Location: Washington County, FL | Metro: Washington County, FL HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $840 |
| 1 Bedroom | $890 |
| 2 Bedrooms | $970 |
| 3 Bedrooms | $1,170 |
| 4 Bedrooms | $1,480 |
| 5 Bedrooms | $1,717 |
| 6 Bedrooms | $1,923 |
| 7 Bedrooms | $2,077 |
| 8 Bedrooms | $2,181 |
U.S. Census Bureau data (2024)
The real estate landscape in ZIP code 32427 presents a nuanced scenario for both landlords and small-portfolio investors, particularly when considering the median home value of $194,610. This figure serves as a foundational metric, indicating the typical price point within the area. However, the absence of data on the percentage of listings that have been reduced and the median days on market (DOM) suggests a stable market where neither significant increases nor decreases in property values are imminent. This stability can be leveraged by investors to maintain consistent cash flows through rental income.
On the rental side, the Forward Monthly Rent (FMR) for ZIP 32427 is projected at $1,040 for the fiscal year 2026, while the current market rate stands at $691 based on Census ACS data. The disparity between the FMR and the current market rent indicates potential for growth in rental yields. Landlords can anticipate gradual increases in rental prices as the market moves towards aligning with the FMR. This upward trend supports a strategy of maintaining properties in good condition to command higher rents as the market adjusts.
For long-term investors, the appreciation thesis in ZIP 32427 is tied to broader economic factors such as job growth, population trends, and infrastructure development. Given the current data, there is no strong indication of rapid appreciation. Instead, the setup points towards steady, moderate growth in property values. This scenario is favorable for those looking to hold properties for an extended period, as it allows for a predictable increase in asset value without the volatility seen in other markets. Investors should focus on areas with planned improvements or developments that could drive future demand and value.
In summary, the median home value of $194,610, combined with the stable market signals, provides a solid base for investment. The gap between the current market rent and the FMR offers a clear path for enhancing rental income. Long-term investors can expect moderate appreciation, making ZIP 32427 a reliable choice for those seeking stable returns without the risk of high market fluctuations.
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.