Location: Suwannee County, FL | Metro: Suwannee County, FL
| Unit Size | Monthly FMR |
|---|---|
| Studio | $930 |
| 1 Bedroom | $970 |
| 2 Bedrooms | $1,120 |
| 3 Bedrooms | $1,390 |
| 4 Bedrooms | $1,510 |
| 5 Bedrooms | $1,752 |
| 6 Bedrooms | $1,962 |
| 7 Bedrooms | $2,119 |
| 8 Bedrooms | $2,225 |
U.S. Census Bureau data (2024)
The ZIP code 32071 stands out due to its unique mix of demographics and housing economics. With a population of 4,186, it has a relatively low rental rate at 13.7%, indicating that most residents own their homes. The median income of $57,261 suggests a middle-class community, while the median home value of $319,769 indicates a higher cost of homeownership compared to the national average.
Regarding the Section 8 voucher program, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,240. However, specific market rent data for ZIP 32071 is currently unavailable. This discrepancy means that landlords in this ZIP code must rely on regional estimates to gauge the potential financial impact of accepting vouchers. Despite the lack of precise local market data, the FMR can still serve as a benchmark for setting rental rates that align with federal guidelines.
The data signature for ZIP 32071 reads as stable. The high median home value alongside a moderate median income implies a well-established community where homeownership is a significant factor. The low rental rate further supports this stability, suggesting that any transitional changes would likely be gradual rather than sudden. For landlords and small-portfolio investors, this stability offers a predictable environment for long-term investment planning, particularly when considering the Section 8 program as part of their rental strategy.
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.