FMR is below market; voucher rent may lag private rents.
0.83
0.700.800.901.001.101.201.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
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Tax rate
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Mortgage rate
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ZIP 34268 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 34268 (Nocatee, FL) is $1,220 a month. That is down 9.6% from $1,350 in FY 2026. Nocatee is in the DeSoto 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 $1,089. Among 5 ZIP codes in DeSoto County, 34268 has the 5th-highest two-bedroom rent (county range $1,220–$1,350). The median county two-bedroom FMR in Florida is $1,474, so ZIP 34268 is 17% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 34268
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,180
$1,070
−9.3%
$963–$1,177
1BR
$1,180
$1,090
−7.6%
$981–$1,199
2BR
$1,350
$1,220
−9.6%
$1,098–$1,342
3BR
$1,850
$1,670
−9.7%
$1,503–$1,837
4BR
$2,080
$2,020
−2.9%
$1,818–$2,222
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 34268
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,070
$1,090
$1,220
$1,670
$2,020
FY 2026
$1,180
$1,180
$1,350
$1,850
$2,080
FY 2025
$940
$940
$1,100
$1,460
$1,460
FY 2024area FMR
$785
$800
$905
$1,201
$1,205
FY 2023area FMR
$716
$732
$827
$1,097
$1,111
Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.
Two-bedroom rent in nearby DeSoto County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 34268?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,089, which applies unless the housing authority uses Small Area FMRs, that basic range is $980 to $1,198 a month; under the ZIP-level Small Area FMR of $1,220 it would be $1,098 to $1,342. 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 34268 in?
ZIP 34268 is in the DeSoto County, FL non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,089.
How much did fair market rent change in ZIP 34268 for FY 2027?
The two-bedroom FMR fell 9.6%, from $1,350 in FY 2026 to $1,220 in FY 2027. Since FY 2025 it has risen 10.9%.
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