FY2027 Small Area FMR · Palmetto, FL

ZIP 34221 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 34221 (Palmetto, FL) is $2,050 a month, up 12.6% from FY2026. That is 6% below the North Port-Bradenton-Sarasota, FL area-wide FMR of $2,188.

2-bedroom SAFMR$2,050per month ▲ 12.6%

Area-wide 2 BR FMR$2,188North Port-Bradenton-Sarasot

Rank in the area49thof 63 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,845

2 BR Small Area FMR$2,050

110% of SAFMR$2,255

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

Studio$1,640▲ 24.2%

1 BR$1,760▲ 12.1%

2 BR$2,050▲ 12.6%

3 BR$2,600▲ 10.2%

4 BR$3,100▲ 10.3%

FY2027 FY2026

Where 34221 sits in the North Port-Bradenton-Sarasota, FL area

Of the 63 ZIP codes HUD lists for the area, 34221 has the 49th highest two-bedroom Small Area FMR. North Port-Bradenton-Sarasota, 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 $1,845 and $2,255 for two bedrooms.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$1,640	$1,476 – $1,804	$1,749	$1,320
1 bedroom	$1,760	$1,584 – $1,936	$1,876	$1,570
2 bedrooms	$2,050	$1,845 – $2,255	$2,188	$1,820
3 bedrooms	$2,600	$2,340 – $2,860	$2,775	$2,360
4 bedrooms	$3,100	$2,790 – $3,410	$3,309	$2,810

A household renting a two-bedroom home at the Small Area FMR of $2,050 needs about $82,000 a year to keep housing costs at 30% of income. The area median family income is $109,700 and the 80% low-income limit for four people is $91,300. ZIP code 34221 lies mainly in Manatee County. See the North Port-Bradenton-Sarasota, FL metro page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
34250	Terra Ceia	1.9 mi	$2,050
34222	Ellenton	4.0 mi	$1,940
34208	Bradenton	6.8 mi	$1,910
34205	Bradenton	6.9 mi	$1,740
34209	Bradenton	7.9 mi	$2,370
33570	Ruskin	9.5 mi	$1,540

Questions

What is the Fair Market Rent for ZIP code 34221?

HUD's FY2027 Small Area Fair Market Rents for 34221 are $1,640 (studio), $1,760 (1 BR), $2,050 (2 BR), $2,600 (3 BR) and $3,100 (4 BR) a month.

What is the Section 8 payment standard in 34221?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 34221 that range is $1,845 to $2,255 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 34221?

The FY2026 income limits of the North Port-Bradenton-Sarasota, FL area apply: median family income $109,700, low-income (80%) limit $91,300 for a family of four.