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Polk County/Polk City/33868

33868

ZIPSAFMR
Polk County, FL
Zillow

ZIP Investment Score

93Below average

095130300
BRFMR
Eff. Rent
0 BR$1,110$1,220
1 BR$1,130$1,240
2 BR$1,360$1,500
3 BR$1,870$1,960
4 BR$2,270$2,250
5 BR$2,611Not available
6 BR$3,002Not available
7 BR$3,452Not available
8 BR$3,970Not available

Purchase Price Calculator

Maximum purchase price
$160,983

Cost breakdown

+Likely effective rent$1,500
HUD FMR$1,360
Market rent$1,610
Est. payment standard (110%)Used$1,500
-Principal and interest-$814
Loan amount$128,786
Down payment$32,197
Rate6.50%
Term30 years
-Operating costs-$486
Property taxes-$161
Insurance-$175
Utilities$0
HOA$0
Management-$150
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$24,192(75.1% ROI)
Projected value
$173,361
Return breakdown
Property appreciation+$12,378
Loan principal paid down+$4,614
Rental cash flow+$7,200
5-year hold
+$41,383(128.5% ROI)
Projected value
$182,137
Return breakdown
Property appreciation+$21,154
Loan principal paid down+$8,228
Rental cash flow+$12,000
10-year hold
+$88,695(275.5% ROI)
Projected value
$206,072
Return breakdown
Property appreciation+$45,089
Loan principal paid down+$19,606
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.73
1 BR
0.76
2 BR
0.84
3 BR
0.93
4 BR
1.01
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 33868 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 33868 (Polk City, FL) is $1,360 a month. That is up 6.3% from $1,280 in FY 2026. Polk City 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, 33868 has the 46th-highest two-bedroom rent (county range $1,350–$2,800). The median county two-bedroom FMR in Florida is $1,474, so ZIP 33868 is 8% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 33868
BedroomsFY 2027Change90–110% range
Studio$1,110+5.7%$999–$1,221
1BR$1,130+7.6%$1,017–$1,243
2BR$1,360+6.3%$1,224–$1,496
3BR$1,870+8.1%$1,683–$2,057
4BR$2,270+5.6%$2,043–$2,497

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 33868
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,110$1,130$1,360$1,870$2,270
FY 2026$1,050$1,050$1,280$1,730$2,150
FY 2025$960$960$1,180$1,590$1,980
FY 2024$890$900$1,110$1,490$1,880
FY 2023$840$840$1,040$1,410$1,770

Two-bedroom rent in nearby Polk County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 33868
33854$1,350−0.7%
33855$1,410+3.7%
33856$1,350−0.7%
33858$2,350+72.8%
33859$1,510+11.0%
33860$1,470+8.1%
33863$1,610+18.4%
33867$1,420+4.4%
33868Current$1,360—
33877$1,610+18.4%
33880$1,440+5.9%
33881$1,430+5.1%

Questions about ZIP 33868 rents

How much will Section 8 pay for a two-bedroom in ZIP 33868?

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 $1,360 it would be $1,224 to $1,496. 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 33868 in?

ZIP 33868 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 33868 for FY 2027?

The two-bedroom FMR rose 6.3%, from $1,280 in FY 2026 to $1,360 in FY 2027. Since FY 2023 it has risen 30.8%.

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