Charlotte County, FL: Fair Market Rent 2027 and Income Limits

Official HUD figures for landlords and renters, effective October 1, 2026 (rents) and May 1, 2026 (income limits).

$1,5752-bedroom FMR, FY2027

$1,2041-bedroom FMR, FY2027

$77,20080% income limit, family of 4 (FY2026)

$97,500Median family income (FY2026)

The FY2027 Fair Market Rent for a two-bedroom unit in Charlotte County is $1,575 a month, up 7.1% from $1,470 in FY2026. Charlotte County belongs to the Punta Gorda, FL MSA FMR area, so the same figures apply across that area. FMRs are gross rents: rent plus all tenant-paid utilities except phone, cable and internet.

Fair market rent in Charlotte County by bedroom count

Unit size	FY2027 FMR	FY2026 FMR	Change	Payment standard range (90–110%)
Studio	$1,097	$1,159	−5.3%	$988 – $1,206
1 bedroom	$1,204	$1,167	+3.2%	$1,084 – $1,324
2 bedrooms	$1,575	$1,470	+7.1%	$1,418 – $1,732
3 bedrooms	$2,137	$2,041	+4.7%	$1,924 – $2,350
4 bedrooms	$2,556	$2,326	+9.9%	$2,301 – $2,811

Source: HUD Fair Market Rents FY2027 (effective October 1, 2026) and FY2026 (revised file), details.

What can a landlord charge a Section 8 tenant here?

The FMR is not a cap on what you can ask on the open market. For a Housing Choice Voucher tenant, the local housing authority sets a payment standard, normally between 90% and 110% of the FMR (or of the ZIP-level Small Area FMR where those apply). For a two-bedroom unit in Charlotte County that is typically $1,418 to $1,732 including utilities. You can charge more than the payment standard if the rent passes the housing authority's rent-reasonableness test and, at move-in, the tenant's share stays within 40% of their adjusted monthly income. Ask the housing authority for its current payment standard schedule.

Can local renters afford the fair market rent?

$45,754median income of renter households

$1,464Median gross rent, all units

38%Rent-to-income ratio (median rent ÷ median renter income)

62%of renter households pay 30% or more of income on rent

At the 30% rule, a renter household earning the local median of $45,754 can afford about $1,144 a month including utilities. The FY2027 two-bedroom Fair Market Rent of $1,575 is $431 (37.7%) more than that. To rent a two-bedroom at the FMR, a household needs $63,000 a year under the 30% rule, or $56,700 under the common landlord rule that income must be three times the rent.

Charlotte County, ACS 2020–2024	Estimate ± MOE
Median gross rent (rent + utilities)	$1,464 ±$59
Median income of renter households	$45,754 ±$4,027
Renters paying 30% or more of income (cost-burdened)	62.3% ±4.1
Renters paying 50% or more (severely cost-burdened)	29.8% ±3.8
Renter households (where the share can be computed)	13,211

Change since 2015–2019

	ACS 2015–2019	ACS 2020–2024	Change
Median gross rent	$1,032	$1,464	+41.9%
Median renter household income	$34,500	$45,754	+32.6%
Renters paying 30%+ of income	58.2%	62.3%	+4.1 pts

Rent-to-income calculator: does an applicant qualify? → · Most affordable counties to rent in this state →

Source: U.S. Census Bureau, American Community Survey 5-Year Estimates 2020–2024 and 2015–2019 (tables B25064, B25119, B25070). ± = margin of error at 90% confidence. Dollar figures are not adjusted for inflation.

Small Area FMRs by ZIP code (FY2027)

In metro areas HUD also publishes ZIP-level Small Area Fair Market Rents. Housing authorities in designated areas must use them for voucher payment standards; others may opt in. Here the two-bedroom SAFMR ranges from $1,330 to $2,130 depending on the ZIP code.

All 20 ZIP codes in this FMR area

ZIP	0 BR	1 BR	2 BR	3 BR	4 BR
33917	$1,470	$1,480	$1,770	$2,310	$2,560
33921	$1,470	$1,480	$1,770	$2,310	$2,560
33938	$1,100	$1,210	$1,580	$2,140	$2,560
33946	$1,100	$1,110	$1,390	$1,930	$2,200
33947	$1,160	$1,270	$1,660	$2,250	$2,690
33948	$1,160	$1,270	$1,660	$2,250	$2,690
33949	$1,100	$1,210	$1,580	$2,140	$2,560
33950	$1,070	$1,180	$1,540	$2,090	$2,500
33951	$1,100	$1,210	$1,580	$2,140	$2,560
33952	$1,050	$1,140	$1,490	$2,020	$2,420
33953	$1,430	$1,570	$2,050	$2,780	$3,330
33954	$1,480	$1,630	$2,130	$2,890	$3,460
33955	$1,470	$1,480	$1,820	$2,450	$2,890
33980	$1,050	$1,090	$1,430	$1,940	$2,320
33981	$1,180	$1,230	$1,610	$2,180	$2,610
33982	$1,050	$1,110	$1,450	$1,970	$2,350
33983	$1,160	$1,270	$1,660	$2,250	$2,690
34223	$1,330	$1,430	$1,690	$2,160	$2,580
34224	$990	$1,090	$1,420	$1,930	$2,300
34269	$1,120	$1,140	$1,330	$1,840	$2,120

Source: HUD FY2027 Small Area FMRs (effective October 1, 2026).

HUD income limits for Charlotte County (FY2026)

Income limits decide who qualifies for Section 8 vouchers, public housing and most HUD-assisted units. The area median family income is $97,500 (FY2025: $94,800, +2.8%). Small figures under each limit show the change from FY2025.

Household size	1 person	2 people	3 people	4 people	5 people	6 people	7 people	8 people
Extremely low income (30%)	$20,300 +10.0%	$23,200 +9.7%	$27,320 +2.5%	$33,000 +2.6%	$38,680 +2.7%	$44,360 +2.8%	$50,040 +2.9%	$55,720 +2.9%
Very low income (50%)	$33,750 +9.9%	$38,600 +9.8%	$43,450 +10.0%	$48,250 +9.9%	$52,150 +9.9%	$56,000 +9.9%	$59,850 +9.9%	$63,700 +9.9%
Low income (80%)	$54,050 +10.0%	$61,800 +10.0%	$69,500 +10.0%	$77,200 +10.0%	$83,400 +10.0%	$89,550 +9.9%	$95,750 +10.0%	$101,950 +10.0%

The 30% limit is HUD's “extremely low income” limit: the higher of 30% of median income or the federal poverty guideline, but never above the 50% limit. That is why it can rise faster than 30% of median for larger households. Tax-credit (LIHTC) properties use separate Multifamily Tax Subsidy Project limits.

Source: HUD Section 8 Income Limits FY2026 (effective May 1, 2026) and FY2025, details.