Location: Putnam County, FL | Metro: Putnam County, FL
| Unit Size | Monthly FMR |
|---|---|
| Studio | $800 |
| 1 Bedroom | $800 |
| 2 Bedrooms | $1,050 |
| 3 Bedrooms | $1,350 |
| 4 Bedrooms | $1,420 |
| 5 Bedrooms | $1,647 |
| 6 Bedrooms | $1,845 |
| 7 Bedrooms | $1,993 |
| 8 Bedrooms | $2,093 |
The market analysis for Section 8 investors in ZIP code 32007, located in Putnam County, Florida, reveals several key points regarding the financial viability of renting properties under the Federal Housing Administration's Fair Market Rent (FMR) guidelines. For fiscal year 2026, HUD has set the FMR at $1,160 for the metro area, which is the amount that voucher tenants can contribute towards rent. However, due to the lack of specific market rent data for this ZIP code, it is challenging to provide an exact comparison.
Based on the available HUD FMR, voucher tenants will cashflow at FMR levels in this area, assuming the FMR is reflective of the actual market conditions. This means that landlords can expect to break even or slightly profit from their rental income without needing to rely on premium units to cover costs. The absence of market rent data makes it difficult to determine if there is a significant gap between the FMR and the local market rates, but the FMR provides a solid benchmark for pricing rentals.
Additionally, the median home value in the area is not provided, which would be necessary to calculate the rent-to-price ratio. This ratio helps investors understand how rental income compares to property values, indicating whether buying or renting is more financially advantageous. Without this figure, it is impossible to accurately assess the rent-to-price ratio, though it remains a critical metric for long-term investment strategies.
The days on market (DOM) and price-cut share data are also not available, making it difficult to assess the broader real estate market dynamics. These metrics are important for understanding the speed at which homes sell and the frequency of price reductions, both of which can impact the buy-versus-rent decision. However, given the current HUD FMR and the assumption that it aligns closely with market rents, the focus should be on the stability and predictability of rental income.
The strongest investor angle in this market is likely to be stability. With voucher tenants providing a guaranteed income source at or near the FMR, investors can count on steady cash flow without the volatility often associated with market-rate rentals. This predictability is particularly valuable for small-portfolio investors looking to diversify their holdings or for landlords seeking a reliable income stream.
Data Sources: FMR data from HUD (2027).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.