Location: Suwannee County, FL | Metro: Suwannee County, FL
| Unit Size | Monthly FMR |
|---|---|
| Studio | $880 |
| 1 Bedroom | $920 |
| 2 Bedrooms | $1,000 |
| 3 Bedrooms | $1,340 |
| 4 Bedrooms | $1,420 |
| 5 Bedrooms | $1,647 |
| 6 Bedrooms | $1,845 |
| 7 Bedrooms | $1,993 |
| 8 Bedrooms | $2,093 |
U.S. Census Bureau data (2024)
ZIP code 32062, located within Suwannee County, FL, has an FMR of $1,100 for fiscal year 2026. This figure represents the Fair Market Rent, which is the maximum amount that HUD will allow for payment toward rent in the area. The lack of market rent and home value data for this specific ZIP code makes direct comparisons to other ZIP codes within Suwannee County challenging. However, we can infer some characteristics based on the available data.
The 26.1% renter share in ZIP 32062 is notable. In general, a higher percentage of renters can indicate a greater demand for affordable housing options, which is where Section 8 plays a significant role. Given the FMR of $1,100, this suggests that the rental market in 32062 is likely aligned with what is considered affordable for low-income families receiving Section 8 assistance. Without specific market rent and home value figures, it's reasonable to assume that ZIP 32062 could be a value pocket within the Suwannee County, FL metro, particularly if the surrounding areas have higher home values and rents.
A value pocket typically refers to an area where properties are relatively cheaper compared to the broader market, making them attractive to investors looking for good returns. The combination of a defined FMR and a substantial renter share points towards a neighborhood where the demand for subsidized housing is strong. If the home values and market rents in the rest of Suwannee County are higher, then 32062 would indeed stand out as a value pocket, especially appealing to those interested in Section 8 investments.
To definitively classify ZIP 32062 as a value pocket, mid-tier neighborhood, or premium sub-market, more comprehensive data on market rents and home values across all ZIP codes in Suwannee County would be necessary. Nonetheless, the current figures suggest that it leans towards being a value pocket, given the alignment with FMR and the potentially lower cost of living relative to the broader county.
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.