FY2027 Small Area FMR · Naples, FL
ZIP 34120 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 34120 (Naples, FL) is $2,490 a month, up 1.2% from FY2026. That is 22% above the Naples-Marco Island, FL area-wide FMR of $2,036.
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 34120 sits in the Naples-Marco Island, FL area
Of the 28 ZIP codes HUD lists for the area, 34120 has the 1st highest two-bedroom Small Area FMR. Naples-Marco Island, 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 $2,036 for two bedrooms; an agency that opts in to Small Area FMRs would use $2,490 for this ZIP code instead.
All unit sizes
| Unit | FY2027 SAFMR | Payment standard range | Area-wide FMR | FY2026 SAFMR |
|---|---|---|---|---|
| Studio | $1,730 | $1,557 – $1,903 | $1,418 | $1,730 |
| 1 bedroom | $2,290 | $2,061 – $2,519 | $1,870 | $2,230 |
| 2 bedrooms | $2,490 | $2,241 – $2,739 | $2,036 | $2,460 |
| 3 bedrooms | $3,160 | $2,844 – $3,476 | $2,584 | $3,200 |
| 4 bedrooms | $3,440 | $3,096 – $3,784 | $2,815 | $3,470 |
A household renting a two-bedroom home at the Small Area FMR of $2,490 needs about $99,600 a year to keep housing costs at 30% of income. The area median family income is $121,000 and the 80% low-income limit for four people is $96,800. ZIP code 34120 lies mainly in Collier County. See the Naples-Marco Island, 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 34120?
HUD's FY2027 Small Area Fair Market Rents for 34120 are $1,730 (studio), $2,290 (1 BR), $2,490 (2 BR), $3,160 (3 BR) and $3,440 (4 BR) a month.
What is the Section 8 payment standard in 34120?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 34120 that range is $2,241 to $2,739 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 34120?
The FY2026 income limits of the Naples-Marco Island, FL area apply: median family income $121,000, low-income (80%) limit $96,800 for a family of four.