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Pasco County/New Port Richey/34653

34653

ZIPSAFMR
Pasco County, FL
Zillow

ZIP Investment Score

104Above average

095130300
BRFMR
Eff. Rent
0 BR$1,280$1,250
1 BR$1,320$1,350
2 BR$1,540$1,610
3 BR$1,970$2,020
4 BR$2,390$2,370
5 BR$2,749Not available
6 BR$3,161Not available
7 BR$3,635Not available
8 BR$4,180Not available

Purchase Price Calculator

Maximum purchase price
$177,329

Cost breakdown

+Likely effective rent$1,610
HUD FMR$1,540
Market rent$1,640
Est. payment standard (104%)Used$1,610
-Principal and interest-$897
Loan amount$141,863
Down payment$35,466
Rate6.50%
Term30 years
-Operating costs-$513
Property taxes-$177
Insurance-$175
Utilities$0
HOA$0
Management-$161
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$25,918(73.1% ROI)
Projected value
$190,964
Return breakdown
Property appreciation+$13,635
Loan principal paid down+$5,083
Rental cash flow+$7,200
5-year hold
+$44,366(125.1% ROI)
Projected value
$200,631
Return breakdown
Property appreciation+$23,302
Loan principal paid down+$9,064
Rental cash flow+$12,000
10-year hold
+$95,264(268.6% ROI)
Projected value
$226,996
Return breakdown
Property appreciation+$49,667
Loan principal paid down+$21,597
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.02
1 BR
0.97
2 BR
0.94
3 BR
0.97
4 BR
1.01
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 34653 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 34653 (New Port Richey, FL) is $1,540 a month. That is down 7.8% from $1,670 in FY 2026. New Port Richey 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 45 ZIP codes in Pasco County, 34653 is tied for the 35th-highest two-bedroom rent (county range $1,020–$2,780). The median county two-bedroom FMR in Florida is $1,474, so ZIP 34653 is 4% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 34653
BedroomsFY 2027Change90–110% range
Studio$1,280−5.2%$1,152–$1,408
1BR$1,320−7.7%$1,188–$1,452
2BR$1,540−7.8%$1,386–$1,694
3BR$1,970−7.5%$1,773–$2,167
4BR$2,390−8.1%$2,151–$2,629

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 34653
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,280$1,320$1,540$1,970$2,390
FY 2026$1,350$1,430$1,670$2,130$2,600
FY 2025$1,310$1,410$1,660$2,130$2,590
FY 2024$1,210$1,310$1,550$1,980$2,420
FY 2023$1,110$1,190$1,430$1,830$2,240

Two-bedroom rent in nearby Pasco County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 34653
34637$2,170+40.9%
34638$2,780+80.5%
34639$2,410+56.5%
34652$1,530−0.6%
34653Current$1,540—
34654$1,930+25.3%
34655$2,130+38.3%
34656$1,770+14.9%
34667$1,5400.0%
34668$1,690+9.7%
34669$1,660+7.8%
34673$1,770+14.9%

Questions about ZIP 34653 rents

How much will Section 8 pay for a two-bedroom in ZIP 34653?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,540, that basic range is $1,386 to $1,694 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 34653 in?

ZIP 34653 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 34653 for FY 2027?

The two-bedroom FMR fell 7.8%, from $1,670 in FY 2026 to $1,540 in FY 2027. Since FY 2023 it has risen 7.7%.

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