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 | $1,030 |
| 1 Bedroom | $1,040 |
| 2 Bedrooms | $1,240 |
| 3 Bedrooms | $1,520 |
| 4 Bedrooms | $1,900 |
| 5 Bedrooms | $2,204 |
| 6 Bedrooms | $2,468 |
| 7 Bedrooms | $2,665 |
| 8 Bedrooms | $2,798 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,240 | $73,204 | 1.69% | A+ |
| 3BR | $1,520 | $109,715 | 1.39% | A |
| 4BR | $1,900 | $149,076 | 1.27% | A |
| 5BR | $2,204 | $171,312 | 1.29% | A |
U.S. Census Bureau data (2024)
1130 is the Fair Market Rent (FMR) for ZIP 32209 in Jacksonville, FL, for fiscal year 2024. 1179 is the actual market rent (ZORI), indicating a slight premium over the government's estimate. 106148 represents the median home value in this area, reflecting the overall property valuation. 53.0% is the share of residents who choose to rent, signaling a strong demand for rental properties. 30514 is the median income, which suggests that tenants might find it challenging to afford market rents without assistance. 33 days is the average time on the market (DOM) for rental listings, showing a competitive rental market where properties don't stay vacant long. 0.3% is the share of properties that have been price-cut, which is relatively low, indicating that most landlords are able to set competitive prices without significant reductions.
The disparity between the FMR and ZORI highlights an opportunity for landlords and small-portfolio investors to consider the Section 8 Housing Choice Voucher program. With 53.0% of the population renting, and the median income being 30514, many potential tenants would likely qualify for the voucher program. The program can help bridge the gap between the $1130 FMR and the higher $1,179 market rent, making properties more attractive to tenants while ensuring landlords receive fair compensation.
Average DOM of 33 days indicates that Jacksonville's rental market is active and responsive. The low 0.3% price-cut share suggests that landlords are generally setting competitive rates, but the market rent exceeding the FMR points to the need for financial assistance programs like Section 8 to keep rents affordable for many tenants.
Verdict: Jacksonville's rental market presents a favorable environment for Section 8 participation, with strong tenant demand and reasonable landlord returns.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.