Location: Union County, FL | Metro: Bradford County, FL
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $880 |
| 1 Bedroom | $920 |
| 2 Bedrooms | $1,020 |
| 3 Bedrooms | $1,290 |
| 4 Bedrooms | $1,700 |
| 5 Bedrooms | $1,972 |
| 6 Bedrooms | $2,209 |
| 7 Bedrooms | $2,386 |
| 8 Bedrooms | $2,505 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,290 | $291,540 | 0.44% | F |
U.S. Census Bureau data (2024)
The ZIP code 32054 stands out with a population of 12,581 residents, where 22.2% are renters. The median income in this area is $65,870, and the median home value is notably high at $278,246. This combination suggests a relatively affluent community with a significant number of homeowners, which can impact the rental market dynamics.
For landlords and small-portfolio investors, the Federal Market Rent (FMR) for ZIP 32054 offers a critical insight into potential rental income. For fiscal year 2026, the FMR is set at $1,060, while the current market rent averages around $866 according to the Census ACS data. This discrepancy means that landlords accepting Section 8 vouchers can expect higher rents compared to the local market average, making it an attractive option for those looking to maximize their returns.
The voucher economics in ZIP 32054 favor landlords willing to participate in the Section 8 program. With a higher FMR than the actual market rent, landlords can secure a more stable and predictable income stream without the risk of non-payment. Additionally, the program provides a steady influx of tenants who have their rent subsidized, ensuring a consistent demand for rental properties.
Based on the data signature, ZIP 32054 appears to be in a stable phase. The high median home value indicates a mature housing market with established neighborhoods. While the percentage of renters is lower compared to other areas, the Section 8 voucher program presents a unique opportunity for landlords to benefit from higher rental rates guaranteed by the government. This stability is further reinforced by the fact that the FMR exceeds the market rate, providing a buffer against economic fluctuations.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.