Section 8 Fair Market Rent (FMR) for ZIP 32250 - 2027

Location: Jacksonville, FL | Metro: Jacksonville, FL HUD Metro FMR Area

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,770
1 Bedroom	$1,790
2 Bedrooms	$2,140
3 Bedrooms	$2,620
4 Bedrooms	$3,280
5 Bedrooms	$3,805
6 Bedrooms	$4,262
7 Bedrooms	$4,603
8 Bedrooms	$4,833

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

29,072

Median Household Income

$117,724

Housing Units

15,377

Renter Percentage

30.8%

Occupancy Rate

84.3%

Renter Occupied

3,988

Housing Authorities Serving ZIP 32250

Jacksonville Housing Authority (Jacksonville, FL) - 8,501 Section 8 vouchers

Jacksonville Beach, located in ZIP code 32250, is a vibrant coastal community that offers both scenic beauty and proximity to urban amenities. The area is popular among renters and homeowners alike, thanks to its attractive waterfront properties and active lifestyle.

The Fair Market Rent (FMR) for ZIP 32250 in fiscal year 2024 is set at $2190. This figure represents the median gross rent for a standard-quality rental unit and can serve as a benchmark for setting reasonable rental prices.
The Zillow Observed Rental Index (ZORI) for Jacksonville Beach indicates that the average market rent is currently at $2,277. This suggests that the local rental market is slightly above the federal fair market rent, which could be favorable for landlords seeking to maximize their rental income.
The median home value in ZIP 32250 stands at $630,378. This relatively high median home value reflects the desirability of the area and could indicate strong potential for property appreciation over time.
Renters make up 30.8% of the population in Jacksonville Beach. This significant share of renters points to a robust demand for rental properties, making it a good location for investors interested in the rental market.
The median income for residents in ZIP 32250 is $117,724. This high median income suggests that tenants have a strong ability to pay higher rents, potentially leading to better financial returns for landlords.

In summary, Jacksonville Beach presents a compelling opportunity for real estate investment, particularly in the rental market. With a median home value that exceeds the national average and a substantial renter share, coupled with a median income that supports higher rent payments, the area is poised for steady rental demand and potentially strong property appreciation. Landlords and small-portfolio investors should consider these factors when evaluating the potential for successful investments in ZIP 32250.

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.