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 | $2,100 |
| 1 Bedroom | $2,130 |
| 2 Bedrooms | $2,540 |
| 3 Bedrooms | $3,110 |
| 4 Bedrooms | $3,890 |
| 5 Bedrooms | $4,512 |
| 6 Bedrooms | $5,053 |
| 7 Bedrooms | $5,457 |
| 8 Bedrooms | $5,730 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $2,540 | $306,765 | 0.83% | C |
| 3BR | $3,110 | $349,026 | 0.89% | C |
| 4BR | $3,890 | $399,716 | 0.97% | C |
| 5BR | $4,512 | $491,953 | 0.92% | C |
U.S. Census Bureau data (2024)
The ZIP code 32226 in Jacksonville, FL, has a population of 21,256, with only 10.0% of residents being renters. This indicates that the area is primarily dominated by homeowners rather than renters. The median household income in this ZIP is $110,179, which is relatively high compared to national averages.
The market rent in ZIP 32226 stands at $2,323 per month. To put this into perspective, typical rent consumes approximately 21.1% of the local median income. This calculation is derived from dividing the monthly market rent by the annual median income ($2,323 / $110,179 * 12 months = 21.1%).
The Fair Market Rent (FMR) for the area, as of FY 2024, is set at $2,410, slightly higher than the current market rent. This suggests that the rental market in ZIP 32226 is somewhat below the federally determined fair market level, which could indicate a competitive environment for landlords.
Given the low percentage of renters and the high median income, it's unlikely that there is a deep voucher demand in this area. Landlords can expect tenants who are financially stable and capable of paying rent without assistance. The typical tenant will likely be an individual or family earning close to the median income, allocating about one-fifth of their earnings towards housing costs.
In summary, ZIP 32226 is not a renter-heavy area but rather a homeowner-dominated zone where voucher usage is expected to be minimal. Landlords should anticipate tenants who are financially secure and able to meet the market rent of $2,323 without relying on subsidies.
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.