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 | $1,600 |
| 1 Bedroom | $1,630 |
| 2 Bedrooms | $1,940 |
| 3 Bedrooms | $2,380 |
| 4 Bedrooms | $2,970 |
| 5 Bedrooms | $3,445 |
| 6 Bedrooms | $3,858 |
| 7 Bedrooms | $4,167 |
| 8 Bedrooms | $4,375 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,940 | $210,333 | 0.92% | C |
| 3BR | $2,380 | $268,305 | 0.89% | C |
| 4BR | $2,970 | $333,783 | 0.89% | C |
| 5BR | $3,445 | $394,454 | 0.87% | C |
U.S. Census Bureau data (2024)
The classification of ZIP code 32221 in Jacksonville, FL, hinges on the balance between yield and stability. With a Fair Market Rent (FMR) of $1,840 for fiscal year 2024 and a market rent price of $2,009, the potential rental income is notably below the median home value of $292,946. This suggests a moderate yield environment where rental income represents a significant portion of the property's value but does not overshadow it.
To assess stability, consider the following metrics: 21.4% of residents are renters, which indicates a relatively stable demand for rental properties. However, the lack of data on days on market (DOM) can be concerning as it leaves an uncertainty about how quickly properties can be leased. The average household income of $82,969 provides insight into the financial capacity of tenants, which is a positive factor for stability as it implies a higher likelihood of timely rent payments.
Evaluating these factors, ZIP 32221 leans towards being a steady-cashflow zone rather than a high-yield/low-stability flip-style market. The FMR and market rent prices suggest that while yields might not be exceptionally high, they are still reasonable given the median home value. The income level supports tenant reliability, contributing to the stability aspect.
A steady-cashflow zone is characterized by a reliable stream of rental income with manageable risks. In ZIP 32221, the $1,840 FMR and $2,009 market rent prices ensure a consistent cash flow, especially when compared to the median home value. Although the percentage of renters is not exceedingly high, it is sufficient to maintain a stable demand for rental units. The unknown DOM figure introduces some risk, but the strong income metric compensates for this by ensuring that tenants are likely to have the means to pay rent regularly.
In summary, based on the provided data, ZIP 32221 is best classified as a steady-cashflow zone. It offers a balanced approach for landlords and small-portfolio investors, combining decent rental yields with the stability derived from a solid average income and a reasonable percentage of renters.
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.