FMR is near market; voucher and private rents are aligned.
1.09
2 BR
2 BR
1.05ratio
FMR$1,570
Market$1,490
vs market+$80
FMR is near market; voucher and private rents are aligned.
1.05
3 BR
3 BR
1.05ratio
FMR$2,010
Market$1,910
vs market+$100
FMR is near market; voucher and private rents are aligned.
1.05
4 BR
4 BR
1.07ratio
FMR$2,440
Market$2,290
vs market+$150
FMR is near market; voucher and private rents are aligned.
1.07
0.700.800.901.001.101.201.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
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ZIP 34611 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 34611 (Spring Hill, FL) is $1,570 a month. That is down 4.8% from $1,650 in FY 2026. Spring Hill is in the Tampa-St. Petersburg-Clearwater, FL MSA, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. Among 18 ZIP codes in Hernando County, 34611 is tied for the 6th-highest two-bedroom rent (county range $1,020–$1,980). The median county two-bedroom FMR in Florida is $1,474, so ZIP 34611 is 7% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 34611
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,330
$1,310
−1.5%
$1,179–$1,441
1BR
$1,420
$1,350
−4.9%
$1,215–$1,485
2BR
$1,650
$1,570
−4.8%
$1,413–$1,727
3BR
$2,110
$2,010
−4.7%
$1,809–$2,211
4BR
$2,570
$2,440
−5.1%
$2,196–$2,684
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 34611
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,310
$1,350
$1,570
$2,010
$2,440
FY 2026
$1,330
$1,420
$1,650
$2,110
$2,570
FY 2025
$1,340
$1,440
$1,690
$2,160
$2,630
FY 2024
$1,250
$1,350
$1,600
$2,050
$2,500
FY 2023
$1,130
$1,210
$1,450
$1,860
$2,270
Two-bedroom rent in nearby Hernando County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 34611?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,570, that basic range is $1,413 to $1,727 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 34611 in?
ZIP 34611 is in the Tampa-St. Petersburg-Clearwater, 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 34611 for FY 2027?
The two-bedroom FMR fell 4.8%, from $1,650 in FY 2026 to $1,570 in FY 2027. Since FY 2023 it has risen 8.3%.
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