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Hendry County/Immokalee/34142

34142

ZIPSAFMR
Hendry County, FL
Zillow

ZIP Investment Score

74Below average

095130300
BRFMR
Eff. Rent
0 BR$1,260$1,260
1 BR$1,620$1,620
2 BR$1,790$1,790
3 BR$2,330$2,330
4 BR$2,530$2,530
5 BR$2,910Not available
6 BR$3,346Not available
7 BR$3,848Not available
8 BR$4,425Not available

Purchase Price Calculator

Maximum purchase price
$204,077

Cost breakdown

+Likely effective rent$1,790
HUD FMRUsed$1,790
Market rentN/A
Est. payment standardN/A
-Principal and interest-$1,032
Loan amount$163,261
Down payment$40,815
Rate6.50%
Term30 years
-Operating costs-$558
Property taxes-$204
Insurance-$175
Utilities$0
HOA$0
Management-$179
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$28,741(70.4% ROI)
Projected value
$219,768
Return breakdown
Property appreciation+$15,692
Loan principal paid down+$5,849
Rental cash flow+$7,200
5-year hold
+$49,248(120.7% ROI)
Projected value
$230,894
Return breakdown
Property appreciation+$26,817
Loan principal paid down+$10,431
Rental cash flow+$12,000
10-year hold
+$106,013(259.7% ROI)
Projected value
$261,236
Return breakdown
Property appreciation+$57,159
Loan principal paid down+$24,855
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Not enough rental comps in this area to determine how FMR aligns with current market rates.

Historical
FY 2023-2027
FMR
FY2027
Property value
--
Tax rate
--
Mortgage rate
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ZIP 34142 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 34142 (Immokalee, FL) is $1,790 a month. That is up 6.5% from $1,680 in FY 2026. Immokalee is in the Hendry County, FL non-metropolitan FMR area. 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 county-wide two-bedroom FMR of $1,144. Among 7 ZIP codes in Hendry County, 34142 has the highest two-bedroom rent (county range $1,080–$1,790). The median county two-bedroom FMR in Florida is $1,474, so ZIP 34142 is 21% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 34142
BedroomsFY 2027Change90–110% range
Studio$1,260+2.4%$1,134–$1,386
1BR$1,620+12.5%$1,458–$1,782
2BR$1,790+6.5%$1,611–$1,969
3BR$2,330+5.4%$2,097–$2,563
4BR$2,530+5.4%$2,277–$2,783

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 34142
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,260$1,620$1,790$2,330$2,530
FY 2026$1,230$1,440$1,680$2,210$2,400
FY 2025$1,200$1,350$1,610$2,140$2,250
FY 2024$1,160$1,330$1,620$2,160$2,230
FY 2023$1,000$1,170$1,430$1,880$1,940

Two-bedroom rent in nearby Hendry County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 34142
33440$1,080−39.7%
33471$1,150−35.8%
33930$1,240−30.7%
33935$1,220−31.8%
33936$1,770−1.1%
33975$1,150−35.8%
34142Current$1,790—

Questions about ZIP 34142 rents

How much will Section 8 pay for a two-bedroom in ZIP 34142?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,144, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,030 to $1,258 a month; under the ZIP-level Small Area FMR of $1,790 it would be $1,611 to $1,969. 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 34142 in?

ZIP 34142 is in the Hendry County, FL non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,144.

How much did fair market rent change in ZIP 34142 for FY 2027?

The two-bedroom FMR rose 6.5%, from $1,680 in FY 2026 to $1,790 in FY 2027. Since FY 2023 it has risen 25.2%.

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