Section 8 Fair Market Rent (FMR) for ZIP 32145 - 2027

Location: Putnam County, FL | Metro: Palm Coast, FL HUD Metro FMR Area

Investment Score for ZIP 32145

Monthly Rent (2BR)

$1,280

Median Price (2BR)

$173,401

1% Rule

0.74%

Annual Yield

8.86%

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,060
1 Bedroom	$1,070
2 Bedrooms	$1,280
3 Bedrooms	$1,570
4 Bedrooms	$1,960
5 Bedrooms	$2,274
6 Bedrooms	$2,547
7 Bedrooms	$2,751
8 Bedrooms	$2,889

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
2BR	$1,280	$173,401	0.74%	D
3BR	$1,570	$286,263	0.55%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

5,759

Median Household Income

$75,557

Housing Units

2,475

Renter Percentage

29.9%

Occupancy Rate

87.5%

Renter Occupied

648

The ZIP code 32145, located in Hastings, Florida, offers a unique blend of rural charm and accessibility to urban amenities, making it an attractive market for real estate investors. Situated in a region known for its natural beauty and outdoor recreational opportunities, the area benefits from steady population growth and a strong demand for rental properties.

Fair Market Rent (FMR): The Fair Market Rent for ZIP 32145 is set at $1280 for a two-bedroom apartment in fiscal year 2024, indicating a robust rental market that can support higher rents.
Market Rent: According to Census ACS data, the average market rent in the area is $1,113, slightly below the FMR but still competitive within the local context.
Median Home Value: The median home value in ZIP 32145 stands at $280,384, reflecting a moderate cost of entry for homeownership that also supports investment opportunities in rental properties.
Renter Share: With 29.9% of residents being renters, there is a notable demand for rental housing, suggesting that landlords and small-portfolio investors can find a reliable tenant base.
Days on Market (DOM): The data does not provide a specific figure for the average days on market, which could indicate either a highly efficient sales process or a lack of recent sales data. This ambiguity should be considered when evaluating property liquidity.
Median Income: The median household income in the area is $75,557, providing a solid economic foundation for both tenants and homeowners.

In summary, ZIP 32145 presents a balanced opportunity for real estate investment. The disparity between the Fair Market Rent and the actual market rent suggests potential for rental price increases, especially if supply remains constrained. The high renter share and median income levels support the feasibility of renting out properties at higher rates. However, the absence of days on market data means investors must carefully assess the local market dynamics to ensure liquidity. Overall, Hastings, FL, is a promising location for those looking to enter or expand their rental portfolio with confidence.

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.