Location: Putnam County, FL | Metro: Putnam County, FL
| Unit Size | Monthly FMR |
|---|---|
| Studio | $840 |
| 1 Bedroom | $840 |
| 2 Bedrooms | $1,100 |
| 3 Bedrooms | $1,420 |
| 4 Bedrooms | $1,500 |
| 5 Bedrooms | $1,740 |
| 6 Bedrooms | $1,949 |
| 7 Bedrooms | $2,105 |
| 8 Bedrooms | $2,210 |
U.S. Census Bureau data (2024)
The real estate landscape in ZIP code 32193 presents a nuanced picture for landlords and small-portfolio investors. With a median home value of $262,065, the market appears stable but cautious. The fact that only 0.2% of listings have been reduced suggests a seller's market where pricing power remains firmly in the hands of homeowners. This minimal reduction rate indicates that buyers are willing to meet asking prices, which bodes well for maintaining or slightly increasing property values.
However, the absence of data on median days on the market (DOM) could imply a few scenarios. It might suggest that properties are selling quickly, reinforcing the strong seller's market narrative. Alternatively, it could indicate that the market is experiencing some volatility, making it difficult to establish a reliable trend. In either case, the current data points to a resilient housing market with steady demand.
On the rental side, the Federal Market Rent (FMR) for the metro area in fiscal year 2026 is projected at $1,220, while the current market average stands at $1,000. This gap signals potential upward pressure on rents as the market adjusts to the higher FMR levels. Landlords should be prepared for rent increases in the coming years, aligning their rates with the anticipated FMR to remain competitive and profitable.
For long-hold investors, the setup implies a realistic appreciation thesis based on the expected growth in both home values and rental rates. As the FMR rises, so too will the demand for rental properties, driving up occupancy rates and rental income. Simultaneously, the stability of the median home value and the low percentage of price reductions suggest that home prices are likely to maintain their current trajectory or see modest growth, providing a solid foundation for capital appreciation.
In conclusion, the current data paints a picture of a robust real estate market in ZIP 32193. Homeowners can expect to retain significant pricing power, and landlords will benefit from rising rents. Long-term investors should find the market conditions favorable for both rental income growth and capital appreciation, positioning ZIP 32193 as an attractive investment opportunity for the foreseeable future.
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.