What is the Fair Market Rent in Palmetto Bay, FL?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home runs from $2,310 to $3,290 a month across the 2 ZIP codes that cover Palmetto Bay.

By ZIP code: 33158 $3,290, 33157 $2,310.

Across the whole Miami-Miami Beach-Kendall, FL HUD Metro FMR Area the two-bedroom figure is $2,564.

The Census Bureau’s median gross rent for a two-bedroom home in Palmetto Bay is $2,204 (±$252), below the Small Area figure for ZIP 33158.

Figures last updated on November 12, 2026.

2 bedrooms, whole area: $2,564
2 bedrooms, ZIP 33158: $3,290
2 bedrooms, ZIP 33157: $2,310

Fair Market Rents for Palmetto Bay, fiscal year 2027

HUD Fair Market Rent, dollars a month (gross rent, including utilities), beside the Census Bureau’s median gross rent for each ZIP code
	Studio	1 bedroom	2 bedrooms	3 bedrooms	4 bedrooms	Census median rent
Miami-Miami Beach-Kendall, FL HUD Metro FMR Area (whole area)	$1,953	$2,121	$2,564	$3,277	$3,749	—
ZIP 33158 (87% of the ZIP’s land is in this place)	$2,470	$2,700	$3,290	$4,220	$4,870	$3,500 or more
ZIP 33157 (38% of the ZIP’s land is in this place)	$1,760	$1,910	$2,310	$2,950	$3,380	$1,653

A Fair Market Rent is HUD’s estimate of the gross rent (shelter plus utilities) of a modest rental home in the area.

Whether a housing authority uses the ZIP code (Small Area) figures or the area-wide one depends on whether HUD has designated the area for Small Area FMRs or the authority has opted in; ask the local housing authority which applies.

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Questions about Palmetto Bay

What is the Section 8 payment standard in Palmetto Bay?

Housing authorities set payment standards between 90% and 110% of HUD’s Fair Market Rent; for fiscal year 2027, the two-bedroom Fair Market Rent for the Miami-Miami Beach-Kendall, FL HUD Metro FMR Area is $2,564, and the Small Area figure for 33158 is $3,290.

What is the Fair Market Rent for a two-bedroom in ZIP 33158?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 33158 is $3,290 a month; the Census Bureau’s median gross rent across that ZIP code, for homes of every size, is $3,500 or more.

What is the Fair Market Rent for a two-bedroom in ZIP 33157?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 33157 is $2,310 a month; the Census Bureau’s median gross rent across that ZIP code, for homes of every size, is $1,653 (±$83).

What is the Fair Market Rent for a one-bedroom in Palmetto Bay?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a one-bedroom home in ZIP 33158 is $2,700 a month, against $2,121 across the Miami-Miami Beach-Kendall, FL HUD Metro FMR Area.

Sources

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.