Section 8 Fair Market Rent (FMR) for ZIP 32258 - 2027

Investment Score for ZIP 32258

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,830
1 Bedroom	$1,850
2 Bedrooms	$2,210
3 Bedrooms	$2,710
4 Bedrooms	$3,380
5 Bedrooms	$3,921
6 Bedrooms	$4,392
7 Bedrooms	$4,743
8 Bedrooms	$4,980

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
1BR	$1,850	$152,687	1.21%	A
2BR	$2,210	$234,632	0.94%	C
3BR	$2,710	$345,889	0.78%	D
4BR	$3,380	$455,708	0.74%	D
5BR	$3,921	$559,674	0.7%	D

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

### Market Analysis for ZIP Code 32258 (Jacksonville, FL) #### Section 8 Voucher Dynamics The Fair Market Rent (FMR) for ZIP code 32258, as of 2026, is set at $2240 for a two-bedroom unit. This figure represents 26.3% of the median household income in the area, which is $102,204. The FMRs for other bedroom sizes are $1830 for a zero-bedroom unit, $1870 for a one-bedroom unit, $2760 for a three-bedroom unit, and $3460 for a four-bedroom unit. However, the actual rental market in 32258 is significantly higher than these FMRs. For instance, the Zillow median price for a two-bedroom unit is $235,408, which translates to an average monthly rent of approximately $1962 if we assume a typical mortgage payment of 1% of the home value. Given that the FMR for a two-bedroom unit is $2240, it suggests that landlords who accept Section 8 vouchers would have to rent their units below the market rate. This discrepancy can create challenges for voucher holders, as they might struggle to find properties within their budget. #### Affordability & Renter Profile ZIP code 32258 has a population of 40,408, with 38.7% of residents being renters. This indicates a substantial demand for rental housing. The occupancy rate stands at 96.5%, suggesting that the market is relatively tight, with few vacant units available. Given the median household income of $102,204, the majority of residents are likely middle to upper-middle class. However, the 38.7% renter population includes individuals and families who might be reliant on Section 8 vouchers due to financial constraints. With the FMR for a two-bedroom unit being $2240, which is only 26.3% of the median income, it implies that the market is generally affordable for most residents. Yet, for those on Section 8 vouchers, the high market rents make finding suitable accommodation difficult. #### Investor Angle From an investor's perspective, the ZIP code 32258 presents both opportunities and challenges. The price-to-FMR ratio for a two-bedroom unit is 8.8x, meaning that the median home price is nearly nine times the FMR. This high ratio indicates that the property values are significantly above what the typical Section 8 voucher holder can afford. To determine if this ZIP code is cash-flow positive at FMR, we need to consider the typical mortgage payment, property taxes, insurance, and maintenance costs. Assuming a mortgage payment of $1962 (1% of $235,408), property taxes of around $2,000 per year (based on average tax rates in Duval County), insurance of $1,200 per year, and maintenance costs of $1,000 per year, the total annual cost would be approximately $31,820. Dividing this by 12 gives a monthly cost of about $2,652. Since the FMR for a two-bedroom unit is $2240, this would result in a negative cash flow of about $412 per month. Therefore, accepting Section 8 vouchers in this ZIP code would not be financially viable for most investors unless they can significantly reduce their costs or find ways to increase their revenue. #### Specific Actionable Insights 1. **Focus on Smaller Units**: Given the high price-to-FMR ratio, investors should focus on smaller units such as one-bedroom or studio apartments. These units typically have lower FMRs and could potentially offer better cash flow. For example, the FMR for a one-bedroom unit is $1870, which is still below the average market rent but closer to the mortgage payment. 2. **Consider Property Value Reduction**: Investors looking to enter this market should seek out properties that are valued below the median price. A property valued at $200,000 would have a mortgage payment of approximately $1667, making it more feasible to achieve positive cash flow when renting at FMR. Additionally, negotiating with sellers to reduce the purchase price could help bridge the gap between market rents and FMRs. #### Bottom Line For Section 8-focused investors, ZIP code 32258 is not recommended for buying properties. The high price-to-FMR ratio and the resulting negative cash flow make it challenging to operate profitably. Instead, investors should consider other ZIP codes in Jacksonville where the FMRs are closer to market rents, or they could look into reducing their acquisition costs through strategic negotiations. In summary, the recommendation is to **skip** this ZIP code for Section 8 investments.

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.