Location: Baker County, FL | Metro: Baker County, FL HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $820 |
| 1 Bedroom | $830 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,370 |
| 4 Bedrooms | $1,540 |
| 5 Bedrooms | $1,786 |
| 6 Bedrooms | $2,000 |
| 7 Bedrooms | $2,160 |
| 8 Bedrooms | $2,268 |
U.S. Census Bureau data (2024)
ZIP 32072, located in Baker County, Florida, represents a unique opportunity within a Section 8 portfolio strategy. It is best categorized as a cash-flow anchor due to the significant spread between the Fair Market Rent (FMR) and the lack of available market data for comparison.
The HUD Metro FMR for ZIP 32072 in fiscal year 2024 is set at $1060. This figure is crucial because it defines the maximum rental amount that can be subsidized for a two-bedroom unit under the Section 8 Housing Choice Voucher program. Given the absence of current market data on rental prices and median home values, the FMR serves as a reliable benchmark for ensuring consistent cash flow.
Landlords and small-portfolio investors should focus on this ZIP code's potential as a cash-flow anchor. The guaranteed payment structure through the Section 8 program ensures steady income, which is particularly valuable in areas where market fluctuations are unpredictable or data is sparse. This makes ZIP 32072 an ideal addition to a portfolio seeking stable returns.
While there is no information on the price-cut share or days on market (DOM), these metrics typically indicate short-term volatility rather than long-term stability. ZIP 32072's low renter share of 0.0% suggests limited competition from other rental properties, which could help maintain occupancy rates. However, the lack of data on median income means that tenant qualification processes might require closer scrutiny to ensure stable tenancy and timely payments.
In conclusion, ZIP 32072 stands out as a cash-flow anchor in a Section 8 portfolio strategy. Its defined FMR of $1060 provides a predictable income stream, essential for landlords looking to stabilize their investment returns amidst uncertain market conditions. The low renter share also supports this positioning, offering a niche market with potentially fewer competing properties.
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.