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Citrus County/Inverness/34453

34453

ZIPSAFMR
Citrus County, FL
Zillow

ZIP Investment Score

88Below average

095130300
BRFMR
Eff. Rent
0 BR$920$1,010
1 BR$930$1,020
2 BR$1,120$1,230
3 BR$1,550$1,710
4 BR$1,870$2,060
5 BR$2,151Not available
6 BR$2,473Not available
7 BR$2,844Not available
8 BR$3,271Not available

Purchase Price Calculator

Maximum purchase price
$120,861

Cost breakdown

+Likely effective rent$1,230
HUD FMR$1,120
Market rent$1,540
Est. payment standard (110%)Used$1,230
-Principal and interest-$611
Loan amount$96,689
Down payment$24,172
Rate6.50%
Term30 years
-Operating costs-$419
Property taxes-$121
Insurance-$175
Utilities$0
HOA$0
Management-$123
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$19,957(82.6% ROI)
Projected value
$130,154
Return breakdown
Property appreciation+$9,293
Loan principal paid down+$3,464
Rental cash flow+$7,200
5-year hold
+$34,060(140.9% ROI)
Projected value
$136,743
Return breakdown
Property appreciation+$15,882
Loan principal paid down+$6,177
Rental cash flow+$12,000
10-year hold
+$72,571(300.2% ROI)
Projected value
$154,712
Return breakdown
Property appreciation+$33,851
Loan principal paid down+$14,720
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.71
1 BR
0.67
2 BR
0.73
3 BR
0.85
4 BR
0.81
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 34453 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 34453 (Inverness, FL) is $1,120 a month. That is down 5.9% from $1,190 in FY 2026. Inverness 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, 34453 has the 18th-highest two-bedroom rent (county range $1,110–$1,460). The median county two-bedroom FMR in Florida is $1,474, so ZIP 34453 is 24% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 34453
BedroomsFY 2027Change90–110% range
Studio$920−3.2%$828–$1,012
1BR$930−3.1%$837–$1,023
2BR$1,120−5.9%$1,008–$1,232
3BR$1,550−6.6%$1,395–$1,705
4BR$1,870−4.6%$1,683–$2,057

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 34453
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$920$930$1,120$1,550$1,870
FY 2026$950$960$1,190$1,660$1,960
FY 2025$920$930$1,170$1,640$1,960
FY 2024$840$840$1,100$1,530$1,870
FY 2023$740$750$990$1,370$1,690

Two-bedroom rent in nearby Citrus County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 34453
34442$1,110−0.9%
34445$1,350+20.5%
34446$1,180+5.4%
34447$1,190+6.3%
34448$1,110−0.9%
34449$1,110−0.9%
34450$1,130+0.9%
34451$1,190+6.3%
34452$1,260+12.5%
34453Current$1,120—
34460$1,190+6.3%
34461$1,310+17.0%

Questions about ZIP 34453 rents

How much will Section 8 pay for a two-bedroom in ZIP 34453?

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 $1,120 it would be $1,008 to $1,232. 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 34453 in?

ZIP 34453 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 34453 for FY 2027?

The two-bedroom FMR fell 5.9%, from $1,190 in FY 2026 to $1,120 in FY 2027. Since FY 2023 it has risen 13.1%.

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