FY2027 Small Area FMR · Homestead, FL
ZIP 33034 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 33034 (Homestead, FL) is $2,010 a month, up 4.7% from FY2026. That is 22% below the Miami-Miami Beach-Kendall, FL area-wide FMR of $2,564.
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 33034 sits in the Miami-Miami Beach-Kendall, FL area
Of the 120 ZIP codes HUD lists for the area, 33034 has the 118th highest two-bedroom Small Area FMR. Miami-Miami Beach-Kendall, FL is one of the 65 metro areas where HUD requires Small Area FMRs for the Housing Choice Voucher program (designated 2023), 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 33034 crosses more than one HUD area. HUD also lists it under Monroe County, 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 | $1,530 | $1,377 – $1,683 | $1,953 | $1,440 |
| 1 bedroom | $1,660 | $1,494 – $1,826 | $2,121 | $1,570 |
| 2 bedrooms | $2,010 | $1,809 – $2,211 | $2,564 | $1,920 |
| 3 bedrooms | $2,570 | $2,313 – $2,827 | $3,277 | $2,460 |
| 4 bedrooms | $2,940 | $2,646 – $3,234 | $3,749 | $2,920 |
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 $89,800 and the 80% low-income limit for four people is $109,000. ZIP code 33034 lies mainly in Miami-Dade County and Monroe County. See the Miami-Miami Beach-Kendall, 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 33034?
HUD's FY2027 Small Area Fair Market Rents for 33034 are $1,530 (studio), $1,660 (1 BR), $2,010 (2 BR), $2,570 (3 BR) and $2,940 (4 BR) a month.
What is the Section 8 payment standard in 33034?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 33034 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 33034?
The FY2026 income limits of the Miami-Miami Beach-Kendall, FL area apply: median family income $89,800, low-income (80%) limit $109,000 for a family of four.