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Charlotte County/North Port/34287

34287

ZIPSAFMR
Charlotte County, FL
Zillow

ZIP Investment Score

88Below average

095130300
BRFMR
Eff. Rent
0 BR$1,390$1,360
1 BR$1,490$1,510
2 BR$1,740$1,760
3 BR$2,210$1,970
4 BR$2,630$2,430
5 BR$3,024Not available
6 BR$3,478Not available
7 BR$4,000Not available
8 BR$4,600Not available

Purchase Price Calculator

Maximum purchase price
$199,619

Cost breakdown

+Likely effective rent$1,760
HUD FMR$1,740
Market rent$1,770
Est. payment standard (101%)Used$1,760
-Principal and interest-$1,009
Loan amount$159,695
Down payment$39,924
Rate6.50%
Term30 years
-Operating costs-$551
Property taxes-$200
Insurance-$175
Utilities$0
HOA$0
Management-$176
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$28,270(70.8% ROI)
Projected value
$214,968
Return breakdown
Property appreciation+$15,349
Loan principal paid down+$5,721
Rental cash flow+$7,200
5-year hold
+$48,434(121.3% ROI)
Projected value
$225,850
Return breakdown
Property appreciation+$26,232
Loan principal paid down+$10,203
Rental cash flow+$12,000
10-year hold
+$104,222(261.1% ROI)
Projected value
$255,529
Return breakdown
Property appreciation+$55,910
Loan principal paid down+$24,312
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.02
1 BR
0.98
2 BR
0.98
3 BR
1.12
4 BR
1.08
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 34287 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 34287 (North Port, FL) is $1,740 a month. That is up 6.7% from $1,630 in FY 2026. North Port is in the Punta Gorda, FL MSA, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. Among 21 ZIP codes in Charlotte County, 34287 has the 5th-highest two-bedroom rent (county range $1,330–$2,130). The median county two-bedroom FMR in Florida is $1,474, so ZIP 34287 is 18% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 34287
BedroomsFY 2027Change90–110% range
Studio$1,390+17.8%$1,251–$1,529
1BR$1,490+6.4%$1,341–$1,639
2BR$1,740+6.7%$1,566–$1,914
3BR$2,210+4.7%$1,989–$2,431
4BR$2,630+4.4%$2,367–$2,893

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 34287
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,390$1,490$1,740$2,210$2,630
FY 2026$1,180$1,400$1,630$2,110$2,520
FY 2025$1,100$1,380$1,610$2,110$2,530
FY 2024$1,110$1,360$1,640$2,180$2,600
FY 2023$980$1,180$1,470$1,950$2,320

Two-bedroom rent in nearby Charlotte County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 34287
33953$2,050+17.8%
33954$2,130+22.4%
33955$1,820+4.6%
33980$1,430−17.8%
33981$1,610−7.5%
33982$1,450−16.7%
33983$1,660−4.6%
34223$1,690−2.9%
34224$1,420−18.4%
34266$1,350−22.4%
34269$1,330−23.6%
34287Current$1,740—

Questions about ZIP 34287 rents

How much will Section 8 pay for a two-bedroom in ZIP 34287?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,740, that basic range is $1,566 to $1,914 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 34287 in?

ZIP 34287 is in the Punta Gorda, 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 34287 for FY 2027?

The two-bedroom FMR rose 6.7%, from $1,630 in FY 2026 to $1,740 in FY 2027. Since FY 2023 it has risen 18.4%.

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