Location: Jacksonville, FL | Metro: Jacksonville, FL HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,330 |
| 1 Bedroom | $1,350 |
| 2 Bedrooms | $1,610 |
| 3 Bedrooms | $1,970 |
| 4 Bedrooms | $2,470 |
| 5 Bedrooms | $2,865 |
| 6 Bedrooms | $3,209 |
| 7 Bedrooms | $3,466 |
| 8 Bedrooms | $3,639 |
The ZIP code 32035 in Florida is an important area to analyze for landlords and small-portfolio investors interested in Section 8 tenants. Despite the lack of specific population and rental percentage data, the absence of these figures suggests that the area might be less densely populated or have incomplete reporting, which could affect the size of the potential tenant pool.
Median household income data for ZIP 32035 is also unavailable, making it challenging to directly correlate income levels with market rents. However, we can still assess the general suitability of the area for Section 8 housing based on the Fair Market Rent (FMR) figures.
The FMR for ZIP 32035 is set at $1500 for fiscal year 2024. This figure represents the maximum amount that landlords can charge for a Section 8 voucher in this area. To understand how this compares to typical market rents, we would need actual market rent data. Without it, we can infer that if market rents are below $1500, landlords may find it easier to attract tenants using vouchers, as the subsidy would cover a larger portion of the rent. Conversely, if market rents exceed $1500, landlords might struggle to find tenants willing to pay the difference between the FMR and the higher market rate.
The kind of tenant profile a landlord in ZIP 32035 should expect includes individuals and families who rely on housing choice vouchers to afford their living spaces. These tenants typically have lower incomes and are sensitive to the cost of housing. Landlords should prepare to work with the local housing authority to ensure compliance with Section 8 regulations and to manage the administrative processes associated with voucher programs.
To make informed decisions about investing in this area, landlords and investors should seek out additional data on population, rental rates, and the overall economic conditions of ZIP 32035. This will provide a clearer picture of the demand for Section 8 housing and the potential challenges and rewards of renting properties in this area.
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.