Location: Putnam County, FL | Metro: Putnam County, FL
| Unit Size | Monthly FMR |
|---|---|
| Studio | $800 |
| 1 Bedroom | $800 |
| 2 Bedrooms | $1,050 |
| 3 Bedrooms | $1,350 |
| 4 Bedrooms | $1,420 |
| 5 Bedrooms | $1,647 |
| 6 Bedrooms | $1,845 |
| 7 Bedrooms | $1,993 |
| 8 Bedrooms | $2,093 |
The classification of ZIP code 32178 in Florida hinges on the available data regarding the Fair Market Rent (FMR), which stands at $1,160 for the metro area for fiscal year 2026. However, the specific market rent and home values are not available, making a precise yield assessment challenging. Stability indicators such as the percentage of renters, days on market (DOM), and median income also lack specific figures, complicating the overall market stability evaluation.
Given that the FMR is known and set at $1,160, landlords and small-portfolio investors can expect a rental rate that aligns with this benchmark. The absence of market rent data suggests that the local rental market may be less developed or less studied compared to other areas, indicating potential for both opportunity and risk. Without concrete market rent figures, it's difficult to determine if the ZIP code offers higher yields than the FMR, which would typically signal a more dynamic and potentially lucrative market.
The missing data on home values implies an unclear picture of property appreciation potential, which is crucial for long-term investment strategies. This ZIP code cannot be confidently classified as a high-yield market due to insufficient market-specific data. It also cannot be labeled as a low-stability market purely based on the lack of DOM and median income figures. Stability often requires a deeper understanding of the local economy and housing market dynamics.
In conclusion, ZIP 32178 appears to fall into a category that is neither clearly high-yield nor low-stability. The known FMR provides a baseline for rental pricing, but without additional market-specific data, it is impossible to make a definitive call on whether it represents a steady-cashflow zone or a speculative market. Investors should proceed with caution, seeking out detailed local market analysis before committing capital.
Data Sources: FMR data from HUD (2027).
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.