Location: Suwannee County, FL | Metro: Suwannee County, FL
| Unit Size | Monthly FMR |
|---|---|
| Studio | $920 |
| 1 Bedroom | $960 |
| 2 Bedrooms | $1,050 |
| 3 Bedrooms | $1,400 |
| 4 Bedrooms | $1,480 |
| 5 Bedrooms | $1,717 |
| 6 Bedrooms | $1,923 |
| 7 Bedrooms | $2,077 |
| 8 Bedrooms | $2,181 |
U.S. Census Bureau data (2024)
The ZIP code 32064 presents a dynamic rental market with clear implications for housing pressures and investment opportunities. The Fair Market Rent (FMR) stands at $1,160, reflecting the metro area's fiscal year 2026 standards, while the actual market rent is recorded at $920 according to the Census ACS. This discrepancy suggests that there is room for rental rates to rise towards the FMR, indicating potential demand that isn't fully met by current supply.
The 0.1% price-cut share is an indicator of strong tenant interest. Landlords in this market rarely need to reduce their asking rents to attract tenants, which points to a scenario where demand is robust enough to support current pricing without significant adjustments. This stability is further reinforced by the lack of data on days on market (DOM), suggesting that homes and units are generally occupied or quickly leased.
A median home value of $181,743 places this ZIP code within a range that could be attractive to first-time buyers and investors alike. However, the 57.2% renter share provides a crucial insight into the long-term dynamics of the housing market. Such a high percentage of renters implies sustained pressure on the rental market, as a significant portion of the population is likely to remain in rented accommodation due to affordability or lifestyle choices. This trend supports the idea that rental properties will continue to be in high demand, potentially limiting the number of homes available for purchase and driving up the value of rental investments.
In summary, ZIP 32064 appears to be a market where demand is at least matching, if not slightly exceeding, supply, particularly in the rental sector. The high renter share and stable rental prices suggest a resilient market that is likely to offer consistent returns for landlords and small-portfolio investors. The gap between the FMR and current market rent also indicates a potential for upward pressure on rental rates, aligning with the overall health of the local economy and housing preferences.
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.