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 | $1,170 |
| 1 Bedroom | $1,190 |
| 2 Bedrooms | $1,420 |
| 3 Bedrooms | $1,740 |
| 4 Bedrooms | $2,170 |
| 5 Bedrooms | $2,517 |
| 6 Bedrooms | $2,819 |
| 7 Bedrooms | $3,045 |
| 8 Bedrooms | $3,197 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $1,190 | $129,474 | 0.92% | C |
| 2BR | $1,420 | $158,225 | 0.9% | C |
| 3BR | $1,740 | $215,402 | 0.81% | C |
| 4BR | $2,170 | $284,787 | 0.76% | D |
| 5BR | $2,517 | $569,511 | 0.44% | F |
U.S. Census Bureau data (2024)
Jacksonville’s 32210 ZIP code, largely encompassing the neighborhood of Normandy, offers a suburban feel with close proximity to major commerce. The area is defined by convenient access to Interstate 295 and is anchored by the large Cecil Commerce Center, a significant business and industrial hub that supports local employment and draws a steady flow of workers to the area. This location blends residential pockets with commercial activity, creating a functional environment for landlords seeking consistent tenant demand from the local workforce.
From a data perspective, the 2026 Fair Market Rent (FMR) for a 2-bedroom unit sits at $1,410, while current market rents (ZORI) hover near $1,383. This results in a tight gap where voucher rates slightly exceed market averages by $27, suggesting Section 8 payments will cover typical market costs without a significant premium. Investors should note the median home value is $219,046, though entry-level opportunities exist with a median 2BR sale price of $157,147. With a median days on market of 82 days, the area moves at a moderate pace, indicating neither a frenzy nor a stagnant market.
The tenant pool is robust here, driven by a 42.6% renter share and a median household income of $61,050. This income level suggests that while many residents can afford standard rents, economic fluctuations can increase the appeal of subsidized housing stability. The neighborhood’s appeal is bolstered by reputable schools such as Normandy Village Elementary and convenient transit links via I-295, making it a practical choice for families and commuters who may require the reliability of a Housing Choice Voucher.
The strongest investor angle in 32210 is stability and cash-flow efficiency. The narrow $27 gap between the $1,410 FMR and market rent means investors are not sacrificing income to participate in the program, while the HUD SAFMR of $1,380 provides a safe floor for payment certainty. Given the moderate inventory turnover and the employment anchor at Cecil Commerce Center, this ZIP presents a solid, low-risk environment for landlords prioritizing reliable occupancy over aggressive appreciation.
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.