Location: Tallahassee, FL | Metro: Tallahassee, FL HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,210 |
| 1 Bedroom | $1,290 |
| 2 Bedrooms | $1,450 |
| 3 Bedrooms | $1,770 |
| 4 Bedrooms | $1,910 |
| 5 Bedrooms | $2,216 |
| 6 Bedrooms | $2,482 |
| 7 Bedrooms | $2,681 |
| 8 Bedrooms | $2,815 |
The ZIP code 32399 is located in Tallahassee, Florida, within Leon County. Specific demographic data such as population, percentage of renters, and median income is currently unavailable for this particular ZIP code.
However, we do know that the Fair Market Rent (FMR) for ZIP 32399 in fiscal year 2024 is set at $1370. This figure represents the government's estimate of the maximum amount that should be paid for rental housing by low-income families participating in the Section 8 Housing Choice Voucher program. Market rent data for the area is also not available at this time.
Given the lack of detailed demographic data, it is challenging to paint a comprehensive picture of the neighborhood. However, based on the FMR, it suggests that the area might cater to lower-income families who are seeking affordable housing options.
For hands-off Section 8 operators, ZIP 32399 could be a suitable location due to the availability of vouchers and the relatively lower FMR compared to surrounding areas. For hands-on value-add buyers, the absence of specific data makes it difficult to assess the potential for property improvements and rental increases. Therefore, a thorough on-the-ground investigation would be necessary before making any investment decisions.
Data Sources: FMR data from HUD (2027).
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.