Location: Taylor County, FL | Metro: Taylor 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 | $840 |
| 1 Bedroom | $880 |
| 2 Bedrooms | $950 |
| 3 Bedrooms | $1,250 |
| 4 Bedrooms | $1,260 |
| 5 Bedrooms | $1,462 |
| 6 Bedrooms | $1,637 |
| 7 Bedrooms | $1,768 |
| 8 Bedrooms | $1,856 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,250 | $202,377 | 0.62% | D |
U.S. Census Bureau data (2024)
The ZIP code 32347 stands out in its county with a unique set of characteristics that define its real estate landscape. With a total population of 7,530 residents, it has a notable rental rate of 27.1%, indicating a significant portion of the community relies on rented housing. The median household income in this area is $44,183, which places it below the national average but is typical for the region. Additionally, the median home value is $206,476, reflecting a relatively affordable housing market.
When analyzing the Section 8 voucher economics, the Fair Market Rent (FMR) for the metro area for fiscal year 2026 is set at $970, slightly above the current market rent of $955, as reported by the Census Bureau's American Community Survey. This suggests that landlords participating in the Section 8 program can expect to receive rents that are competitive with the local market, making it an attractive option for property owners in this ZIP code.
The data signature for ZIP 32347 reads as stable. The slight increase in FMR over market rent indicates a balanced market where the federal subsidy is sufficient to cover the cost of renting without significantly exceeding local rates. This stability is beneficial for both tenants and landlords, ensuring consistent occupancy and predictable income streams for property owners.
In conclusion, ZIP 32347 offers a stable environment for landlords and small-portfolio investors interested in the Section 8 program. With a rental rate of 27.1% and a median income of $44,183, the area aligns well with the economic support provided by the government. The median home value of $206,476 and the FMR of $970 for fiscal year 2026, compared to the current market rent of $955, suggest a market that is neither overheated nor undervalued, providing a solid foundation for long-term investment strategies.
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.