FY2027 Small Area FMR · Boca Grande, FL
ZIP 33921 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 33921 (Boca Grande, FL) is $1,770 a month, up 6.6% from FY2026. That is 4% below the Cape Coral-Fort Myers, FL area-wide FMR of $1,835.
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 33921 sits in the Cape Coral-Fort Myers, FL area
Of the 50 ZIP codes HUD lists for the area, 33921 has the 40th highest two-bedroom Small Area FMR. Cape Coral-Fort Myers, 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 $1,835 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,770 for this ZIP code instead.
ZIP code 33921 crosses more than one HUD area. HUD also lists it under Punta Gorda, 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 | $1,470 | $1,323 – $1,617 | $1,555 | $1,340 |
| 1 bedroom | $1,480 | $1,332 – $1,628 | $1,564 | $1,340 |
| 2 bedrooms | $1,770 | $1,593 – $1,947 | $1,835 | $1,660 |
| 3 bedrooms | $2,310 | $2,079 – $2,541 | $2,373 | $2,300 |
| 4 bedrooms | $2,560 | $2,304 – $2,816 | $2,615 | $2,630 |
A household renting a two-bedroom home at the Small Area FMR of $1,770 needs about $70,800 a year to keep housing costs at 30% of income. The area median family income is $105,700 and the 80% low-income limit for four people is $89,900. ZIP code 33921 lies mainly in Lee County and Charlotte County. See the Cape Coral-Fort Myers, 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 33921?
HUD's FY2027 Small Area Fair Market Rents for 33921 are $1,470 (studio), $1,480 (1 BR), $1,770 (2 BR), $2,310 (3 BR) and $2,560 (4 BR) a month.
What is the Section 8 payment standard in 33921?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 33921 that range is $1,593 to $1,947 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 33921?
The FY2026 income limits of the Cape Coral-Fort Myers, FL area apply: median family income $105,700, low-income (80%) limit $89,900 for a family of four.