Location: Union County, FL | Metro: Bradford County, FL
| Unit Size | Monthly FMR |
|---|---|
| Studio | $970 |
| 1 Bedroom | $990 |
| 2 Bedrooms | $1,220 |
| 3 Bedrooms | $1,540 |
| 4 Bedrooms | $1,750 |
| 5 Bedrooms | $2,030 |
| 6 Bedrooms | $2,274 |
| 7 Bedrooms | $2,456 |
| 8 Bedrooms | $2,579 |
U.S. Census Bureau data (2024)
The Section 8 housing market in ZIP code 32083, located in Union County, Florida, presents a unique opportunity for landlords and small-portfolio investors. The Fair Market Rent (FMR) as determined by the U.S. Department of Housing and Urban Development (HUD) for the Union County metro area in fiscal year 2026 is set at $1,350. This figure is significantly higher than the market rent reported by the Census Bureau's American Community Survey (ACS), which stands at $944.
This disparity between the HUD FMR and the actual market rent suggests that voucher tenants can cashflow positively at the FMR rate. Landlords accepting Section 8 vouchers will likely see a marginally better cashflow scenario compared to the local market average, given the higher reimbursement rates. However, it's important to note that the positive cashflow is contingent upon the condition and quality of the units being rented, as premium units might command even higher rents.
The median home value in ZIP code 32083 is not available, which makes deriving an exact rent-to-price ratio challenging. Nevertheless, the high FMR relative to the market rent indicates a strong preference for rental properties over homeownership in this area, possibly due to the lack of affordable housing options or the prevalence of seasonal residents.
The median days on market (DOM) and the percentage of homes that required price cuts are also not available. These metrics typically provide insight into the rent-versus-buy dynamics of a market. Despite this, the fact that voucher tenants can achieve positive cashflow at the HUD FMR rate implies that the rental market remains robust and stable.
The strongest investor angle in ZIP code 32083 is cashflow. Given the significant gap between the HUD FMR and the current market rent, landlords can expect a steady and reliable income stream from Section 8 voucher holders, making this a favorable investment environment for those focused on generating rental income.
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.