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Pasco County/Port Richey/34668

34668

ZIPSAFMR
Pasco County, FL
Zillow

ZIP Investment Score

111Above average

095130300
BRFMR
Eff. Rent
0 BR$1,410$1,410
1 BR$1,450$1,480
2 BR$1,690$1,610
3 BR$2,160$1,900
4 BR$2,620$2,080
5 BR$3,013Not available
6 BR$3,465Not available
7 BR$3,985Not available
8 BR$4,582Not available

Purchase Price Calculator

Maximum purchase price
$177,329

Cost breakdown

+Likely effective rent$1,610
HUD FMR$1,690
Market rentUsed$1,610
Est. payment standard (97%)$1,640
-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
1.00
1 BR
0.97
2 BR
1.05
3 BR
1.14
4 BR
1.26
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 34668 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 34668 (Port Richey, FL) is $1,690 a month. That is down 6.6% from $1,810 in FY 2026. 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, 34668 has the 27th-highest two-bedroom rent (county range $1,020–$2,780). The median county two-bedroom FMR in Florida is $1,474, so ZIP 34668 is 15% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 34668
BedroomsFY 2027Change90–110% range
Studio$1,410−3.4%$1,269–$1,551
1BR$1,450−6.5%$1,305–$1,595
2BR$1,690−6.6%$1,521–$1,859
3BR$2,160−6.5%$1,944–$2,376
4BR$2,620−7.1%$2,358–$2,882

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 34668
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,410$1,450$1,690$2,160$2,620
FY 2026$1,460$1,550$1,810$2,310$2,820
FY 2025$1,430$1,540$1,810$2,320$2,820
FY 2024$1,320$1,420$1,680$2,150$2,620
FY 2023$1,170$1,260$1,510$1,930$2,370

Two-bedroom rent in nearby Pasco County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 34668
34652$1,530−9.5%
34653$1,540−8.9%
34654$1,930+14.2%
34655$2,130+26.0%
34656$1,770+4.7%
34667$1,540−8.9%
34668Current$1,690—
34669$1,660−1.8%
34673$1,770+4.7%
34674$1,770+4.7%
34679$1,560−7.7%
34680$1,770+4.7%

Questions about ZIP 34668 rents

How much will Section 8 pay for a two-bedroom in ZIP 34668?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,690, that basic range is $1,521 to $1,859 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 34668 in?

ZIP 34668 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 34668 for FY 2027?

The two-bedroom FMR fell 6.6%, from $1,810 in FY 2026 to $1,690 in FY 2027. Since FY 2023 it has risen 11.9%.

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