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 | $720 |
| 1 Bedroom | $740 |
| 2 Bedrooms | $970 |
| 3 Bedrooms | $1,270 |
| 4 Bedrooms | $1,280 |
| 5 Bedrooms | $1,485 |
| 6 Bedrooms | $1,663 |
| 7 Bedrooms | $1,796 |
| 8 Bedrooms | $1,886 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,270 | $168,858 | 0.75% | D |
U.S. Census Bureau data (2024)
The analysis of ZIP code 32445 in the Jackson County, FL metro area reveals key insights for landlords and small-portfolio investors. First, let's examine if the rent math works. The Fair Market Rent (FMR) for the area, set at $970 for fiscal year 2026, significantly exceeds the current market rent of $684 as reported by the Census ACS. This discrepancy suggests that landlords might find it challenging to justify higher rents to tenants based on the current market conditions.
Moving on to acquisition affordability, the median home value in ZIP 32445 stands at $132,984. However, due to the lack of available data on days on market (DOM) and the percentage of homes requiring price cuts, it's difficult to assess how competitive the real estate market is. Investors should conduct further research to determine if this median home value represents a good investment opportunity given the local real estate dynamics.
Tenant demand is another critical factor. With a population of 2,450 and a renter share of 18.5%, there is a relatively small pool of potential tenants. This low renter share indicates that a significant portion of the residents might own their homes, which could limit the number of available renters and potentially affect occupancy rates.
Based on these findings, ZIP 32445 presents a mixed outlook for real estate investment. While the median home value is affordable, the mismatch between FMR and market rent, along with the limited tenant base, suggests caution. Landlords and investors must carefully evaluate the local rental market trends and consider the potential challenges in justifying higher rents to secure a viable investment strategy in this area.
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.