34679

ZIPSAFMR

Pasco County, FL

ZIP Investment Score

095130300

BR	FMR	Eff. Rent	3Y CAGR
0 BR	$1,300	$1,350	1.3%
1 BR	$1,340	$1,390	-0.2%
2 BR	$1,560	$1,710	-0.8%
3 BR	$1,990	$1,900	-0.8%
4 BR	$2,420	$2,260	-0.9%
5 BR	$2,783	Not available	-1.0%
6 BR	$3,200	Not available	-1.0%
7 BR	$3,681	Not available	-0.9%
8 BR	$4,233	Not available	-0.9%

Purchase Price Calculator

Maximum purchase price

$192,189

Cost breakdown

+Likely effective rent$1,710

HUD FMR$1,560

Market rent$1,790

Est. payment standard (110%)Used$1,710

-Principal and interest-$972

Loan amount$153,751

Down payment$38,438

Rate6.50%

Term30 years

-Operating costs-$538

Property taxes-$192

Insurance-$175

Utilities$0

HOA$0

Management-$171

=Target cash flow+$200

Calculation mode

BedroomsCash-flow target

Down payment methodDown payment %

HOA / mo

Utilities methodUtilities amount

Management methodManagement % of rent

Hold period projections

Annual appreciation rate

3-year hold

+$27,486(71.5% ROI)

Projected value

$206,966

Return breakdown

Property appreciation+$14,778

Loan principal paid down+$5,509

Rental cash flow+$7,200

5-year hold

+$47,078(122.5% ROI)

Projected value

$217,444

Return breakdown

Property appreciation+$25,255

Loan principal paid down+$9,823

Rental cash flow+$12,000

10-year hold

+$101,236(263.4% ROI)

Projected value

$246,018

Return breakdown

Property appreciation+$53,829

Loan principal paid down+$23,407

Rental cash flow+$24,000

Public Housing Authority

Rolodex

Market Alignment

Studio

0.94ratio

FMR$1,300

Market$1,380

vs market-$80

FMR is near market; voucher and private rents are aligned.

0.94

1 BR

0.95ratio

FMR$1,340

Market$1,410

vs market-$70

FMR is near market; voucher and private rents are aligned.

0.95

2 BR

0.87ratio

FMR$1,560

Market$1,790

vs market-$230

FMR is below market; voucher rent may lag private rents.

0.87

3 BR

1.05ratio

FMR$1,990

Market$1,900

vs market+$90

FMR is near market; voucher and private rents are aligned.

1.05

4 BR

1.07ratio

FMR$2,420

Market$2,260

vs market+$160

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: --

ZIP 34679 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 34679 (Aripeka, FL) is $1,560 a month. That is down 6.0% from $1,660 in FY 2026. Aripeka 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, 34679 is tied for the 32nd-highest two-bedroom rent (county range $1,020–$2,780). The median county two-bedroom FMR in Florida is $1,474, so ZIP 34679 is 6% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 34679
Bedrooms	FY 2026	FY 2027	Change	90–110% range
Studio	$1,340	$1,300	−3.0%	$1,170–$1,430
1BR	$1,430	$1,340	−6.3%	$1,206–$1,474
2BR	$1,660	$1,560	−6.0%	$1,404–$1,716
3BR	$2,130	$1,990	−6.6%	$1,791–$2,189
4BR	$2,590	$2,420	−6.6%	$2,178–$2,662

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 34679
Fiscal year	Studio	1BR	2BR	3BR	4BR
FY 2027	$1,300	$1,340	$1,560	$1,990	$2,420
FY 2026	$1,340	$1,430	$1,660	$2,130	$2,590
FY 2025	$1,350	$1,450	$1,700	$2,180	$2,650
FY 2024	$1,250	$1,350	$1,600	$2,040	$2,490
FY 2023	$1,040	$1,110	$1,330	$1,710	$2,090

Two-bedroom rent in nearby Pasco County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code	2 bedroom	vs. 34679
34656	$1,770	+13.5%
34667	$1,540	−1.3%
34668	$1,690	+8.3%
34669	$1,660	+6.4%
34673	$1,770	+13.5%
34674	$1,770	+13.5%
34679Current	$1,560	—
34680	$1,770	+13.5%
34689	$1,580	+1.3%
34690	$1,560	0.0%
34691	$1,640	+5.1%
34692	$1,770	+13.5%

Questions about ZIP 34679 rents

How much will Section 8 pay for a two-bedroom in ZIP 34679?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,560, that basic range is $1,404 to $1,716 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 34679 in?

ZIP 34679 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 34679 for FY 2027?

The two-bedroom FMR fell 6.0%, from $1,660 in FY 2026 to $1,560 in FY 2027. Since FY 2023 it has risen 17.3%.

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

County fair market rent Aripeka, FL fair market rent FL statewide rents What is SAFMR?Data sources