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Citrus County/Crystal River/34429

34429

ZIPSAFMR
Citrus County, FL
Zillow

ZIP Investment Score

85Below average

095130300
BRFMR
Eff. Rent
0 BR$990$1,090
1 BR$990$1,090
2 BR$1,200$1,320
3 BR$1,660$1,830
4 BR$2,000$2,200
5 BR$2,300Not available
6 BR$2,645Not available
7 BR$3,042Not available
8 BR$3,498Not available

Purchase Price Calculator

Maximum purchase price
$134,235

Cost breakdown

+Likely effective rent$1,320
HUD FMR$1,200
Market rent$2,250
Est. payment standard (110%)Used$1,320
-Principal and interest-$679
Loan amount$107,388
Down payment$26,847
Rate6.50%
Term30 years
-Operating costs-$441
Property taxes-$134
Insurance-$175
Utilities$0
HOA$0
Management-$132
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$21,369(79.6% ROI)
Projected value
$144,556
Return breakdown
Property appreciation+$10,321
Loan principal paid down+$3,847
Rental cash flow+$7,200
5-year hold
+$36,501(136.0% ROI)
Projected value
$151,875
Return breakdown
Property appreciation+$17,640
Loan principal paid down+$6,861
Rental cash flow+$12,000
10-year hold
+$77,946(290.3% ROI)
Projected value
$171,832
Return breakdown
Property appreciation+$37,597
Loan principal paid down+$16,349
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.58
1 BR
0.54
2 BR
0.53
3 BR
0.59
4 BR
0.74
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 34429 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 34429 (Crystal River, FL) is $1,200 a month. That is down 3.2% from $1,240 in FY 2026. Crystal River is in the Homosassa Springs, FL MSA. 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 metro-wide two-bedroom FMR of $1,194. Among 23 ZIP codes in Citrus County, 34429 has the 8th-highest two-bedroom rent (county range $1,110–$1,460). The median county two-bedroom FMR in Florida is $1,474, so ZIP 34429 is 19% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 34429
BedroomsFY 2027Change90–110% range
Studio$9900.0%$891–$1,089
1BR$990−1.0%$891–$1,089
2BR$1,200−3.2%$1,080–$1,320
3BR$1,660−3.5%$1,494–$1,826
4BR$2,000−2.0%$1,800–$2,200

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 34429
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$990$990$1,200$1,660$2,000
FY 2026$990$1,000$1,240$1,720$2,040
FY 2025$960$970$1,220$1,710$2,050
FY 2024$910$920$1,200$1,670$2,040
FY 2023$810$820$1,080$1,490$1,840

Two-bedroom rent in nearby Citrus County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 34429
34423$1,190−0.8%
34428$1,110−7.5%
34429Current$1,200—
34433$1,460+21.7%
34434$1,400+16.7%
34436$1,110−7.5%
34441$1,190−0.8%
34442$1,110−7.5%
34445$1,350+12.5%
34446$1,180−1.7%
34447$1,190−0.8%
34448$1,110−7.5%

Questions about ZIP 34429 rents

How much will Section 8 pay for a two-bedroom in ZIP 34429?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,194, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,075 to $1,313 a month; under the ZIP-level Small Area FMR of $1,200 it would be $1,080 to $1,320. 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 34429 in?

ZIP 34429 is in the Homosassa Springs, FL MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,194.

How much did fair market rent change in ZIP 34429 for FY 2027?

The two-bedroom FMR fell 3.2%, from $1,240 in FY 2026 to $1,200 in FY 2027. Since FY 2023 it has risen 11.1%.

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