Location: Bradford County, FL | Metro: Jacksonville, FL HUD Metro FMR Area
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $850 |
| 1 Bedroom | $890 |
| 2 Bedrooms | $980 |
| 3 Bedrooms | $1,250 |
| 4 Bedrooms | $1,630 |
| 5 Bedrooms | $1,891 |
| 6 Bedrooms | $2,118 |
| 7 Bedrooms | $2,287 |
| 8 Bedrooms | $2,401 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $980 | $157,665 | 0.62% | D |
| 3BR | $1,250 | $249,977 | 0.5% | F |
| 4BR | $1,630 | $339,076 | 0.48% | F |
| 5BR | $1,891 | $236,537 | 0.8% | D |
U.S. Census Bureau data (2024)
ZIP 32091, located in Starke, FL, and part of the Bradford County, FL metro area, is best suited as a cash-flow anchor within a Section 8 portfolio strategy. The Federal Market Rent (FMR) for a one-bedroom unit in this ZIP code for fiscal year 2024 is set at $1170, which stands notably above the current market rent of $830. This creates a positive spread of $340 per month, directly benefiting landlords who participate in the Section 8 program.
The median home value in ZIP 32091 is $230,249, indicating a relatively affordable housing market. This can be advantageous for landlords who are looking to enter the market with a manageable investment. The significant difference between the FMR and the market rent ensures that landlords receive a higher rental income than what they would typically get from the local market, thus stabilizing their cash flow.
Furthermore, the ZIP code has a 0.3% price-cut share, which means that only a small fraction of listings require price adjustments to attract tenants. This suggests a stable demand for rental properties in the area, reducing the risk of vacancies and ensuring consistent cash flow. The N/A-day Days on Market (DOM) implies that homes are selling quickly once listed, but this metric is less relevant for rental properties.
ZIP 32091 also has a 34.0% renter share, meaning over one-third of the population rents their homes, providing a substantial tenant pool. The median income of $62,852 supports the ability of residents to pay the higher Section 8 rates, making the ZIP code an ideal location for landlords seeking reliable, higher-than-market rental income.
In conclusion, ZIP 32091 serves as a strong cash-flow anchor due to the favorable spread between the FMR and market rent, coupled with a stable rental market and sufficient tenant demand. Landlords and small-portfolio investors should consider this ZIP code for its potential to provide steady, above-average rental income.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.