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Collier County/Naples/34109

34109

ZIPSAFMR
Collier County, FL
Zillow

ZIP Investment Score

58Below average

095130300
BRFMR
Eff. Rent
0 BR$1,520$1,670
1 BR$2,000$2,200
2 BR$2,180$2,380
3 BR$2,770$3,050
4 BR$3,010$3,310
5 BR$3,461Not available
6 BR$3,981Not available
7 BR$4,578Not available
8 BR$5,265Not available

Purchase Price Calculator

Maximum purchase price
$291,751

Cost breakdown

+Likely effective rent$2,380
HUD FMR$2,180
Market rent$2,480
Est. payment standard (109%)Used$2,380
-Principal and interest-$1,475
Loan amount$233,400
Down payment$58,350
Rate6.50%
Term30 years
-Operating costs-$705
Property taxes-$292
Insurance-$175
Utilities$0
HOA$0
Management-$238
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$37,995(65.1% ROI)
Projected value
$314,183
Return breakdown
Property appreciation+$22,433
Loan principal paid down+$8,362
Rental cash flow+$7,200
5-year hold
+$65,250(111.8% ROI)
Projected value
$330,089
Return breakdown
Property appreciation+$38,338
Loan principal paid down+$14,912
Rental cash flow+$12,000
10-year hold
+$141,247(242.1% ROI)
Projected value
$373,465
Return breakdown
Property appreciation+$81,715
Loan principal paid down+$35,533
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.53
1 BR
0.68
2 BR
0.88
3 BR
0.57
4 BR
0.40
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 34109 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 34109 (Naples, FL) is $2,180 a month. That is up 3.8% from $2,100 in FY 2026. Naples is in the Naples-Marco Island, 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 $2,036. Among 27 ZIP codes in Collier County, 34109 has the 12th-highest two-bedroom rent (county range $1,790–$2,490). The median county two-bedroom FMR in Florida is $1,474, so ZIP 34109 is 48% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 34109
BedroomsFY 2027Change90–110% range
Studio$1,520+2.7%$1,368–$1,672
1BR$2,000+5.3%$1,800–$2,200
2BR$2,180+3.8%$1,962–$2,398
3BR$2,770+1.5%$2,493–$3,047
4BR$3,010+1.3%$2,709–$3,311

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 34109
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,520$2,000$2,180$2,770$3,010
FY 2026$1,480$1,900$2,100$2,730$2,970
FY 2025$1,460$1,710$1,990$2,620$2,850
FY 2024$1,420$1,600$1,910$2,550$2,680
FY 2023$1,410$1,600$1,960$2,610$2,700

Two-bedroom rent in nearby Collier County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 34109
34102$1,850−15.1%
34103$2,340+7.3%
34104$2,010−7.8%
34105$2,260+3.7%
34106$2,040−6.4%
34107$2,040−6.4%
34108$2,470+13.3%
34109Current$2,180—
34110$2,220+1.8%
34112$1,840−15.6%
34113$2,170−0.5%
34114$2,320+6.4%

Questions about ZIP 34109 rents

How much will Section 8 pay for a two-bedroom in ZIP 34109?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $2,036, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,832 to $2,240 a month; under the ZIP-level Small Area FMR of $2,180 it would be $1,962 to $2,398. 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 34109 in?

ZIP 34109 is in the Naples-Marco Island, FL MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $2,036.

How much did fair market rent change in ZIP 34109 for FY 2027?

The two-bedroom FMR rose 3.8%, from $2,100 in FY 2026 to $2,180 in FY 2027. Since FY 2023 it has risen 11.2%.

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