34133

ZIPSAFMR

Lee County, FL

ZIP Investment Score

095130300

BR	FMR	Eff. Rent	3Y CAGR
0 BR	$1,560	$1,420	5.5%
1 BR	$1,570	$1,570	5.7%
2 BR	$1,840	$1,870	3.1%
3 BR	$2,380	$2,450	2.7%
4 BR	$2,620	$2,810	1.6%
5 BR	$3,013	Not available	1.6%
6 BR	$3,465	Not available	1.6%
7 BR	$3,985	Not available	1.6%
8 BR	$4,582	Not available	1.6%

Purchase Price Calculator

Maximum purchase price

$215,965

Cost breakdown

+Likely effective rent$1,870

HUD FMR$1,840

Market rent$1,890

Est. payment standard (102%)Used$1,870

-Principal and interest-$1,092

Loan amount$172,772

Down payment$43,193

Rate6.50%

Term30 years

-Operating costs-$578

Property taxes-$216

Insurance-$175

Utilities$0

HOA$0

Management-$187

=Target cash flow+$200

Calculation mode

BedroomsCash-flow target

Down payment methodDown payment %

HOA / mo

Utilities methodUtilities amount

Management methodManagement % of rent

Hold period projections

Annual appreciation rate

3-year hold

+$29,996(69.4% ROI)

Projected value

$232,570

Return breakdown

Property appreciation+$16,606

Loan principal paid down+$6,190

Rental cash flow+$7,200

5-year hold

+$51,418(119.0% ROI)

Projected value

$244,344

Return breakdown

Property appreciation+$28,380

Loan principal paid down+$11,038

Rental cash flow+$12,000

10-year hold

+$110,791(256.5% ROI)

Projected value

$276,453

Return breakdown

Property appreciation+$60,488

Loan principal paid down+$26,303

Rental cash flow+$24,000

Public Housing Authority

Rolodex

Market Alignment

Studio

1.10ratio

FMR$1,560

Market$1,420

vs market+$140

FMR is near market; voucher and private rents are aligned.

1.10

1 BR

1.00ratio

FMR$1,570

Market$1,570

vs market+$0

FMR is near market; voucher and private rents are aligned.

1.00

2 BR

0.97ratio

FMR$1,840

Market$1,890

vs market-$50

FMR is near market; voucher and private rents are aligned.

0.97

3 BR

0.96ratio

FMR$2,380

Market$2,480

vs market-$100

FMR is near market; voucher and private rents are aligned.

0.96

4 BR

0.90ratio

FMR$2,620

Market$2,910

vs market-$290

FMR is near market; voucher and private rents are aligned.

0.90

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: --

ZIP 34133 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 34133 (Bonita Springs, FL) is $1,840 a month. That is down 6.1% from $1,960 in FY 2026. Bonita Springs 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, 34133 is tied for the 26th-highest two-bedroom rent (county range $1,770–$2,750). The median county two-bedroom FMR in Florida is $1,474, so ZIP 34133 is 25% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 34133
Bedrooms	FY 2026	FY 2027	Change	90–110% range
Studio	$1,630	$1,560	−4.3%	$1,404–$1,716
1BR	$1,640	$1,570	−4.3%	$1,413–$1,727
2BR	$1,960	$1,840	−6.1%	$1,656–$2,024
3BR	$2,560	$2,380	−7.0%	$2,142–$2,618
4BR	$2,830	$2,620	−7.4%	$2,358–$2,882

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 34133
Fiscal year	Studio	1BR	2BR	3BR	4BR
FY 2027	$1,560	$1,570	$1,840	$2,380	$2,620
FY 2026	$1,630	$1,640	$1,960	$2,560	$2,830
FY 2025	$1,480	$1,490	$1,840	$2,420	$2,690
FY 2024	$1,330	$1,330	$1,680	$2,200	$2,500
FY 2023	$1,130	$1,140	$1,450	$1,890	$2,160

Two-bedroom rent in nearby Lee County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code	2 bedroom	vs. 34133
33974	$1,950	+6.0%
33976	$2,010	+9.2%
33990	$1,880	+2.2%
33991	$2,200	+19.6%
33993	$2,340	+27.2%
33994	$1,840	0.0%
34110	$2,220	+20.7%
34119	$2,250	+22.3%
34133Current	$1,840	—
34134	$1,980	+7.6%
34135	$2,060	+12.0%
34136	$1,840	0.0%

Questions about ZIP 34133 rents

How much will Section 8 pay for a two-bedroom in ZIP 34133?

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 $1,840 it would be $1,656 to $2,024. 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 34133 in?

ZIP 34133 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 34133 for FY 2027?

The two-bedroom FMR fell 6.1%, from $1,960 in FY 2026 to $1,840 in FY 2027. Since FY 2023 it has risen 26.9%.

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 rent Bonita Springs, FL fair market rent FL statewide rents What is SAFMR?Data sources