Section 8 Fair Market Rent (FMR) for ZIP 32337 - 2027

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

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$990
1 Bedroom	$1,090
2 Bedrooms	$1,220
3 Bedrooms	$1,510
4 Bedrooms	$1,620
5 Bedrooms	$1,879
6 Bedrooms	$2,104
7 Bedrooms	$2,272
8 Bedrooms	$2,386

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

Median Household Income

$N/A

Housing Units

Renter Percentage

N/A

Occupancy Rate

100.0%

Renter Occupied

The ZIP code 32337, located in Volusia County, Florida, encompasses parts of DeLand and surrounding rural areas. This region is characterized by its mix of suburban and rural landscapes, with a strong emphasis on residential living. The housing market here is primarily driven by homeowners rather than renters, which significantly influences the types of investment opportunities available.

Fair Market Rent (FMR): $1060 (FY 2024) - The Fair Market Rent for ZIP 32337 is set at $1060 for the fiscal year 2024, reflecting the average rent for a moderate-quality rental unit suitable for low-income families. This figure is important for landlords participating in government-assisted housing programs.
Renter Share: 0.0% - A striking characteristic of this ZIP code is that it has a reported renter share of 0.0%, indicating that virtually all residents are homeowners. This statistic suggests that rental properties may struggle to find tenants, making them less attractive for investment.
Median Home Value: N/A - While specific data points for median home values are not available, the high homeowner share implies that there is a significant presence of owner-occupied homes, which can be beneficial for long-term property investments focused on appreciation rather than rental income.
Days on Market (DOM): N/A - The lack of data regarding days on market indicates that either sales activity is minimal or the data is not widely reported. This could mean slower sales cycles or a stable market with fewer transactions.
Median Income: N/A - Without a defined median income, it's challenging to gauge the economic health of the area. However, given the high homeowner rate, it's reasonable to infer that the local economy supports homeownership, though the exact income levels remain unclear.

For landlords and small-portfolio investors considering ZIP 32337, the primary takeaway is that the market is heavily skewed towards homeownership. This environment makes rental properties less viable due to the near-zero renter share. Instead, investing in single-family homes or other owner-occupied properties might offer better returns through appreciation, especially if the broader economic indicators support growth in home values. Given the absence of detailed data on market rents, DOM, and median incomes, further research into local trends and economic drivers would be advisable before making any investment decisions.

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.