Location: Liberty County, FL | Metro: Franklin County, FL
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 | $930 |
| 1 Bedroom | $960 |
| 2 Bedrooms | $1,070 |
| 3 Bedrooms | $1,410 |
| 4 Bedrooms | $1,640 |
| 5 Bedrooms | $1,902 |
| 6 Bedrooms | $2,130 |
| 7 Bedrooms | $2,300 |
| 8 Bedrooms | $2,415 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,070 | $524,632 | 0.2% | F |
| 3BR | $1,410 | $734,540 | 0.19% | F |
| 4BR | $1,640 | $1,138,888 | 0.14% | F |
| 5BR | $1,902 | $1,841,809 | 0.1% | F |
U.S. Census Bureau data (2024)
The rent math in ZIP 32328, located in Eastpoint, FL, within the Liberty County, FL metro area, is favorable but tight. The Fair Market Rent (FMR) for the fiscal year 2026 is set at $1,030, while the current market rent as per the Census ACS is $941. This indicates that landlords can expect a modest increase in rental income over the next few years, aligning with the FMR benchmark.
Acquisition in this ZIP code is moderately affordable. The median home value stands at $756,120. However, the lack of data on days on market (DOM) and the 0.2% price-cut share suggests that homes are not frequently listed or discounted, implying a stable housing market with less speculative activity.
Tenant demand is relatively low. With a total population of 4,409, only 9.9% are renters. This means there are approximately 437 potential tenants, which could be insufficient to support a large rental portfolio, especially given the ZIP's rural character and limited job opportunities.
Verdict: While the rent math is positive, indicating potential for modest profit growth, the overall picture for ZIP 32328 is mixed. The acquisition cost is high relative to the median home value, and tenant demand is low due to the small renter population. Landlords and small-portfolio investors should proceed cautiously, focusing on properties that can command the higher end of the rental spectrum and considering diversification into areas with greater tenant demand.
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.