FMR is below market; voucher rent may lag private rents.
0.81
1 BR
1 BR
0.73ratio
FMR$1,210
Market$1,660
vs market-$450
FMR is below market; voucher rent may lag private rents.
0.73
2 BR
2 BR
0.88ratio
FMR$1,580
Market$1,790
vs market-$210
FMR is below market; voucher rent may lag private rents.
0.88
3 BR
3 BR
1.02ratio
FMR$2,140
Market$2,090
vs market+$50
FMR is near market; voucher and private rents are aligned.
1.02
4 BR
4 BR
1.11ratio
FMR$2,560
Market$2,300
vs market+$260
FMR is above market; underwrite to market rent.
1.11
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 33951 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 33951 (Punta Gorda, FL) is $1,580 a month. That is up 7.5% from $1,470 in FY 2026. Punta Gorda is in the Punta Gorda, 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 $1,575. Among 21 ZIP codes in Charlotte County, 33951 is tied for the 11th-highest two-bedroom rent (county range $1,330–$2,130). The median county two-bedroom FMR in Florida is $1,474, so ZIP 33951 is 7% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 33951
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,160
$1,100
−5.2%
$990–$1,210
1BR
$1,170
$1,210
+3.4%
$1,089–$1,331
2BR
$1,470
$1,580
+7.5%
$1,422–$1,738
3BR
$2,040
$2,140
+4.9%
$1,926–$2,354
4BR
$2,330
$2,560
+9.9%
$2,304–$2,816
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 33951
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,100
$1,210
$1,580
$2,140
$2,560
FY 2026
$1,160
$1,170
$1,470
$2,040
$2,330
FY 2025
$1,150
$1,160
$1,460
$2,050
$2,240
FY 2024
$1,090
$1,120
$1,380
$1,940
$2,310
FY 2023
$930
$1,020
$1,270
$1,800
$2,160
Two-bedroom rent in nearby Charlotte County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 33951?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,575, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,418 to $1,733 a month; under the ZIP-level Small Area FMR of $1,580 it would be $1,422 to $1,738. 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 33951 in?
ZIP 33951 is in the Punta Gorda, FL MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,575.
How much did fair market rent change in ZIP 33951 for FY 2027?
The two-bedroom FMR rose 7.5%, from $1,470 in FY 2026 to $1,580 in FY 2027. Since FY 2023 it has risen 24.4%.
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