Location: Jackson County, FL | Metro: Jackson 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 | $750 |
| 1 Bedroom | $760 |
| 2 Bedrooms | $990 |
| 3 Bedrooms | $1,300 |
| 4 Bedrooms | $1,300 |
| 5 Bedrooms | $1,508 |
| 6 Bedrooms | $1,689 |
| 7 Bedrooms | $1,824 |
| 8 Bedrooms | $1,915 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,300 | $192,944 | 0.67% | D |
U.S. Census Bureau data (2024)
In ZIP code 32443, the economics of Section 8 vouchers can be clearly understood by examining the SAFMR (Small Area Fair Market Rent) and the local market rent. For a two-bedroom apartment in this ZIP code, the SAFMR for fiscal year 2026 is set at $1,080. This figure represents the maximum amount that the housing authority will pay on behalf of eligible tenants under the Section 8 program.
Contrastingly, the local market rent for a two-bedroom unit, according to Census ACS data, stands at $870. This lower figure indicates the average rent charged for similar units in the area without the Section 8 subsidy.
A landlord participating in the Section 8 program should know that the total rent received includes both the voucher payment and the tenant's portion. The tenant is typically required to contribute 30% of their adjusted income towards rent. If we assume an average adjusted income of $1,800 for a tenant in this area, the tenant would pay approximately $540 toward the rent. The remaining balance is covered by the voucher, which in this case would be $1,080 - $540 = $540.
However, it's important to note that landlords receive the full SAFMR amount of $1,080, regardless of the tenant's contribution. This means that while the tenant pays $540, the voucher covers the difference between the tenant's payment and the SAFMR, ensuring the landlord receives the full $1,080.
The SAFMR is specifically tailored for this ZIP code, reflecting local rental market conditions more accurately than a broader metro or county-level FMR might. This targeted approach aims to align the subsidy levels more closely with the actual costs of renting in the area.
Utility allowances are also a factor in the overall economics. These allowances vary but generally cover a portion of the tenant's utility expenses. For simplicity, let's assume an additional utility allowance of $200 per month. This allowance does not directly affect the rent but can influence the overall financial arrangement.
Given these figures, landlords in ZIP 32443 will find that the typical reimbursement gap or surplus for a two-bedroom voucher is positive. Since the SAFMR is higher than the local market rent, landlords receive a surplus of $1,080 - $870 = $210 per month over the average market rate. This surplus helps offset the administrative costs and risks associated with the Section 8 program, making it a viable option for many landlords in this area.
To summarize, in ZIP 32443, landlords participating in Section 8 for a two-bedroom unit can expect to receive $1,080 monthly, which exceeds the local market rent by $210. This economic structure benefits landlords by providing a guaranteed income level that is above the typical market rates.
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.