34680

ZIPSAFMR

Pasco County, FL

ZIP Investment Score

095130300

BR	FMR	Eff. Rent	3Y CAGR
0 BR	$1,470	$1,620	2.1%
1 BR	$1,520	$1,670	0.7%
2 BR	$1,770	$1,930	0.2%
3 BR	$2,260	$2,200	0.1%
4 BR	$2,750	$2,520	0.0%
5 BR	$3,162	Not available	0.0%
6 BR	$3,637	Not available	0.0%
7 BR	$4,182	Not available	0.0%
8 BR	$4,810	Not available	0.0%

Purchase Price Calculator

Maximum purchase price

$224,881

Cost breakdown

+Likely effective rent$1,930

HUD FMR$1,770

Market rent$2,020

Est. payment standard (109%)Used$1,930

-Principal and interest-$1,137

Loan amount$179,905

Down payment$44,976

Rate6.50%

Term30 years

-Operating costs-$593

Property taxes-$225

Insurance-$175

Utilities$0

HOA$0

Management-$193

=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

+$30,937(68.8% ROI)

Projected value

$242,172

Return breakdown

Property appreciation+$17,291

Loan principal paid down+$6,446

Rental cash flow+$7,200

5-year hold

+$53,045(117.9% ROI)

Projected value

$254,432

Return breakdown

Property appreciation+$29,551

Loan principal paid down+$11,494

Rental cash flow+$12,000

10-year hold

+$114,374(254.3% ROI)

Projected value

$287,866

Return breakdown

Property appreciation+$62,986

Loan principal paid down+$27,388

Rental cash flow+$24,000

Public Housing Authority

Rolodex

Market Alignment

Studio

0.82ratio

FMR$1,470

Market$1,800

vs market-$330

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

0.82

1 BR

0.85ratio

FMR$1,520

Market$1,780

vs market-$260

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

0.85

2 BR

0.88ratio

FMR$1,770

Market$2,020

vs market-$250

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

0.88

3 BR

1.03ratio

FMR$2,260

Market$2,200

vs market+$60

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

1.03

4 BR

1.09ratio

FMR$2,750

Market$2,520

vs market+$230

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

1.09

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 34680 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 34680 (Elfers, FL) is $1,770 a month. That is down 3.8% from $1,840 in FY 2026. Elfers 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, 34680 is tied for the 16th-highest two-bedroom rent (county range $1,020–$2,780). The median county two-bedroom FMR in Florida is $1,474, so ZIP 34680 is 20% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 34680
Bedrooms	FY 2026	FY 2027	Change	90–110% range
Studio	$1,480	$1,470	−0.7%	$1,323–$1,617
1BR	$1,580	$1,520	−3.8%	$1,368–$1,672
2BR	$1,840	$1,770	−3.8%	$1,593–$1,947
3BR	$2,350	$2,260	−3.8%	$2,034–$2,486
4BR	$2,860	$2,750	−3.8%	$2,475–$3,025

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 34680
Fiscal year	Studio	1BR	2BR	3BR	4BR
FY 2027	$1,470	$1,520	$1,770	$2,260	$2,750
FY 2026	$1,480	$1,580	$1,840	$2,350	$2,860
FY 2025	$1,470	$1,590	$1,860	$2,380	$2,900
FY 2024	$1,380	$1,490	$1,760	$2,250	$2,750
FY 2023	$1,230	$1,320	$1,580	$2,020	$2,480

Two-bedroom rent in nearby Pasco County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code	2 bedroom	vs. 34680
34656	$1,770	0.0%
34667	$1,540	−13.0%
34668	$1,690	−4.5%
34669	$1,660	−6.2%
34673	$1,770	0.0%
34674	$1,770	0.0%
34679	$1,560	−11.9%
34680Current	$1,770	—
34689	$1,580	−10.7%
34690	$1,560	−11.9%
34691	$1,640	−7.3%
34692	$1,770	0.0%

Questions about ZIP 34680 rents

How much will Section 8 pay for a two-bedroom in ZIP 34680?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,770, that basic range is $1,593 to $1,947 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 34680 in?

ZIP 34680 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 34680 for FY 2027?

The two-bedroom FMR fell 3.8%, from $1,840 in FY 2026 to $1,770 in FY 2027. Since FY 2023 it has risen 12.0%.

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