Skip to main content
Loading page
Lee County/Lehigh Acres/33974

33974

ZIPSAFMR
Lee County, FL
Zillow

ZIP Investment Score

89Below average

095130300
BRFMR
Eff. Rent
0 BR$1,650$1,750
1 BR$1,660$1,610
2 BR$1,950$1,710
3 BR$2,520$1,910
4 BR$2,780$2,200
5 BR$3,197Not available
6 BR$3,677Not available
7 BR$4,228Not available
8 BR$4,862Not available

Purchase Price Calculator

Maximum purchase price
$192,189

Cost breakdown

+Likely effective rent$1,710
HUD FMR$1,950
Market rentUsed$1,710
Est. payment standard (92%)$1,790
-Principal and interest-$972
Loan amount$153,751
Down payment$38,438
Rate6.50%
Term30 years
-Operating costs-$538
Property taxes-$192
Insurance-$175
Utilities$0
HOA$0
Management-$171
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$27,486(71.5% ROI)
Projected value
$206,966
Return breakdown
Property appreciation+$14,778
Loan principal paid down+$5,509
Rental cash flow+$7,200
5-year hold
+$47,078(122.5% ROI)
Projected value
$217,444
Return breakdown
Property appreciation+$25,255
Loan principal paid down+$9,823
Rental cash flow+$12,000
10-year hold
+$101,236(263.4% ROI)
Projected value
$246,018
Return breakdown
Property appreciation+$53,829
Loan principal paid down+$23,407
Rental cash flow+$24,000

Public Housing Authority

Loading Public Housing Authority

Rolodex

Loading Rolodex

Market Alignment

Studio
0.91
1 BR
1.03
2 BR
1.14
3 BR
1.32
4 BR
1.26
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 33974 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 33974 (Lehigh Acres, FL) is $1,950 a month. That is down 7.1% from $2,100 in FY 2026. Lehigh Acres 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, 33974 has the 20th-highest two-bedroom rent (county range $1,770–$2,750). The median county two-bedroom FMR in Florida is $1,474, so ZIP 33974 is 32% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 33974
BedroomsFY 2027Change90–110% range
Studio$1,650−5.2%$1,485–$1,815
1BR$1,660−5.1%$1,494–$1,826
2BR$1,950−7.1%$1,755–$2,145
3BR$2,520−8.0%$2,268–$2,772
4BR$2,780−8.6%$2,502–$3,058

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 33974
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,650$1,660$1,950$2,520$2,780
FY 2026$1,740$1,750$2,100$2,740$3,040
FY 2025$1,590$1,600$1,980$2,600$2,890
FY 2024$1,220$1,220$1,540$2,020$2,290
FY 2023$1,050$1,050$1,340$1,750$1,990

Two-bedroom rent in nearby Lee County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 33974
33957$2,710+39.0%
33965$1,850−5.1%
33966$1,990+2.1%
33967$1,960+0.5%
33970$1,840−5.6%
33971$1,970+1.0%
33972$1,770−9.2%
33973$1,770−9.2%
33974Current$1,950—
33976$2,010+3.1%
33990$1,880−3.6%
33991$2,200+12.8%

Questions about ZIP 33974 rents

How much will Section 8 pay for a two-bedroom in ZIP 33974?

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 $1,950 it would be $1,755 to $2,145. 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 33974 in?

ZIP 33974 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 33974 for FY 2027?

The two-bedroom FMR fell 7.1%, from $2,100 in FY 2026 to $1,950 in FY 2027. Since FY 2023 it has risen 45.5%.

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