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St. Lucie County/Fort Pierce/34947

34947

ZIPSAFMR
St. Lucie County, FL
Zillow

ZIP Investment Score

110Above average

095130300
BRFMR
Eff. Rent
0 BR$1,350$1,400
1 BR$1,360$1,430
2 BR$1,640$1,680
3 BR$2,220$2,300
4 BR$2,330$2,480
5 BR$2,680Not available
6 BR$3,081Not available
7 BR$3,544Not available
8 BR$4,075Not available

Purchase Price Calculator

Maximum purchase price
$187,731

Cost breakdown

+Likely effective rent$1,680
HUD FMR$1,640
Market rent$1,700
Est. payment standard (102%)Used$1,680
-Principal and interest-$949
Loan amount$150,185
Down payment$37,546
Rate6.50%
Term30 years
-Operating costs-$531
Property taxes-$188
Insurance-$175
Utilities$0
HOA$0
Management-$168
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$27,015(72.0% ROI)
Projected value
$202,166
Return breakdown
Property appreciation+$14,435
Loan principal paid down+$5,381
Rental cash flow+$7,200
5-year hold
+$46,265(123.2% ROI)
Projected value
$212,400
Return breakdown
Property appreciation+$24,669
Loan principal paid down+$9,595
Rental cash flow+$12,000
10-year hold
+$99,444(264.9% ROI)
Projected value
$240,311
Return breakdown
Property appreciation+$52,581
Loan principal paid down+$22,864
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.94
1 BR
0.93
2 BR
0.96
3 BR
0.95
4 BR
0.91
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 34947 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 34947 (Fort Pierce, FL) is $1,640 a month. That is up 11.6% from $1,470 in FY 2026. Fort Pierce is in the Port St. Lucie, FL MSA. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the metro-wide two-bedroom FMR of $2,069. Among 23 ZIP codes in St. Lucie County, 34947 has the 19th-highest two-bedroom rent (county range $1,370–$2,890). The median county two-bedroom FMR in Florida is $1,474, so ZIP 34947 is 11% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 34947
BedroomsFY 2027Change90–110% range
Studio$1,350+14.4%$1,215–$1,485
1BR$1,360+10.6%$1,224–$1,496
2BR$1,640+11.6%$1,476–$1,804
3BR$2,220+8.8%$1,998–$2,442
4BR$2,330+5.0%$2,097–$2,563

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 34947
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,350$1,360$1,640$2,220$2,330
FY 2026$1,180$1,230$1,470$2,040$2,220
FY 2025$1,160$1,160$1,420$1,960$2,190
FY 2024$1,070$1,080$1,320$1,830$2,040
FY 2023$980$990$1,240$1,670$1,930

Two-bedroom rent in nearby St. Lucie County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 34947
34945$1,760+7.3%
34946$1,590−3.0%
34947Current$1,640—
34948$2,070+26.2%
34949$2,120+29.3%
34950$1,590−3.0%
34951$1,660+1.2%
34952$2,240+36.6%
34953$2,690+64.0%
34954$2,070+26.2%
34957$2,150+31.1%
34972$1,370−16.5%

Questions about ZIP 34947 rents

How much will Section 8 pay for a two-bedroom in ZIP 34947?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $2,069, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,862 to $2,276 a month; under the ZIP-level Small Area FMR of $1,640 it would be $1,476 to $1,804. 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 34947 in?

ZIP 34947 is in the Port St. Lucie, FL MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $2,069.

How much did fair market rent change in ZIP 34947 for FY 2027?

The two-bedroom FMR rose 11.6%, from $1,470 in FY 2026 to $1,640 in FY 2027. Since FY 2023 it has risen 32.3%.

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 rentFort Pierce, FL fair market rentFL statewide rentsWhat is SAFMR?Data sources