FY2027 Small Area FMR · Polk City, FL

ZIP 33868 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 33868 (Polk City, FL) is $1,360 a month, up 6.2% from FY2026. That is 15% below the Lakeland-Winter Haven, FL area-wide FMR of $1,608.

2-bedroom SAFMR$1,360per month ▲ 6.2%

Area-wide 2 BR FMR$1,608Lakeland-Winter Haven, FL

Rank in the area46thof 58 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,224

2 BR Small Area FMR$1,360

110% of SAFMR$1,496

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

Studio$1,110▲ 5.7%

1 BR$1,130▲ 7.6%

2 BR$1,360▲ 6.2%

3 BR$1,870▲ 8.1%

4 BR$2,270▲ 5.6%

FY2027 FY2026

Where 33868 sits in the Lakeland-Winter Haven, FL area

Of the 58 ZIP codes HUD lists for the area, 33868 has the 46th highest two-bedroom Small Area FMR. Lakeland-Winter Haven, 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 $1,608 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,360 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	$1,110	$999 – $1,221	$1,258	$1,050
1 bedroom	$1,130	$1,017 – $1,243	$1,338	$1,050
2 bedrooms	$1,360	$1,224 – $1,496	$1,608	$1,280
3 bedrooms	$1,870	$1,683 – $2,057	$2,212	$1,730
4 bedrooms	$2,270	$2,043 – $2,497	$2,688	$2,150

A household renting a two-bedroom home at the Small Area FMR of $1,360 needs about $54,400 a year to keep housing costs at 30% of income. The area median family income is $83,900 and the 80% low-income limit for four people is $69,850. ZIP code 33868 lies mainly in Polk County. See the Lakeland-Winter Haven, FL county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
33897	Davenport	8.8 mi	$2,300
33809	Lakeland	9.1 mi	$1,820
33850	Lake Alfred	10.0 mi	$1,350
33823	Auburndale	10.7 mi	$1,350
33805	Lakeland	10.9 mi	$1,500
34714	Clermont	11.6 mi	$1,970

Questions

What is the Fair Market Rent for ZIP code 33868?

HUD's FY2027 Small Area Fair Market Rents for 33868 are $1,110 (studio), $1,130 (1 BR), $1,360 (2 BR), $1,870 (3 BR) and $2,270 (4 BR) a month.

What is the Section 8 payment standard in 33868?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 33868 that range is $1,224 to $1,496 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 33868?

The FY2026 income limits of the Lakeland-Winter Haven, FL area apply: median family income $83,900, low-income (80%) limit $69,850 for a family of four.