Location: Calhoun County, FL | Metro: Calhoun 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 | $850 |
| 1 Bedroom | $880 |
| 2 Bedrooms | $960 |
| 3 Bedrooms | $1,260 |
| 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: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $960 | $97,880 | 0.98% | C |
| 3BR | $1,260 | $178,341 | 0.71% | D |
| 4BR | $1,260 | $267,907 | 0.47% | F |
U.S. Census Bureau data (2024)
The ZIP code 32424, encompassing Blountstown, FL, presents a market characterized by a clear distinction between federally supported rental rates and the broader private market dynamics. The Fair Market Rent (FMR) set at $970 for the fiscal year 2026 reflects a higher threshold compared to the actual market rent of $640 as reported by the Census Bureau's American Community Survey (ACS).
This discrepancy suggests that the federally subsidized housing assistance, such as Section 8, might be more generous relative to the local rental market, which could attract a significant number of renters seeking affordable housing options. However, the absence of data on price-cut shares and days on market (DOM) makes it challenging to definitively conclude whether supply is currently outpacing demand or vice versa.
The median home value of $161,537 indicates an area where homeownership is relatively accessible, but the 28.4% share of renters points towards a substantial portion of the population relying on the rental market. This high renter share can be indicative of several factors, including affordability constraints for potential homeowners, transient populations, or a preference for renting over buying. Regardless of the cause, a high renter share typically implies sustained long-term housing pressure, as renters often represent a segment of the population that is more sensitive to economic changes and less likely to be tied down by the commitments associated with homeownership.
The dynamics in ZIP 32424 suggest a market where the rental sector plays a pivotal role in providing housing solutions. Landlords and small-portfolio investors should consider the potential for federal subsidies to influence rental rates positively, while also being mindful of the overall cost of living and the accessibility of homeownership for their tenants. This balance is crucial for understanding the market's trajectory and making informed decisions regarding property management and investment strategies.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.