Location: Jacksonville, FL | Metro: Jacksonville, FL HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,430 |
| 1 Bedroom | $1,450 |
| 2 Bedrooms | $1,730 |
| 3 Bedrooms | $2,120 |
| 4 Bedrooms | $2,650 |
| 5 Bedrooms | $3,074 |
| 6 Bedrooms | $3,443 |
| 7 Bedrooms | $3,718 |
| 8 Bedrooms | $3,904 |
The rent math for ZIP 32067 in Jacksonville, Florida, does not provide a clear comparison due to the absence of market rent data. The Fair Market Rent (FMR) set by HUD for the fiscal year 2024 is $1670. However, without current market rent figures, it's impossible to determine if this aligns with what tenants are willing to pay.
Regarding acquisition affordability, the analysis is hampered by missing key metrics such as the median home value, days on market (DOM), and the percentage of homes that require price cuts. These data points are essential for assessing whether properties can be acquired at reasonable costs and sold or rented profitably.
Tenant demand in ZIP 32067 cannot be accurately gauged due to the lack of population and renter share percentages. To make an informed decision, landlords and investors need to know the size of the potential tenant pool and the proportion of residents who are renters.
In conclusion, while the HUD Fair Market Rent for ZIP 32067 is established at $1670, the incomplete data on market rents, median home values, days on market, price cut shares, population, and renter share percentages make it difficult to recommend investment in this area with confidence. Additional research is necessary to fill these data gaps and provide a comprehensive analysis.
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.