FY2027 Small Area FMR · Canal Point, FL
ZIP 33438 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 33438 (Canal Point, FL) is $1,670 a month, up 4.4% from FY2026. That is 29% below the West Palm Beach-Boca Raton, FL area-wide FMR of $2,349.
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 33438 sits in the West Palm Beach-Boca Raton, FL area
Of the 73 ZIP codes HUD lists for the area, 33438 has the 69th highest two-bedroom Small Area FMR. West Palm Beach-Boca Raton, 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 $1,503 and $1,837 for two bedrooms.
ZIP code 33438 crosses more than one HUD area. HUD also lists it under Port St. Lucie, 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 | $1,360 | $1,224 – $1,496 | $1,907 | $1,270 |
| 1 bedroom | $1,430 | $1,287 – $1,573 | $2,008 | $1,350 |
| 2 bedrooms | $1,670 | $1,503 – $1,837 | $2,349 | $1,600 |
| 3 bedrooms | $2,170 | $1,953 – $2,387 | $3,052 | $2,070 |
| 4 bedrooms | $2,500 | $2,250 – $2,750 | $3,523 | $2,410 |
A household renting a two-bedroom home at the Small Area FMR of $1,670 needs about $66,800 a year to keep housing costs at 30% of income. The area median family income is $107,600 and the 80% low-income limit for four people is $102,800. ZIP code 33438 lies mainly in Martin County and Palm Beach County. See the West Palm Beach-Boca Raton, 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 33438?
HUD's FY2027 Small Area Fair Market Rents for 33438 are $1,360 (studio), $1,430 (1 BR), $1,670 (2 BR), $2,170 (3 BR) and $2,500 (4 BR) a month.
What is the Section 8 payment standard in 33438?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 33438 that range is $1,503 to $1,837 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 33438?
The FY2026 income limits of the West Palm Beach-Boca Raton, FL area apply: median family income $107,600, low-income (80%) limit $102,800 for a family of four.