Location: Lafayette County, FL | Metro: Lafayette County, FL
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,060 |
| 1 Bedroom | $1,100 |
| 2 Bedrooms | $1,200 |
| 3 Bedrooms | $1,570 |
| 4 Bedrooms | $1,580 |
| 5 Bedrooms | $1,833 |
| 6 Bedrooms | $2,053 |
| 7 Bedrooms | $2,217 |
| 8 Bedrooms | $2,328 |
U.S. Census Bureau data (2024)
The economics of Section 8 housing in ZIP code 32013 are straightforward. The SAFMR (Standard Area Fair Market Rent) for a two-bedroom apartment is set at $1,310 per month for fiscal year 2026. This figure is specifically tailored for this ZIP code, ensuring it reflects the local rental market conditions accurately.
Landlords often wonder exactly how much they will receive when a tenant uses a Section 8 voucher. The reimbursement process involves several components:
To illustrate, if a tenant has an adjusted monthly income of $1,000, they would pay $300 towards rent. The Housing Authority would then cover the remaining $1,010 of the $1,310 SAFMR, bringing the total payment to $1,310. If the actual rent exceeds the SAFMR, the landlord will not receive the excess amount from the Housing Authority. Therefore, setting your rent above the SAFMR is not beneficial unless you are willing to absorb the cost difference yourself.
In ZIP 32013, the SAFMR for a two-bedroom unit is $1,310. Since the local market rent is not specified, it's crucial for landlords to align their rents closely with this figure to ensure full reimbursement. If the market rent is higher than $1,310, landlords may face a reimbursement gap, where they either have to reduce the rent to match the SAFMR or accept the lower payment without recourse to the tenant for the difference.
Conversely, if the market rent is lower than the SAFMR, landlords might benefit from a surplus, receiving more than what they would typically charge for the unit. However, this scenario is less common and would require verification of the actual market conditions.
Given the specifics of ZIP 32013, landlords should expect a reimbursement that closely matches the SAFMR of $1,310, minus the tenant’s 30% contribution and any applicable utility allowances. To maximize profitability and avoid financial shortfalls, it is advisable to keep the rent within or slightly below the SAFMR threshold.
Data Sources: FMR data from HUD (2027). Demographics from U.S. Census (2024).
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.