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Lee County/Bonita Springs/34134

34134

ZIPSAFMR
Lee County, FL
Zillow

ZIP Investment Score

42Below average

095130300
BRFMR
Eff. Rent
0 BR$1,640$1,800
1 BR$1,700$1,870
2 BR$1,980$2,180
3 BR$2,550$2,810
4 BR$2,810$3,090
5 BR$3,231Not available
6 BR$3,716Not available
7 BR$4,274Not available
8 BR$4,915Not available

Purchase Price Calculator

Maximum purchase price
$262,031

Cost breakdown

+Likely effective rent$2,180
HUD FMR$1,980
Market rent$2,980
Est. payment standard (110%)Used$2,180
-Principal and interest-$1,325
Loan amount$209,624
Down payment$52,406
Rate6.50%
Term30 years
-Operating costs-$655
Property taxes-$262
Insurance-$175
Utilities$0
HOA$0
Management-$218
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$34,858(66.5% ROI)
Projected value
$282,178
Return breakdown
Property appreciation+$20,148
Loan principal paid down+$7,510
Rental cash flow+$7,200
5-year hold
+$59,826(114.2% ROI)
Projected value
$296,464
Return breakdown
Property appreciation+$34,433
Loan principal paid down+$13,393
Rental cash flow+$12,000
10-year hold
+$129,304(246.7% ROI)
Projected value
$335,421
Return breakdown
Property appreciation+$73,391
Loan principal paid down+$31,913
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.82
1 BR
0.70
2 BR
0.66
3 BR
0.55
4 BR
0.39
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 34134 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 34134 (Bonita Springs, FL) is $1,980 a month. That is down 7.9% from $2,150 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, 34134 has the 16th-highest two-bedroom rent (county range $1,770–$2,750). The median county two-bedroom FMR in Florida is $1,474, so ZIP 34134 is 34% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 34134
BedroomsFY 2027Change90–110% range
Studio$1,640−6.8%$1,476–$1,804
1BR$1,700−6.1%$1,530–$1,870
2BR$1,980−7.9%$1,782–$2,178
3BR$2,550−9.3%$2,295–$2,805
4BR$2,810−9.6%$2,529–$3,091

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 34134
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,640$1,700$1,980$2,550$2,810
FY 2026$1,760$1,810$2,150$2,810$3,110
FY 2025$1,630$1,660$2,040$2,690$2,980
FY 2024$1,430$1,440$1,810$2,380$2,680
FY 2023$1,210$1,240$1,560$2,050$2,310

Two-bedroom rent in nearby Lee County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 34134
33974$1,950−1.5%
33976$2,010+1.5%
33990$1,880−5.1%
33991$2,200+11.1%
33993$2,340+18.2%
33994$1,840−7.1%
34110$2,220+12.1%
34119$2,250+13.6%
34133$1,840−7.1%
34134Current$1,980—
34135$2,060+4.0%
34136$1,840−7.1%

Questions about ZIP 34134 rents

How much will Section 8 pay for a two-bedroom in ZIP 34134?

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 $1,980 it would be $1,782 to $2,178. 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 34134 in?

ZIP 34134 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 34134 for FY 2027?

The two-bedroom FMR fell 7.9%, from $2,150 in FY 2026 to $1,980 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 rentBonita Springs, FL fair market rentFL statewide rentsWhat is SAFMR?Data sources