FY2027 Small Area FMR · Hollywood, FL
ZIP 33023 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 33023 (Hollywood, FL) is $2,010 a month, down 9.9% from FY2026. That is 13% below the Fort Lauderdale, FL area-wide FMR of $2,321.
Payment standard range, 2 bedrooms
Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.
FY2027 FY2026
Where 33023 sits in the Fort Lauderdale, FL area
Of the 87 ZIP codes HUD lists for the area, 33023 has the 84th highest two-bedroom Small Area FMR. Fort Lauderdale, FL is one of the 65 metro areas where HUD requires Small Area FMRs for the Housing Choice Voucher program (designated 2016), so local housing agencies must set payment standards from this ZIP code's figure, normally between $1,809 and $2,211 for two bedrooms.
ZIP code 33023 crosses more than one HUD area. HUD also lists it under Miami-Miami Beach-Kendall, FL (same figures). The figure that applies depends on which side of the line the home is.
All unit sizes
| Unit | FY2027 SAFMR | Payment standard range | Area-wide FMR | FY2026 SAFMR |
|---|---|---|---|---|
| Studio | $1,520 | $1,368 – $1,672 | $1,759 | $1,660 |
| 1 bedroom | $1,650 | $1,485 – $1,815 | $1,902 | $1,820 |
| 2 bedrooms | $2,010 | $1,809 – $2,211 | $2,321 | $2,230 |
| 3 bedrooms | $2,770 | $2,493 – $3,047 | $3,172 | $3,070 |
| 4 bedrooms | $3,280 | $2,952 – $3,608 | $3,662 | $3,640 |
A household renting a two-bedroom home at the Small Area FMR of $2,010 needs about $80,400 a year to keep housing costs at 30% of income. The area median family income is $102,500 and the 80% low-income limit for four people is $101,400. ZIP code 33023 lies mainly in Broward County. See the Fort Lauderdale, FL county page for the full income limits table and the household check.
Nearby ZIP codes
Questions
What is the Fair Market Rent for ZIP code 33023?
HUD's FY2027 Small Area Fair Market Rents for 33023 are $1,520 (studio), $1,650 (1 BR), $2,010 (2 BR), $2,770 (3 BR) and $3,280 (4 BR) a month.
What is the Section 8 payment standard in 33023?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 33023 that range is $1,809 to $2,211 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 33023?
The FY2026 income limits of the Fort Lauderdale, FL area apply: median family income $102,500, low-income (80%) limit $101,400 for a family of four.