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St. Lucie County/Port Saint Lucie/34987

34987

ZIPSAFMR
St. Lucie County, FL
Zillow

ZIP Investment Score

74Below average

095130300
BRFMR
Eff. Rent
0 BR$2,380$2,450
1 BR$2,400$2,520
2 BR$2,890$2,860
3 BR$3,910$2,810
4 BR$4,080$3,220
5 BR$4,692Not available
6 BR$5,396Not available
7 BR$6,205Not available
8 BR$7,136Not available

Purchase Price Calculator

Maximum purchase price
$363,078

Cost breakdown

+Likely effective rent$2,860
HUD FMR$2,890
Market rentUsed$2,860
Est. payment standard (99%)$2,870
-Principal and interest-$1,836
Loan amount$290,463
Down payment$72,616
Rate6.50%
Term30 years
-Operating costs-$824
Property taxes-$363
Insurance-$175
Utilities$0
HOA$0
Management-$286
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$45,524(62.7% ROI)
Projected value
$390,996
Return breakdown
Property appreciation+$27,917
Loan principal paid down+$10,407
Rental cash flow+$7,200
5-year hold
+$78,269(107.8% ROI)
Projected value
$410,790
Return breakdown
Property appreciation+$47,711
Loan principal paid down+$18,558
Rental cash flow+$12,000
10-year hold
+$169,912(234.0% ROI)
Projected value
$464,771
Return breakdown
Property appreciation+$101,693
Loan principal paid down+$44,220
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.96
1 BR
0.93
2 BR
1.01
3 BR
1.39
4 BR
1.27
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 34987 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 34987 (Port Saint Lucie, FL) is $2,890 a month. That is up 15.6% from $2,500 in FY 2026. Port Saint Lucie 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, 34987 has the highest two-bedroom rent (county range $1,370–$2,890). The median county two-bedroom FMR in Florida is $1,474, so ZIP 34987 is 96% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 34987
BedroomsFY 2027Change90–110% range
Studio$2,380+15.0%$2,142–$2,618
1BR$2,400+14.8%$2,160–$2,640
2BR$2,890+15.6%$2,601–$3,179
3BR$3,910+13.7%$3,519–$4,301
4BR$4,080+11.2%$3,672–$4,488

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 34987
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,380$2,400$2,890$3,910$4,080
FY 2026$2,070$2,090$2,500$3,440$3,670
FY 2025$1,880$1,960$2,330$3,240$3,520
FY 2024$1,870$1,880$2,300$3,180$3,560
FY 2023$1,710$1,720$2,160$2,920$3,360

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

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 34987
34972$1,370−52.6%
34974$1,590−45.0%
34979$2,070−28.4%
34981$1,830−36.7%
34982$1,710−40.8%
34983$2,400−17.0%
34984$2,650−8.3%
34985$2,070−28.4%
34986$2,210−23.5%
34987Current$2,890—
34988$2,070−28.4%
34990$2,530−12.5%

Questions about ZIP 34987 rents

How much will Section 8 pay for a two-bedroom in ZIP 34987?

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 $2,890 it would be $2,601 to $3,179. 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 34987 in?

ZIP 34987 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 34987 for FY 2027?

The two-bedroom FMR rose 15.6%, from $2,500 in FY 2026 to $2,890 in FY 2027. Since FY 2023 it has risen 33.8%.

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 rentPort Saint Lucie, FL fair market rentFL statewide rentsWhat is SAFMR?Data sources