FY2027 Small Area FMR · Lake Placid, FL

ZIP 33862 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 33862 (Lake Placid, FL) is $1,260 a month, down 0.8% from FY2026. That is 0% equal to the Sebring, FL area-wide FMR of $1,259.

2-bedroom SAFMR$1,260per month ▼ 0.8%

Area-wide 2 BR FMR$1,259Sebring, FL

Rank in the area9thof 14 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,134

2 BR Small Area FMR$1,260

110% of SAFMR$1,386

Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.

Studio$880■ 0.0%

1 BR$1,020▲ 1.0%

2 BR$1,260▼ 0.8%

3 BR$1,500▼ 2.6%

4 BR$1,910▼ 5.4%

FY2027 FY2026

Where 33862 sits in the Sebring, FL area

Of the 14 ZIP codes HUD lists for the area, 33862 has the 9th highest two-bedroom Small Area FMR. Sebring, FL is not on HUD's list of mandatory Small Area FMR areas, so voucher payment standards here are normally based on the area-wide FMR of $1,259 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,260 for this ZIP code instead.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$880	$792 – $968	$877	$880
1 bedroom	$1,020	$918 – $1,122	$1,022	$1,010
2 bedrooms	$1,260	$1,134 – $1,386	$1,259	$1,270
3 bedrooms	$1,500	$1,350 – $1,650	$1,500	$1,540
4 bedrooms	$1,910	$1,719 – $2,101	$1,905	$2,020

A household renting a two-bedroom home at the Small Area FMR of $1,260 needs about $50,400 a year to keep housing costs at 30% of income. The area median family income is $75,600 and the 80% low-income limit for four people is $64,650. ZIP code 33862 lies mainly in Highlands County. See the Sebring, FL county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
33852	Lake Placid	3.5 mi	$1,400
33876	Sebring	8.3 mi	$1,150
33857	Lorida	11.1 mi	$1,240
33875	Sebring	11.4 mi	$1,410
33870	Sebring	15.0 mi	$1,230
33960	Venus	17.4 mi	$1,320

Questions

What is the Fair Market Rent for ZIP code 33862?

HUD's FY2027 Small Area Fair Market Rents for 33862 are $880 (studio), $1,020 (1 BR), $1,260 (2 BR), $1,500 (3 BR) and $1,910 (4 BR) a month.

What is the Section 8 payment standard in 33862?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 33862 that range is $1,134 to $1,386 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 33862?

The FY2026 income limits of the Sebring, FL area apply: median family income $75,600, low-income (80%) limit $64,650 for a family of four.