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Sarasota County/North Port/34288

34288

ZIPSAFMR
Sarasota County, FL
Zillow

ZIP Investment Score

78Below average

095130300
BRFMR
Eff. Rent
0 BR$2,170$1,650
1 BR$2,320$1,640
2 BR$2,710$1,750
3 BR$3,440$1,950
4 BR$4,100$2,330
5 BR$4,715Not available
6 BR$5,422Not available
7 BR$6,236Not available
8 BR$7,171Not available

Purchase Price Calculator

Maximum purchase price
$198,133

Cost breakdown

+Likely effective rent$1,750
HUD FMR$2,710
Market rentUsed$1,750
Est. payment standard (90%)$2,440
-Principal and interest-$1,002
Loan amount$158,506
Down payment$39,627
Rate6.50%
Term30 years
-Operating costs-$548
Property taxes-$198
Insurance-$175
Utilities$0
HOA$0
Management-$175
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$28,113(70.9% ROI)
Projected value
$213,367
Return breakdown
Property appreciation+$15,235
Loan principal paid down+$5,679
Rental cash flow+$7,200
5-year hold
+$48,163(121.5% ROI)
Projected value
$224,169
Return breakdown
Property appreciation+$26,036
Loan principal paid down+$10,127
Rental cash flow+$12,000
10-year hold
+$103,625(261.5% ROI)
Projected value
$253,627
Return breakdown
Property appreciation+$55,494
Loan principal paid down+$24,131
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.32
1 BR
1.41
2 BR
1.55
3 BR
1.76
4 BR
1.76
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 34288 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 34288 (North Port, FL) is $2,710 a month. That is up 18.3% from $2,290 in FY 2026. North Port 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, 34288 is tied for the 4th-highest two-bedroom rent (county range $1,350–$3,280). The median county two-bedroom FMR in Florida is $1,474, so ZIP 34288 is 84% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 34288
BedroomsFY 2027Change90–110% range
Studio$2,170+30.7%$1,953–$2,387
1BR$2,320+17.8%$2,088–$2,552
2BR$2,710+18.3%$2,439–$2,981
3BR$3,440+15.8%$3,096–$3,784
4BR$4,100+15.8%$3,690–$4,510

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 34288
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,170$2,320$2,710$3,440$4,100
FY 2026$1,660$1,970$2,290$2,970$3,540
FY 2025$1,380$1,720$2,010$2,640$3,160
FY 2024$1,330$1,620$1,960$2,610$3,100
FY 2023$1,150$1,380$1,720$2,280$2,710

Two-bedroom rent in nearby Sarasota County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 34288
34277$2,290−15.5%
34284$2,290−15.5%
34285$1,930−28.8%
34286$2,660−1.8%
34287$1,740−35.8%
34288Current$2,710—
34289$2,330−14.0%
34290$2,290−15.5%
34291$2,530−6.6%
34292$2,470−8.9%
34293$2,440−10.0%
34295$2,290−15.5%

Questions about ZIP 34288 rents

How much will Section 8 pay for a two-bedroom in ZIP 34288?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,710, that basic range is $2,439 to $2,981 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 34288 in?

ZIP 34288 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 34288 for FY 2027?

The two-bedroom FMR rose 18.3%, from $2,290 in FY 2026 to $2,710 in FY 2027. Since FY 2023 it has risen 57.6%.

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