Location: Putnam County, FL | Metro: Deltona-Daytona Beach-Ormond Beach, FL HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,090 |
| 1 Bedroom | $1,250 |
| 2 Bedrooms | $1,530 |
| 3 Bedrooms | $2,020 |
| 4 Bedrooms | $2,190 |
| 5 Bedrooms | $2,540 |
| 6 Bedrooms | $2,845 |
| 7 Bedrooms | $3,073 |
| 8 Bedrooms | $3,227 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 32112, which includes Crescent City, Florida, is set at $1410 per month for fiscal year 2024. This figure represents the payment standard for Section 8 housing assistance and does not equate to the amount you can charge as rent. Instead, it is the maximum amount the Housing Choice Voucher program will pay toward a tenant's rent.
In comparison, the average rent for the area is reported at $836 according to the Census Bureau's American Community Survey (ACS). This suggests that the FMR is significantly higher than the typical rent, potentially offering a better financial outcome for landlords who participate in the Section 8 program.
The local renter share stands at 32.9%, indicating a moderate demand for rental properties. This percentage means that over one-third of households in the area are renters, presenting a consistent market for those interested in investing in rental properties.
If you're considering purchasing a property for your first Section 8 rental, the median home value in ZIP 32112 is approximately $208,716. This is the estimated price you would need to acquire a property suitable for Section 8 tenants.
Before proceeding with your investment, verify that the property meets all local and federal standards for Section 8 eligibility. This includes ensuring it passes the Housing Quality Standards (HQS) inspection, which checks for safety and habitability conditions.
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.