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FY2017 Hypothetical Small Area FMRs For Martin County, FL

In metropolitan areas, HUD defines Small Areas using ZIP Codes within the metropolitan area. Using ZIP codes as the basis for FMRs provides tenants with greater ability to move into ?Opportunity Neighborhoods? with jobs, public transportation, and good schools. They also provide for multiple payment standards within a metropolitan area, and they are likely to reduce need for extensive market area rent reasonableness studies. Lastly, HUD hopes that setting FMRs for each ZIP code will reduce overpayment in lower-rent areas.

Martin County is part of the Port St. Lucie, FL MSA.

Martin County, FL Hypothetical Small Area FMRs By Unit Bedrooms
ZIP Code Efficiency One-Bedroom Two-Bedroom Three-Bedroom Four-Bedroom ZIP/CBSA Ratio
33438 $840 $1,030 $1,300 $1,780 $2,140 1.013
33455 $690 $720 $890 $1,240 $1,530 0.858
33458 $1,020 $1,250 $1,580 $2,170 $2,600 1.223
33469 $860 $1,000 $1,260 $1,740 $2,100 1.039
33475 $770 $800 $1,000 $1,400 $1,720 0.967
33478 $1,240 $1,530 $1,930 $2,650 $3,180 1.617
34956 $670 $700 $870 $1,210 $1,500 0.839
34957 $830 $860 $1,070 $1,490 $1,840 1.031
34958 $770 $800 $1,000 $1,400 $1,720 0.967
34974 $560 $610 $780 $1,080 $1,220 0.865
34990 $1,010 $1,050 $1,300 $1,810 $2,230 1.256
34991 $770 $800 $1,000 $1,400 $1,720 0.967
34992 $770 $800 $1,000 $1,400 $1,720 0.967
34994 $720 $750 $930 $1,300 $1,600 0.897
34995 $770 $800 $1,000 $1,400 $1,720 0.967
34996 $760 $790 $980 $1,370 $1,680 0.945
34997 $800 $830 $1,030 $1,440 $1,770 0.991

* Small Area FMRs presented with an asterisk are calculated in accordance with the Guidance For Preparing Comments on Small Area FMRs available at here.

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