FMR is near market; voucher and private rents are aligned.
1.08
2 BR
2 BR
1.06ratio
FMR$2,130
Market$2,000
vs market+$130
FMR is near market; voucher and private rents are aligned.
1.06
3 BR
3 BR
1.25ratio
FMR$2,670
Market$2,140
vs market+$530
FMR is above market; underwrite to market rent.
1.25
4 BR
4 BR
1.27ratio
FMR$3,150
Market$2,480
vs market+$670
FMR is above market; underwrite to market rent.
1.27
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
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ZIP 34729 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 34729 (Ferndale, FL) is $2,130 a month. That is down 9.7% from $2,360 in FY 2026. Ferndale is in the Orlando-Kissimmee-Sanford, FL MSA, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. Among 39 ZIP codes in Lake County, 34729 has the 4th-highest two-bedroom rent (county range $1,370–$2,400). The median county two-bedroom FMR in Florida is $1,474, so ZIP 34729 is 45% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 34729
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,970
$1,780
−9.6%
$1,602–$1,958
1BR
$2,070
$1,870
−9.7%
$1,683–$2,057
2BR
$2,360
$2,130
−9.7%
$1,917–$2,343
3BR
$2,960
$2,670
−9.8%
$2,403–$2,937
4BR
$3,500
$3,150
−10.0%
$2,835–$3,465
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 34729
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,780
$1,870
$2,130
$2,670
$3,150
FY 2026
$1,970
$2,070
$2,360
$2,960
$3,500
FY 2025
$1,980
$2,090
$2,370
$3,010
$3,580
FY 2024
$1,380
$1,450
$1,640
$2,090
$2,520
FY 2023area FMR
$1,338
$1,422
$1,616
$2,064
$2,503
Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.
How much will Section 8 pay for a two-bedroom in ZIP 34729?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,130, that basic range is $1,917 to $2,343 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 34729 in?
ZIP 34729 is in the Orlando-Kissimmee-Sanford, 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 34729 for FY 2027?
The two-bedroom FMR fell 9.7%, from $2,360 in FY 2026 to $2,130 in FY 2027. Since FY 2024 it has risen 29.9%.
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