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 | $1,690 |
| 1 Bedroom | $1,710 |
| 2 Bedrooms | $2,040 |
| 3 Bedrooms | $2,500 |
| 4 Bedrooms | $3,120 |
| 5 Bedrooms | $3,619 |
| 6 Bedrooms | $4,053 |
| 7 Bedrooms | $4,377 |
| 8 Bedrooms | $4,596 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $2,040 | $217,415 | 0.94% | C |
| 3BR | $2,500 | $297,684 | 0.84% | C |
| 4BR | $3,120 | $339,951 | 0.92% | C |
| 5BR | $3,619 | $395,036 | 0.92% | C |
U.S. Census Bureau data (2024)
ZIP code 32222, located in Jacksonville, FL, falls within the Jacksonville, FL HUD Metro FMR Area. The Fair Market Rent (FMR) for 32222 is set at $1760 for fiscal year 2024, which is slightly below the market rent of $1,883. This indicates that the area is competitively priced compared to other ZIP codes within the Jacksonville, FL HUD Metro FMR Area.
The median home value in 32222 is $314,308, which is indicative of a mid-tier neighborhood within the larger Jacksonville metro area. This figure suggests that while the homes are not in the premium range, they are also not considered low-value properties.
A significant aspect to consider is the 29.6% renter share in 32222. This percentage is higher than what might be expected for a mid-tier neighborhood, potentially signaling a concentration of renters who may benefit from Section 8 assistance. The combination of a relatively lower home value and a higher-than-average renter share could indicate that 32222 is a prime location for landlords seeking Section 8 tenants.
In comparison to typical ZIP codes within the Jacksonville, FL HUD Metro FMR Area, 32222 stands out due to its higher renter share. While the FMR and market rent are closely aligned, the median home value is moderate, suggesting that it is neither a premium nor a distressed sub-market but rather a value pocket where landlords can find a balance between property costs and tenant support through government programs.
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.