Location: Putnam County, FL | Metro: Putnam County, FL
| Unit Size | Monthly FMR |
|---|---|
| Studio | $800 |
| 1 Bedroom | $810 |
| 2 Bedrooms | $1,050 |
| 3 Bedrooms | $1,360 |
| 4 Bedrooms | $1,440 |
| 5 Bedrooms | $1,670 |
| 6 Bedrooms | $1,870 |
| 7 Bedrooms | $2,020 |
| 8 Bedrooms | $2,121 |
U.S. Census Bureau data (2024)
0.0% of the residents in ZIP code 32147 are renters, indicating a predominantly owner-occupied market. This statistic is crucial for landlords and small-portfolio investors considering the area, as it suggests limited demand for rental properties. In contrast, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,130, which represents the upper limit landlords can charge for Section 8 vouchers in this region. However, the absence of data on market rent and median home values means that investors must rely on local real estate agents or additional research to understand the true economic landscape. The lack of information on days on market (DOM) and the percentage of price-cut share further underscores the need for careful investigation before investing. Given the low renter share and the specific FMR figure, landlords in ZIP 32147 should adjust their expectations accordingly. The median income data being unavailable adds another layer of uncertainty, but it's clear that the rental market is not robust. With these considerations, the Section 8 program in 32147 appears to be a niche opportunity rather than a primary investment strategy.
0.0% renter share also implies that there might be challenges in finding tenants willing to pay the FMR of $1,130, especially if the local economy does not support such rents. For small-portfolio investors looking to diversify, this ZIP code may offer limited opportunities due to its unique market conditions. The absence of typical real estate metrics like market rent and median home values makes it difficult to gauge the overall health of the housing market, suggesting that investors should proceed with caution and seek out detailed local insights.
Given the data, the Section 8 verdict for ZIP 32147 is that it presents a specialized investment scenario with a very limited rental market, making it suitable only for those who can navigate the intricacies of the program and the local housing dynamics effectively.
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.