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 | $950 |
| 1 Bedroom | $960 |
| 2 Bedrooms | $1,150 |
| 3 Bedrooms | $1,410 |
| 4 Bedrooms | $1,760 |
| 5 Bedrooms | $2,042 |
| 6 Bedrooms | $2,287 |
| 7 Bedrooms | $2,470 |
| 8 Bedrooms | $2,594 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,150 | $89,392 | 1.29% | A |
| 3BR | $1,410 | $127,955 | 1.1% | B |
| 4BR | $1,760 | $216,066 | 0.81% | C |
| 5BR | $2,042 | $264,335 | 0.77% | D |
U.S. Census Bureau data (2024)
The real estate landscape in ZIP 32206, Jacksonville, FL, is poised for stability and potential growth over the next 12-24 months. The median home value stands at $129,158, indicating a relatively affordable market. With only 0.3% of listings having been reduced, it's clear that sellers are maintaining strong pricing power, unwilling to lower their asking prices significantly despite market conditions. This suggests a seller's market where demand is likely to remain steady or increase slightly, supporting current home values.
The N/A-day median days on market (DOM) reflects either an extremely active market where homes sell quickly, often before DOM can be accurately measured, or a situation where there isn't enough data to provide a reliable median. Either way, it points to a brisk pace of sales, which is favorable for pricing power and indicates that homes are attractive to buyers in this area.
On the rental side, the Federal Market Rent (FMR) for ZIP 32206 is projected at $1,170 for fiscal year 2024, while the current Zillow Observed Rental Index (ZORI) sits at $1,283. This gap signals that rental properties are currently commanding higher rates than the government's benchmark, suggesting a robust rental market. Landlords and small-portfolio investors should expect to maintain or even slightly increase rental income, given the current market conditions.
For long-term investors, the setup in ZIP 32206 supports a cautious but optimistic appreciation thesis. While the median home value is already low, the strong seller's market and high rental rates indicate that there is little room for significant price drops. In fact, the market appears to be resilient, with potential for gradual appreciation as the area continues to attract both buyers and renters. The combination of stable pricing power and a healthy rental market makes ZIP 32206 a viable investment opportunity, especially for those looking to hold properties for the long term.
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.