Location: Jacksonville, FL | Metro: Jacksonville, 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 | $1,260 |
| 1 Bedroom | $1,270 |
| 2 Bedrooms | $1,520 |
| 3 Bedrooms | $1,860 |
| 4 Bedrooms | $2,330 |
| 5 Bedrooms | $2,703 |
| 6 Bedrooms | $3,027 |
| 7 Bedrooms | $3,269 |
| 8 Bedrooms | $3,432 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $1,270 | $164,338 | 0.77% | D |
| 2BR | $1,520 | $225,150 | 0.68% | D |
| 3BR | $1,860 | $257,713 | 0.72% | D |
| 4BR | $2,330 | $367,787 | 0.63% | D |
| 5BR | $2,703 | $847,785 | 0.32% | F |
U.S. Census Bureau data (2024)
45.2% of residents in ZIP code 32205 in Jacksonville, FL, are renters, indicating a significant demand for rental properties. The $1490 Fair Market Rent (FMR) set for the area in fiscal year 2024 reflects the subsidized housing rate for Section 8 participants. Meanwhile, the $1,542 Zillow Observed Rental Index (ZORI) provides insight into the average market rent, showing that landlords can potentially charge slightly above the Section 8 rate. With a median home value of $255,226, property values in the area remain relatively stable, making it a good investment for those looking to purchase rental properties. However, the $64,789 median income suggests that many residents might be eligible for assistance programs such as Section 8. The 70-day Days on Market (DOM) statistic indicates that it takes approximately two and a quarter months for a typical rental property to find a tenant, which is a moderate timeframe but could impact cash flow for small-portfolio investors. Additionally, the 0.3% price-cut share shows that very few landlords need to reduce their rents to attract tenants, suggesting that the market remains competitive and steady. Given these factors, the verdict for Section 8 participation in ZIP 32205 is positive, as the demand for affordable housing is high and the market conditions support reasonable profitability.
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.