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Manatee County/Palmetto/34221

34221

ZIPSAFMR
Manatee County, FL
Zillow

ZIP Investment Score

82Below average

095130300
BRFMR
Eff. Rent
0 BR$1,640$1,800
1 BR$1,760$1,890
2 BR$2,050$2,030
3 BR$2,600$2,150
4 BR$3,100$2,460
5 BR$3,565Not available
6 BR$4,100Not available
7 BR$4,715Not available
8 BR$5,422Not available

Purchase Price Calculator

Maximum purchase price
$239,741

Cost breakdown

+Likely effective rent$2,030
HUD FMR$2,050
Market rentUsed$2,030
Est. payment standard (99%)$2,040
-Principal and interest-$1,212
Loan amount$191,793
Down payment$47,948
Rate6.50%
Term30 years
-Operating costs-$618
Property taxes-$240
Insurance-$175
Utilities$0
HOA$0
Management-$203
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$32,505(67.8% ROI)
Projected value
$258,174
Return breakdown
Property appreciation+$18,434
Loan principal paid down+$6,871
Rental cash flow+$7,200
5-year hold
+$55,758(116.3% ROI)
Projected value
$271,245
Return breakdown
Property appreciation+$31,504
Loan principal paid down+$12,254
Rental cash flow+$12,000
10-year hold
+$120,346(251.0% ROI)
Projected value
$306,888
Return breakdown
Property appreciation+$67,148
Loan principal paid down+$29,198
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.86
1 BR
0.90
2 BR
1.01
3 BR
1.21
4 BR
1.26
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 34221 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 34221 (Palmetto, FL) is $2,050 a month. That is up 12.6% from $1,820 in FY 2026. Palmetto 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, 34221 is tied for the 22nd-highest two-bedroom rent (county range $1,350–$3,280). The median county two-bedroom FMR in Florida is $1,474, so ZIP 34221 is 39% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 34221
BedroomsFY 2027Change90–110% range
Studio$1,640+24.2%$1,476–$1,804
1BR$1,760+12.1%$1,584–$1,936
2BR$2,050+12.6%$1,845–$2,255
3BR$2,600+10.2%$2,340–$2,860
4BR$3,100+10.3%$2,790–$3,410

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 34221
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,640$1,760$2,050$2,600$3,100
FY 2026$1,320$1,570$1,820$2,360$2,810
FY 2025$1,190$1,480$1,730$2,270$2,720
FY 2024$1,150$1,410$1,700$2,260$2,690
FY 2023$1,020$1,220$1,520$2,020$2,400

Two-bedroom rent in nearby Manatee County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 34221
34209$2,370+15.6%
34210$2,000−2.4%
34211$2,720+32.7%
34212$2,540+23.9%
34215$2,150+4.9%
34216$2,240+9.3%
34217$2,240+9.3%
34219$2,520+22.9%
34220$2,080+1.5%
34221Current$2,050—
34222$1,940−5.4%
34228$3,280+60.0%

Questions about ZIP 34221 rents

How much will Section 8 pay for a two-bedroom in ZIP 34221?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,050, that basic range is $1,845 to $2,255 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 34221 in?

ZIP 34221 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 34221 for FY 2027?

The two-bedroom FMR rose 12.6%, from $1,820 in FY 2026 to $2,050 in FY 2027. Since FY 2023 it has risen 34.9%.

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