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Sarasota County/Sarasota/34231

34231

ZIPSAFMR
Sarasota County, FL
Zillow

ZIP Investment Score

85Below average

095130300
BRFMR
Eff. Rent
0 BR$1,810$1,460
1 BR$1,940$1,560
2 BR$2,260$2,330
3 BR$2,870$2,870
4 BR$3,420$3,330
5 BR$3,933Not available
6 BR$4,523Not available
7 BR$5,201Not available
8 BR$5,982Not available

Purchase Price Calculator

Maximum purchase price
$284,321

Cost breakdown

+Likely effective rent$2,330
HUD FMR$2,260
Market rent$2,360
Est. payment standard (103%)Used$2,330
-Principal and interest-$1,438
Loan amount$227,456
Down payment$56,864
Rate6.50%
Term30 years
-Operating costs-$692
Property taxes-$284
Insurance-$175
Utilities$0
HOA$0
Management-$233
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$37,211(65.4% ROI)
Projected value
$306,182
Return breakdown
Property appreciation+$21,862
Loan principal paid down+$8,149
Rental cash flow+$7,200
5-year hold
+$63,894(112.4% ROI)
Projected value
$321,683
Return breakdown
Property appreciation+$37,362
Loan principal paid down+$14,532
Rental cash flow+$12,000
10-year hold
+$138,261(243.1% ROI)
Projected value
$363,954
Return breakdown
Property appreciation+$79,634
Loan principal paid down+$34,628
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.24
1 BR
1.24
2 BR
0.96
3 BR
1.00
4 BR
1.03
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 34231 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 34231 (Sarasota, FL) is $2,260 a month. That is up 10.2% from $2,050 in FY 2026. Sarasota 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 37 ZIP codes in Sarasota County, 34231 has the 28th-highest two-bedroom rent (county range $1,350–$3,280). The median county two-bedroom FMR in Florida is $1,474, so ZIP 34231 is 53% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 34231
BedroomsFY 2027Change90–110% range
Studio$1,810+22.3%$1,629–$1,991
1BR$1,940+10.2%$1,746–$2,134
2BR$2,260+10.2%$2,034–$2,486
3BR$2,870+7.9%$2,583–$3,157
4BR$3,420+7.9%$3,078–$3,762

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 34231
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,810$1,940$2,260$2,870$3,420
FY 2026$1,480$1,760$2,050$2,660$3,170
FY 2025$1,300$1,630$1,900$2,500$2,990
FY 2024$1,250$1,530$1,850$2,460$2,930
FY 2023$1,080$1,290$1,610$2,130$2,540

Two-bedroom rent in nearby Sarasota County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 34231
34224$1,420−37.2%
34228$3,280+45.1%
34229$2,380+5.3%
34230$2,290+1.3%
34231Current$2,260—
34232$2,410+6.6%
34233$2,430+7.5%
34234$1,900−15.9%
34235$2,280+0.9%
34236$2,710+19.9%
34237$2,090−7.5%
34238$2,480+9.7%

Questions about ZIP 34231 rents

How much will Section 8 pay for a two-bedroom in ZIP 34231?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,260, that basic range is $2,034 to $2,486 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 34231 in?

ZIP 34231 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 34231 for FY 2027?

The two-bedroom FMR rose 10.2%, from $2,050 in FY 2026 to $2,260 in FY 2027. Since FY 2023 it has risen 40.4%.

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