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Hernando County/Nobleton/34661

34661

ZIPSAFMR
Hernando County, FL
Zillow

ZIP Investment Score

85Below average

095130300
BRFMR
Eff. Rent
0 BR$1,100$1,100
1 BR$1,140$1,140
2 BR$1,330$1,330
3 BR$1,670$1,670
4 BR$2,020$2,020
5 BR$2,323Not available
6 BR$2,671Not available
7 BR$3,072Not available
8 BR$3,533Not available

Purchase Price Calculator

Maximum purchase price
$135,721

Cost breakdown

+Likely effective rent$1,330
HUD FMRUsed$1,330
Market rentN/A
Est. payment standardN/A
-Principal and interest-$686
Loan amount$108,577
Down payment$27,144
Rate6.50%
Term30 years
-Operating costs-$444
Property taxes-$136
Insurance-$175
Utilities$0
HOA$0
Management-$133
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$21,526(79.3% ROI)
Projected value
$146,157
Return breakdown
Property appreciation+$10,436
Loan principal paid down+$3,890
Rental cash flow+$7,200
5-year hold
+$36,772(135.5% ROI)
Projected value
$153,556
Return breakdown
Property appreciation+$17,835
Loan principal paid down+$6,937
Rental cash flow+$12,000
10-year hold
+$78,543(289.4% ROI)
Projected value
$173,734
Return breakdown
Property appreciation+$38,013
Loan principal paid down+$16,530
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Not enough rental comps in this area to determine how FMR aligns with current market rates.

Historical
FY 2023-2027
FMR
FY2027
Property value
--
Tax rate
--
Mortgage rate
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ZIP 34661 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 34661 (Nobleton, FL) is $1,330 a month. That is down 4.3% from $1,390 in FY 2026. Nobleton 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, 34661 has the 15th-highest two-bedroom rent (county range $1,020–$1,980). The median county two-bedroom FMR in Florida is $1,474, so ZIP 34661 is 10% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 34661
BedroomsFY 2027Change90–110% range
Studio$1,100−1.8%$990–$1,210
1BR$1,140−4.2%$1,026–$1,254
2BR$1,330−4.3%$1,197–$1,463
3BR$1,670−5.6%$1,503–$1,837
4BR$2,020−4.7%$1,818–$2,222

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 34661
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,100$1,140$1,330$1,670$2,020
FY 2026$1,120$1,190$1,390$1,770$2,120
FY 2025$1,100$1,160$1,420$1,800$2,170
FY 2024$990$1,030$1,280$1,620$1,870
FY 2023$860$900$1,120$1,440$1,650

Two-bedroom rent in nearby Hernando County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 34661
34604$1,510+13.5%
34605$1,570+18.0%
34606$1,530+15.0%
34607$1,620+21.8%
34608$1,580+18.8%
34609$1,980+48.9%
34610$1,710+28.6%
34611$1,570+18.0%
34613$1,460+9.8%
34614$1,400+5.3%
34636$1,570+18.0%
34661Current$1,330—

Questions about ZIP 34661 rents

How much will Section 8 pay for a two-bedroom in ZIP 34661?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,330, that basic range is $1,197 to $1,463 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 34661 in?

ZIP 34661 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 34661 for FY 2027?

The two-bedroom FMR fell 4.3%, from $1,390 in FY 2026 to $1,330 in FY 2027. Since FY 2023 it has risen 18.8%.

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