.8% from $1,330 in FY 2026. River Ranch 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, 33867 is tied for the 43rd-highest two-bedroom rent (county range $1,350–$2,800). The median county two-bedroom FMR in Florida is $1,474, so ZIP 33867 is 4% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 33867
Bedrooms	FY 2026	FY 2027	Change	90–110% range
Studio	$1,090	$1,110	+1.8%	$999–$1,221
1BR	$1,090	$1,180	+8.3%	$1,062–$1,298
2BR	$1,330	$1,420	+6.8%	$1,278–$1,562
3BR	$1,800	$1,950	+8.3%	$1,755–$2,145
4BR	$2,230	$2,370	+6.3%	$2,133–$2,607

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 33867
Fiscal year	Studio	1BR	2BR	3BR	4BR
FY 2027	$1,110	$1,180	$1,420	$1,950	$2,370
FY 2026	$1,090	$1,090	$1,330	$1,800	$2,230
FY 2025	$980	$990	$1,210	$1,630	$2,030
FY 2024	$1,000	$1,030	$1,220	$1,590	$1,970
FY 2023	$900	$930	$1,100	$1,450	$1,800

Two-bedroom rent in nearby Polk County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code	2 bedroom	vs. 33867
33853	$1,350	−4.9%
33854	$1,350	−4.9%
33855	$1,410	−0.7%
33856	$1,350	−4.9%
33858	$2,350	+65.5%
33859	$1,510	+6.3%
33860	$1,470	+3.5%
33863	$1,610	+13.4%
33867Current	$1,420	—
33868	$1,360	−4.2%
33877	$1,610	+13.4%
33880	$1,440	+1.4%

Questions about ZIP 33867 rents

How much will Section 8 pay for a two-bedroom in ZIP 33867?

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 $1,420 it would be $1,278 to $1,562. 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 33867 in?

ZIP 33867 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 33867 for FY 2027?

The two-bedroom FMR rose 6.8%, from $1,330 in FY 2026 to $1,420 in FY 2027. Since FY 2023 it has risen 29.1%.

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 rent River Ranch, FL fair market rent FL statewide rents What is SAFMR?Data sources