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 | $1,220 |
| 1 Bedroom | $1,230 |
| 2 Bedrooms | $1,470 |
| 3 Bedrooms | $1,800 |
| 4 Bedrooms | $2,250 |
| 5 Bedrooms | $2,610 |
| 6 Bedrooms | $2,923 |
| 7 Bedrooms | $3,157 |
| 8 Bedrooms | $3,315 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,470 | $181,925 | 0.81% | C |
| 3BR | $1,800 | $276,996 | 0.65% | D |
| 4BR | $2,250 | $326,202 | 0.69% | D |
| 5BR | $2,610 | $370,626 | 0.7% | D |
U.S. Census Bureau data (2024)
ZIP 32220 in Jacksonville, FL, is best suited as a cash-flow anchor within a Section 8 portfolio strategy. The Fair Market Rent (FMR) for FY 2024 is set at $1,450, while the average market rent stands at $1,860. This creates a spread of $410, which means that properties in this area can be rented out at a higher rate than what is covered by Section 8 vouchers, providing a stable source of additional income.
The median home value in ZIP 32220 is $284,561, indicating a relatively affordable housing market compared to other parts of Florida. However, the key factor in positioning this ZIP code as a cash-flow anchor is the disparity between the FMR and the market rent. Landlords can leverage this difference by renting to tenants who use their Section 8 vouchers, then charging the tenant the additional amount above the voucher coverage. This strategy ensures a steady and predictable income stream, critical for maintaining the financial health of a rental portfolio.
While the area does not offer significant appreciation potential, with a price-cut share of 0.3% and an average DOM (Days on Market) that is not provided, the primary focus should be on the reliable cash flow it generates. The 13.7% renter share suggests a moderate demand for rental properties, and the median income of $81,792 indicates that residents have the capacity to pay the additional rent required beyond the voucher amount. This makes ZIP 32220 a solid choice for landlords looking to balance their portfolios with low-risk, high-reward investments.
In conclusion, ZIP 32220 should be considered a cash-flow anchor due to the favorable spread between FMR and market rents, allowing landlords to benefit from both the stability of Section 8 vouchers and the opportunity to charge higher rates. This strategy is particularly beneficial for small-portfolio investors seeking to maximize their returns while minimizing risk.
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.