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Pasco County/Tarpon Springs/34689

34689

ZIPSAFMR
Pasco County, FL
Zillow

ZIP Investment Score

75Below average

095130300
BRFMR
Eff. Rent
0 BR$1,320$1,240
1 BR$1,360$1,500
2 BR$1,580$1,740
3 BR$2,020$2,220
4 BR$2,450$2,700
5 BR$2,818Not available
6 BR$3,240Not available
7 BR$3,726Not available
8 BR$4,285Not available

Purchase Price Calculator

Maximum purchase price
$196,647

Cost breakdown

+Likely effective rent$1,740
HUD FMR$1,580
Market rent$1,960
Est. payment standard (110%)Used$1,740
-Principal and interest-$994
Loan amount$157,317
Down payment$39,329
Rate6.50%
Term30 years
-Operating costs-$546
Property taxes-$197
Insurance-$175
Utilities$0
HOA$0
Management-$174
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$27,957(71.1% ROI)
Projected value
$211,767
Return breakdown
Property appreciation+$15,120
Loan principal paid down+$5,636
Rental cash flow+$7,200
5-year hold
+$47,892(121.8% ROI)
Projected value
$222,488
Return breakdown
Property appreciation+$25,841
Loan principal paid down+$10,051
Rental cash flow+$12,000
10-year hold
+$103,028(262.0% ROI)
Projected value
$251,725
Return breakdown
Property appreciation+$55,078
Loan principal paid down+$23,950
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.06
1 BR
0.79
2 BR
0.81
3 BR
0.83
4 BR
0.82
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 34689 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 34689 (Tarpon Springs, FL) is $1,580 a month. That is down 4.8% from $1,660 in FY 2026. Tarpon Springs 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, 34689 has the 31st-highest two-bedroom rent (county range $1,020–$2,780). The median county two-bedroom FMR in Florida is $1,474, so ZIP 34689 is 7% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 34689
BedroomsFY 2027Change90–110% range
Studio$1,320−1.5%$1,188–$1,452
1BR$1,360−4.2%$1,224–$1,496
2BR$1,580−4.8%$1,422–$1,738
3BR$2,020−4.7%$1,818–$2,222
4BR$2,450−5.0%$2,205–$2,695

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 34689
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,320$1,360$1,580$2,020$2,450
FY 2026$1,340$1,420$1,660$2,120$2,580
FY 2025$1,310$1,410$1,660$2,130$2,590
FY 2024$1,200$1,290$1,530$1,960$2,390
FY 2023$1,050$1,120$1,350$1,730$2,120

Two-bedroom rent in nearby Pasco County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 34689
34656$1,770+12.0%
34667$1,540−2.5%
34668$1,690+7.0%
34669$1,660+5.1%
34673$1,770+12.0%
34674$1,770+12.0%
34679$1,560−1.3%
34680$1,770+12.0%
34689Current$1,580—
34690$1,560−1.3%
34691$1,640+3.8%
34692$1,770+12.0%

Questions about ZIP 34689 rents

How much will Section 8 pay for a two-bedroom in ZIP 34689?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,580, that basic range is $1,422 to $1,738 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 34689 in?

ZIP 34689 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 34689 for FY 2027?

The two-bedroom FMR fell 4.8%, from $1,660 in FY 2026 to $1,580 in FY 2027. Since FY 2023 it has risen 17.0%.

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