Location: Jacksonville, FL | Metro: Jacksonville, FL HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $2,000 |
| 1 Bedroom | $2,030 |
| 2 Bedrooms | $2,420 |
| 3 Bedrooms | $2,970 |
| 4 Bedrooms | $3,710 |
| 5 Bedrooms | $4,304 |
| 6 Bedrooms | $4,820 |
| 7 Bedrooms | $5,206 |
| 8 Bedrooms | $5,466 |
U.S. Census Bureau data (2024)
The ZIP code 32212 stands out due to its unique characteristics. With only 1,939 residents, it is among the smaller communities, yet every single resident is a renter, indicating that this area is entirely dedicated to rental housing. The median income here is $51,422, which is noteworthy given the absence of any reported median home value, suggesting that homeownership does not exist in this ZIP code.
Moving to the voucher economics, the Fair Market Rent (FMR) for ZIP 32212 is set at $2,400 for fiscal year 2024. This is slightly higher than the market rate of $2,205, based on Census American Community Survey data. Landlords can expect to receive payments closer to the FMR through Section 8 vouchers, providing a stable income source that exceeds the typical market rent in the area. This discrepancy between the FMR and the actual market rate means that landlords participating in the Section 8 program will likely see a modest increase in their rental income.
Given the data signature, ZIP 32212 appears to be a stable community. The high percentage of renters and the established median income suggest a consistent demand for rental housing. While the lack of median home value data might imply a focus solely on rental properties, this does not necessarily indicate instability. Instead, it points to a niche market where rental opportunities are robust and potentially lucrative for landlords who understand the dynamics of the Section 8 program.
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.