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Lee County/Sanibel/33957

33957

ZIPSAFMR
Lee County, FL
Zillow

ZIP Investment Score

43Below average

095130300
BRFMR
Eff. Rent
0 BR$2,300$2,530
1 BR$2,310$2,540
2 BR$2,710$2,980
3 BR$3,510$3,860
4 BR$3,870$4,260
5 BR$4,451Not available
6 BR$5,118Not available
7 BR$5,886Not available
8 BR$6,769Not available

Purchase Price Calculator

Maximum purchase price
$380,910

Cost breakdown

+Likely effective rent$2,980
HUD FMR$2,710
Market rent$4,260
Est. payment standard (110%)Used$2,980
-Principal and interest-$1,926
Loan amount$304,728
Down payment$76,182
Rate6.50%
Term30 years
-Operating costs-$854
Property taxes-$381
Insurance-$175
Utilities$0
HOA$0
Management-$298
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$47,406(62.2% ROI)
Projected value
$410,199
Return breakdown
Property appreciation+$29,288
Loan principal paid down+$10,918
Rental cash flow+$7,200
5-year hold
+$81,524(107.0% ROI)
Projected value
$430,965
Return breakdown
Property appreciation+$50,055
Loan principal paid down+$19,469
Rental cash flow+$12,000
10-year hold
+$177,079(232.4% ROI)
Projected value
$487,597
Return breakdown
Property appreciation+$106,687
Loan principal paid down+$46,391
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.50
1 BR
0.62
2 BR
0.64
3 BR
0.66
4 BR
0.60
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 33957 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 33957 (Sanibel, FL) is $2,710 a month. That is down 6.6% from $2,900 in FY 2026. Sanibel is in the Cape Coral-Fort Myers, 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 $1,835. Among 50 ZIP codes in Lee County, 33957 has the 2nd-highest two-bedroom rent (county range $1,770–$2,750). The median county two-bedroom FMR in Florida is $1,474, so ZIP 33957 is 84% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 33957
BedroomsFY 2027Change90–110% range
Studio$2,300−4.6%$2,070–$2,530
1BR$2,310−4.9%$2,079–$2,541
2BR$2,710−6.6%$2,439–$2,981
3BR$3,510−7.4%$3,159–$3,861
4BR$3,870−7.9%$3,483–$4,257

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 33957
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,300$2,310$2,710$3,510$3,870
FY 2026$2,410$2,430$2,900$3,790$4,200
FY 2025$2,050$2,060$2,550$3,360$3,730
FY 2024$1,360$1,370$1,740$2,270$2,590
FY 2023$1,510$1,520$1,930$2,520$2,870

Two-bedroom rent in nearby Lee County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 33957
33945$1,840−32.1%
33955$1,820−32.8%
33956$2,750+1.5%
33957Current$2,710—
33965$1,850−31.7%
33966$1,990−26.6%
33967$1,960−27.7%
33970$1,840−32.1%
33971$1,970−27.3%
33972$1,770−34.7%
33973$1,770−34.7%
33974$1,950−28.0%

Questions about ZIP 33957 rents

How much will Section 8 pay for a two-bedroom in ZIP 33957?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,835, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,652 to $2,019 a month; under the ZIP-level Small Area FMR of $2,710 it would be $2,439 to $2,981. 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 33957 in?

ZIP 33957 is in the Cape Coral-Fort Myers, FL MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,835.

How much did fair market rent change in ZIP 33957 for FY 2027?

The two-bedroom FMR fell 6.6%, from $2,900 in FY 2026 to $2,710 in FY 2027. Since FY 2023 it has risen 40.4%.

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

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