Location: Palm Coast, FL | Metro: Deltona-Daytona Beach-Ormond Beach, FL HUD Metro FMR Area
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| 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 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,630 | $238,861 | 0.68% | D |
| 3BR | $2,230 | $378,997 | 0.59% | F |
| 4BR | $2,520 | $504,147 | 0.5% | F |
U.S. Census Bureau data (2024)
The median home value in ZIP 32180, Pierson, FL, is $310,300. In contrast, the HUD Fair Market Rent (FMR) for the area is set at $1,180 for fiscal year 2024, while the market rent, according to Census ACS data, stands at $981. This indicates that voucher tenants would typically cashflow at the HUD FMR rate, as it exceeds the average market rent by about $200 per month.
The rent-to-price ratio derived from these figures suggests a rental market where properties are priced relatively higher compared to their rental yields. This ratio can be calculated as follows: $981 (market rent) divided by $310,300 (median home value) equals approximately 0.316%, indicating a low rental yield relative to property values.
Note that the median days on market (DOM) and the percentage of price cuts are not available for this analysis. However, given the current data, the strongest investment angle in ZIP 32180 is likely to be cashflow, due to the discrepancy between the HUD FMR and the actual market rent.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.