Section 8 Fair Market Rent (FMR) for ZIP 32422 - 2027

FY 2027 Fair Market Rent Rates

The ZIP code 32422 in Defuniak Springs, FL, presents a mixed market scenario when classified on the axes of yield and stability.

Yield: The Fair Market Rent (FMR) for ZIP 32422 is set at $1,190 for fiscal year 2024. This figure represents a moderate yield potential for landlords and small-portfolio investors. However, the lack of specific market rent and home value data makes it challenging to provide a precise comparison. Based on the available FMR, this area is not considered a high-yield market but rather offers a reasonable return for rental properties.

Stability: Stability in the market can be gauged by factors such as the percentage of renters, average days on the market (DOM), and median household income. Unfortunately, the data provided does not include these specific metrics for ZIP 32422. Without this information, it's difficult to make a definitive call on the stability of the market. However, given the absence of extreme fluctuations in property values and rents, one might infer a relatively stable environment.

Considering the limited data, ZIP 32422 appears to be neither a high-yield/low-stability flip-style market nor a steady-cashflow zone. It falls somewhere in between, offering a balanced opportunity for investors seeking moderate returns without significant risk. The FMR of $1,190 suggests a middle-ground scenario where rental yields are decent but not exceptionally high, and the stability indicators remain unknown.

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.