Not enough rental comps in this area to determine how FMR aligns with current market rates.
Historical
FY 2023-2027
FMR
FY2027
Property value
--
Tax rate
--
Mortgage rate
--
ZIP 34991 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 34991 (Palm City, FL) is $2,080 a month. That is up 18.9% from $1,750 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, 34991 is tied for the 7th-highest two-bedroom rent (county range $1,590–$2,660). The median county two-bedroom FMR in Florida is $1,474, so ZIP 34991 is 41% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 34991
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,450
$1,720
+18.6%
$1,548–$1,892
1BR
$1,460
$1,730
+18.5%
$1,557–$1,903
2BR
$1,750
$2,080
+18.9%
$1,872–$2,288
3BR
$2,410
$2,820
+17.0%
$2,538–$3,102
4BR
$2,570
$2,940
+14.4%
$2,646–$3,234
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 34991
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,720
$1,730
$2,080
$2,820
$2,940
FY 2026
$1,450
$1,460
$1,750
$2,410
$2,570
FY 2025
$1,290
$1,340
$1,600
$2,230
$2,420
FY 2024
$1,240
$1,240
$1,520
$2,100
$2,350
FY 2023
$1,110
$1,120
$1,410
$1,900
$2,190
Two-bedroom rent in nearby Martin County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 34991?
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 $2,080 it would be $1,872 to $2,288. 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 34991 in?
ZIP 34991 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 34991 for FY 2027?
The two-bedroom FMR rose 18.9%, from $1,750 in FY 2026 to $2,080 in FY 2027. Since FY 2023 it has risen 47.5%.
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