FY2027 Small Area FMR · Sarasota, FL
ZIP 34240 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 34240 (Sarasota, FL) is $3,130 a month, up 13.8% from FY2026. That is 43% above the North Port-Bradenton-Sarasota, FL area-wide FMR of $2,188.
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 34240 sits in the North Port-Bradenton-Sarasota, FL area
Of the 63 ZIP codes HUD lists for the area, 34240 has the 3rd 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 $2,817 and $3,443 for two bedrooms.
All unit sizes
| Unit | FY2027 SAFMR | Payment standard range | Area-wide FMR | FY2026 SAFMR |
|---|---|---|---|---|
| Studio | $2,500 | $2,250 – $2,750 | $1,749 | $1,990 |
| 1 bedroom | $2,680 | $2,412 – $2,948 | $1,876 | $2,370 |
| 2 bedrooms | $3,130 | $2,817 – $3,443 | $2,188 | $2,750 |
| 3 bedrooms | $3,970 | $3,573 – $4,367 | $2,775 | $3,560 |
| 4 bedrooms | $4,730 | $4,257 – $5,203 | $3,309 | $4,250 |
A household renting a two-bedroom home at the Small Area FMR of $3,130 needs about $125,200 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 34240 lies mainly in Sarasota County and Manatee County. See the North Port-Bradenton-Sarasota, FL metro page for the full income limits table and the household check.
Nearby ZIP codes
Questions
What is the Fair Market Rent for ZIP code 34240?
HUD's FY2027 Small Area Fair Market Rents for 34240 are $2,500 (studio), $2,680 (1 BR), $3,130 (2 BR), $3,970 (3 BR) and $4,730 (4 BR) a month.
What is the Section 8 payment standard in 34240?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 34240 that range is $2,817 to $3,443 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 34240?
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.