FMR is near market; voucher and private rents are aligned.
0.91
1 BR
1 BR
0.90ratio
FMR$1,780
Market$1,970
vs market-$190
FMR is near market; voucher and private rents are aligned.
0.90
2 BR
2 BR
0.71ratio
FMR$2,080
Market$2,940
vs market-$860
FMR is below market; voucher rent may lag private rents.
0.71
3 BR
3 BR
1.04ratio
FMR$2,640
Market$2,530
vs market+$110
FMR is near market; voucher and private rents are aligned.
1.04
4 BR
4 BR
0.95ratio
FMR$3,150
Market$3,310
vs market-$160
FMR is near market; voucher and private rents are aligned.
0.95
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 34204 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 34204 (Bradenton, FL) is $2,080 a month. That is up 12.4% from $1,850 in FY 2026. Bradenton is in the North Port-Bradenton-Sarasota, FL MSA, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. Among 31 ZIP codes in Manatee County, 34204 is tied for the 14th-highest two-bedroom rent (county range $1,350–$3,280). The median county two-bedroom FMR in Florida is $1,474, so ZIP 34204 is 41% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 34204
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,340
$1,660
+23.9%
$1,494–$1,826
1BR
$1,590
$1,780
+11.9%
$1,602–$1,958
2BR
$1,850
$2,080
+12.4%
$1,872–$2,288
3BR
$2,400
$2,640
+10.0%
$2,376–$2,904
4BR
$2,860
$3,150
+10.1%
$2,835–$3,465
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 34204
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,660
$1,780
$2,080
$2,640
$3,150
FY 2026
$1,340
$1,590
$1,850
$2,400
$2,860
FY 2025
$1,200
$1,500
$1,750
$2,300
$2,750
FY 2024
$1,170
$1,420
$1,720
$2,290
$2,720
FY 2023
$1,020
$1,220
$1,520
$2,020
$2,400
Two-bedroom rent in nearby Manatee County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 34204?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,080, that basic range is $1,872 to $2,288 a month. 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 34204 in?
ZIP 34204 is in the North Port-Bradenton-Sarasota, FL MSA. HUD requires Small Area FMRs in this area, so payment standards are set by ZIP code.
How much did fair market rent change in ZIP 34204 for FY 2027?
The two-bedroom FMR rose 12.4%, from $1,850 in FY 2026 to $2,080 in FY 2027. Since FY 2023 it has risen 36.8%.
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