Section 8 Fair Market Rent (FMR) for ZIP 32136 - 2027

Location: Palm Coast, FL | Metro: Deltona-Daytona Beach-Ormond Beach, FL HUD Metro FMR Area

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,160
1 Bedroom	$1,290
2 Bedrooms	$1,630
3 Bedrooms	$2,230
4 Bedrooms	$2,520
5 Bedrooms	$2,923
6 Bedrooms	$3,274
7 Bedrooms	$3,536
8 Bedrooms	$3,713

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

8,363

Median Household Income

$78,818

Housing Units

5,509

Renter Percentage

12.3%

Occupancy Rate

74.0%

Renter Occupied

501

Housing Authorities Serving ZIP 32136

Housing Authority of City of Daytona Beach (Daytona Beach, FL) - 1,884 Section 8 vouchers
DeLand Housing Authority (Deland, FL) - 1,013 Section 8 vouchers
Housing Authority of New Smyrna Beach (New Smyrna Beach, FL) - 516 Section 8 vouchers
Housing Authority of the County of Flagler (Bunnell, FL) - 399 Section 8 vouchers
County of Volusia Dept. of Community Services (Deland, FL) - 366 Section 8 vouchers
Ormond Beach Housing Authority (Ormond Beach, FL) - 213 Section 8 vouchers

Flagler Beach, FL, located in ZIP code 32136, is a coastal community known for its natural beauty and relaxed lifestyle. This area attracts both retirees and young professionals, creating a diverse rental market. The following analysis provides key insights for landlords and small- portfolio investors based on recent data.

The Fair Market Rent (FMR) for a two-bedroom apartment in Flagler Beach for fiscal year 2024 is set at $1,330.
The market rent, as indicated by Zillow's ZORI index, stands at $1,751, reflecting the actual rents charged in the area.
The median home value in Flagler Beach is $453,235, which places it within a moderate range for real estate investment.
Renters make up 12.3% of the housing market, suggesting a significant but not overwhelming demand for rentals.
The days on market (DOM) for rental properties is 78 days, indicating that units take slightly longer than average to find tenants.
The median household income in the area is $78,818, providing a stable economic base for rental income potential.

The data points highlight a balanced rental market in Flagler Beach. With a higher market rent compared to the FMR, there is room for landlords to charge premium rates. However, the relatively low renter share suggests competition from homeownership. The extended DOM indicates that landlords should focus on property differentiation and marketing to attract tenants promptly. Given the median income, residents have the financial capacity to support higher rents, making Flagler Beach a viable investment opportunity for those looking to enter or expand their presence in the local rental market.

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.