FY2027 Small Area FMR · Okeechobee, FL
ZIP 34974 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 34974 (Okeechobee, FL) is $1,590 a month, up 8.2% from FY2026. That is 23% below the Port St. Lucie, FL area-wide FMR of $2,069.
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 34974 sits in the Port St. Lucie, FL area
Of the 37 ZIP codes HUD lists for the area, 34974 has the 33rd highest two-bedroom Small Area FMR. Port St. Lucie, 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 $2,069 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,590 for this ZIP code instead.
ZIP code 34974 crosses more than one HUD area. HUD also lists it under Sebring, FL (same figures), Glades County, FL (same figures) and Okeechobee County, 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 | $1,310 | $1,179 – $1,441 | $1,707 | $1,180 |
| 1 bedroom | $1,330 | $1,197 – $1,463 | $1,718 | $1,230 |
| 2 bedrooms | $1,590 | $1,431 – $1,749 | $2,069 | $1,470 |
| 3 bedrooms | $2,180 | $1,962 – $2,398 | $2,801 | $2,040 |
| 4 bedrooms | $2,330 | $2,097 – $2,563 | $2,924 | $2,220 |
A household renting a two-bedroom home at the Small Area FMR of $1,590 needs about $63,600 a year to keep housing costs at 30% of income. The area median family income is $102,000 and the 80% low-income limit for four people is $81,900. ZIP code 34974 lies mainly in Glades County, Okeechobee County and Martin County. See the Port St. Lucie, 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 34974?
HUD's FY2027 Small Area Fair Market Rents for 34974 are $1,310 (studio), $1,330 (1 BR), $1,590 (2 BR), $2,180 (3 BR) and $2,330 (4 BR) a month.
What is the Section 8 payment standard in 34974?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 34974 that range is $1,431 to $1,749 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 34974?
The FY2026 income limits of the Port St. Lucie, FL area apply: median family income $102,000, low-income (80%) limit $81,900 for a family of four.