Location: Taylor County, FL | Metro: Tallahassee, FL HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,100 |
| 1 Bedroom | $1,180 |
| 2 Bedrooms | $1,320 |
| 3 Bedrooms | $1,650 |
| 4 Bedrooms | $1,740 |
| 5 Bedrooms | $2,018 |
| 6 Bedrooms | $2,260 |
| 7 Bedrooms | $2,441 |
| 8 Bedrooms | $2,563 |
U.S. Census Bureau data (2024)
Taylor County, FL, specifically ZIP 32336, offers a strategic fit within a Section 8 portfolio due to its characteristics that align well with the goals of landlords and small-portfolio investors. This ZIP code serves primarily as a cash-flow anchor within such a portfolio. The Federal Market Rent (FMR) for ZIP 32336 in fiscal year 2024 is set at $1060 for a one-bedroom unit, which is above the market rate of $1,025 for similar units in the area. This positive spread ensures steady rental income that exceeds local market rates, providing a reliable financial base.
The median home value in ZIP 32336 stands at $234,026, indicating a relatively affordable housing market. However, the primary focus here is on rental properties, where the median income is $45,481. This level of income suggests that many residents would qualify for Section 8 assistance, thereby stabilizing the demand for subsidized rentals. Additionally, the 21.5% renter share in the area indicates a significant portion of the population relies on rental housing, further supporting the viability of Section 8 properties.
The key advantage of including ZIP 32336 in a Section 8 portfolio is the guaranteed rental income that outpaces the local market rate. Landlords can expect consistent cash flow without the need to constantly adjust rents or worry about vacancy rates, as the federal subsidy program provides a stable tenant pool. This makes ZIP 32336 an excellent choice for those looking to secure a solid financial foundation within their investment strategy.
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.