FY2027 Small Area FMR · Land O Lakes, FL

ZIP 34638 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 34638 (Land O Lakes, FL) is $2,780 a month, down 6.1% from FY2026. That is 45% above the Tampa-St. Petersburg-Clearwater, FL area-wide FMR of $1,917.

2-bedroom SAFMR$2,780per month ▼ 6.1%

Area-wide 2 BR FMR$1,917Tampa-St. Petersburg-Clearwa

Rank in the area8thof 208 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$2,502

2 BR Small Area FMR$2,780

110% of SAFMR$3,058

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

Studio$2,320▼ 2.9%

1 BR$2,390▼ 5.9%

2 BR$2,780▼ 6.1%

3 BR$3,550▼ 6.1%

4 BR$4,320▼ 6.3%

FY2027 FY2026

Where 34638 sits in the Tampa-St. Petersburg-Clearwater, FL area

Of the 208 ZIP codes HUD lists for the area, 34638 has the 8th highest two-bedroom Small Area FMR. Tampa-St. Petersburg-Clearwater, 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 $2,502 and $3,058 for two bedrooms.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$2,320	$2,088 – $2,552	$1,597	$2,390
1 bedroom	$2,390	$2,151 – $2,629	$1,648	$2,540
2 bedrooms	$2,780	$2,502 – $3,058	$1,917	$2,960
3 bedrooms	$3,550	$3,195 – $3,905	$2,448	$3,780
4 bedrooms	$4,320	$3,888 – $4,752	$2,977	$4,610

A household renting a two-bedroom home at the Small Area FMR of $2,780 needs about $111,200 a year to keep housing costs at 30% of income. The area median family income is $104,700 and the 80% low-income limit for four people is $91,750. ZIP code 34638 lies mainly in Pasco County. See the Tampa-St. Petersburg-Clearwater, FL metro page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
34637	Land O Lakes	4.6 mi	$2,170
34639	Land O Lakes	5.5 mi	$2,410
33558	Lutz	6.3 mi	$1,860
34655	New Port Richey	7.4 mi	$2,130
34654	New Port Richey	7.5 mi	$1,930
34610	Spring Hill	7.8 mi	$1,710

Questions

What is the Fair Market Rent for ZIP code 34638?

HUD's FY2027 Small Area Fair Market Rents for 34638 are $2,320 (studio), $2,390 (1 BR), $2,780 (2 BR), $3,550 (3 BR) and $4,320 (4 BR) a month.

What is the Section 8 payment standard in 34638?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 34638 that range is $2,502 to $3,058 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 34638?

The FY2026 income limits of the Tampa-St. Petersburg-Clearwater, FL area apply: median family income $104,700, low-income (80%) limit $91,750 for a family of four.