FMR Lookup › Florida › Cape Coral-Fort Myers
Section 8 Fair Market Rent in Cape Coral-Fort Myers, FL (FY2027)
HUD's official FY2027 Fair Market Rents for the Cape Coral-Fort Myers, FL MSA, by bedroom count. These figures set the baseline for what the Housing Choice Voucher program pays landlords in this area.
| Unit size | FY2027 FMR | Payment standard range (90–110%) |
|---|---|---|
| Studio / efficiency | $1,555 | $1,400 – $1,711 |
| 1 bedroom | $1,564 | $1,408 – $1,720 |
| 2 bedrooms | $1,835 | $1,652 – $2,019 |
| 3 bedrooms | $2,373 | $2,136 – $2,610 |
| 4 bedrooms | $2,615 | $2,354 – $2,877 |
Source: HUD User — FY 2027 Fair Market Rents. FY2027 FMRs are effective October 1, 2026. FY2027 FMRs take effect October 1, 2026; until that date, the prior FY2026 schedule remains in effect. Retrieved 2026-09-07.
How this market compares
The 2-bedroom FMR here is $1,835 — 41% above the Florida median of $1,304 across all 52 FMR areas in the state.
Counties and towns covered
The Cape Coral-Fort Myers, FL FMR area is a metro area covering: Lee County. One FMR applies across the whole area — HUD does not publish separate figures per city or ZIP here (some large metros have Small Area FMRs by ZIP; check with the local housing authority).
What a landlord actually collects
FMR is the baseline, not the contract rent. The local housing authority sets a payment standard between 90% and 110% of FMR (the range in the table above), and your unit must pass a rent-reasonableness comparison against similar unassisted rentals nearby. The voucher then covers the gap between the tenant's share (roughly 30% of their income) and the approved rent.
Run the numbers for a deal in Cape Coral-Fort Myers: Section 8 vs market rent, DSCR, or cash-on-cash return.
Comparable Florida markets by 2BR FMR
| FMR area | 1 BR | 2 BR | 3 BR |
|---|---|---|---|
| Palm Bay-Melbourne-Titusville | $1,525 | $1,779 | $2,382 |
| Crestview-Fort Walton Beach-Destin | $1,706 | $1,908 | $2,616 |
| Palm Coast | $1,376 | $1,758 | $2,361 |
| Tampa-St. Petersburg-Clearwater | $1,648 | $1,917 | $2,448 |
| Orlando-Kissimmee-Sanford | $1,726 | $1,959 | $2,445 |
| Jacksonville | $1,421 | $1,694 | $2,077 |
Informational only — not financial, legal, or lending advice. Confirm current payment standards with the housing authority serving Cape Coral-Fort Myers.