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Martin County/Palm City/34990

34990

ZIPSAFMR
Martin County, FL
Zillow

ZIP Investment Score

60Below average

095130300
BRFMR
Eff. Rent
0 BR$2,090$2,150
1 BR$2,100$2,300
2 BR$2,530$2,630
3 BR$3,430$2,760
4 BR$3,580$3,480
5 BR$4,117Not available
6 BR$4,735Not available
7 BR$5,445Not available
8 BR$6,261Not available

Purchase Price Calculator

Maximum purchase price
$328,900

Cost breakdown

+Likely effective rent$2,630
HUD FMR$2,530
Market rent$2,690
Est. payment standard (104%)Used$2,630
-Principal and interest-$1,663
Loan amount$263,120
Down payment$65,780
Rate6.50%
Term30 years
-Operating costs-$767
Property taxes-$329
Insurance-$175
Utilities$0
HOA$0
Management-$263
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$41,916(63.7% ROI)
Projected value
$354,190
Return breakdown
Property appreciation+$25,289
Loan principal paid down+$9,427
Rental cash flow+$7,200
5-year hold
+$72,031(109.5% ROI)
Projected value
$372,121
Return breakdown
Property appreciation+$43,220
Loan principal paid down+$16,811
Rental cash flow+$12,000
10-year hold
+$156,177(237.4% ROI)
Projected value
$421,020
Return breakdown
Property appreciation+$92,120
Loan principal paid down+$40,057
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.96
1 BR
0.88
2 BR
0.94
3 BR
1.24
4 BR
1.03
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 34990 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 34990 (Palm City, FL) is $2,530 a month. That is up 15.0% from $2,200 in FY 2026. Palm City 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 17 ZIP codes in Martin County, 34990 has the 3rd-highest two-bedroom rent (county range $1,590–$2,660). The median county two-bedroom FMR in Florida is $1,474, so ZIP 34990 is 72% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 34990
BedroomsFY 2027Change90–110% range
Studio$2,090+14.8%$1,881–$2,299
1BR$2,100+14.1%$1,890–$2,310
2BR$2,530+15.0%$2,277–$2,783
3BR$3,430+13.2%$3,087–$3,773
4BR$3,580+10.8%$3,222–$3,938

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 34990
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,090$2,100$2,530$3,430$3,580
FY 2026$1,820$1,840$2,200$3,030$3,230
FY 2025$1,690$1,750$2,090$2,910$3,160
FY 2024$1,690$1,700$2,080$2,880$3,220
FY 2023$1,550$1,560$1,960$2,650$3,050

Two-bedroom rent in nearby Martin County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 34990
33478$2,610+3.2%
34956$1,590−37.2%
34957$2,150−15.0%
34958$2,080−17.8%
34974$1,590−37.2%
34990Current$2,530—
34991$2,080−17.8%
34992$2,080−17.8%
34994$2,170−14.2%
34995$2,080−17.8%
34996$1,800−28.9%
34997$2,070−18.2%

Questions about ZIP 34990 rents

How much will Section 8 pay for a two-bedroom in ZIP 34990?

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 $2,530 it would be $2,277 to $2,783. 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 34990 in?

ZIP 34990 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 34990 for FY 2027?

The two-bedroom FMR rose 15.0%, from $2,200 in FY 2026 to $2,530 in FY 2027. Since FY 2023 it has risen 29.1%.

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 rentPalm City, FL fair market rentFL statewide rentsWhat is SAFMR?Data sources