Housing market/Florida/ZIP 34221
ZIP 34221 Palmetto, Florida
North Port-Bradenton-Sarasota, FL MSA · Florida. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.
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HUD schedule, ACS stock, and the 90–110% band for ZIP 34221 · FL — sent to you.
ZIP 34221 · FL
ACS rent vs 2BR SAFMR
ZIP 34221 — Palmetto, FL HUD Section 8 Payment Standards / SAFMR →ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.
Housing stock
ACS 2023 units-in-structure · ZCTA 34221
- 1-unit detached14,36758.2%
- 1-unit attached9103.7%
- 2–4 units5892.4%
- 5–49 units1,1584.7%
- 50+ units7473.0%
- Mobile6,92228.0%
2–4 unit share 2.4% · 5–49 unit share 4.7% · combined 2–49 7.0%.
Units by bedrooms
Rent burden
- ACS median gross rent $1,459 (all bedrooms, occupied rentals).
- Median contract rent $1,220.
- Renters paying ≥30% of income 53.2%; ≥50% 29.6%.
- FY2027 2BR SAFMR $2,050 (1.405× ACS median gross rent).
Population
54,923 residents · ACS 2023
Change versus the 2018 ACS 5-year estimate: +24.0%.
ACS 5-year estimates lag current construction. This is not a forecast.
Assisted inventory
- LIHTC: 2 projects, 245 units.
- HUD project-based assisted MF: 3 properties, 207 assisted units.
- HCV household counts (Picture of Subsidized Households) are not on this page yet.
New apartment permits
About 3,645 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.
Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.
What the data shows
ZIP 34221 19.5% of occupied households are renters; vacancy is 17.7%; ACS median gross rent is $1,459; population increased +24.0% between the 2018 and 2023 ACS vintages; the housing stock includes 589 units in 2–4-unit structures and 1,158 units in 5–49-unit structures; 2 LIHTC projects totaling 245 units; FY2027 2BR SAFMR is $2,050 versus ACS median gross rent of $1,459. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.
Florida research
ZIP 34221 is a Census / HUD profile for North Port-Bradenton-Sarasota, FL. Not a listing page. Brokerage is Georgia; out-of-state work is referral.
ZIP 34221 — Palmetto, FL HUD Section 8 Payment Standards / SAFMR·Florida ZIP directory
Nearby ZIPs in this FMR area
Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is Florida research. Brokerage is Georgia.
FAQ
What is the housing market like in ZIP 34221?
ZIP 34221 (North Port-Bradenton-Sarasota, FL MSA) has 54,923 residents, 20,419 households, a renter share of 19.5%, median household income of $74,314, and ACS 2023 median gross rent of $1,459. Vacancy is 17.7%. These are ZCTA estimates, not a property rent roll.
How much small multifamily housing is in 34221?
ACS counts 395 units in 2-unit buildings, 194 in 3–4 unit buildings, 129 in 5–9, 359 in 10–19, and 670 in 20–49. Combined 2–49 unit stock is 1,747 units. This is occupied-and-vacant stock, not listings for sale.
What is the Section 8 rent in 34221?
The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $2,050. See the full schedule and 90–110% payment-standard band on the ZIP 34221 — Palmetto, FL HUD Section 8 Payment Standards / SAFMR.
Does this Florida ZIP profile include Georgia listings?
No. ZIP 34221 is Census / HUD research for North Port-Bradenton-Sarasota, FL MSA. Jeff Crowe CRE does not list Florida property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.