Location: Calhoun County, FL | Metro: Calhoun County, FL
| Unit Size | Monthly FMR |
|---|---|
| Studio | $890 |
| 1 Bedroom | $920 |
| 2 Bedrooms | $1,020 |
| 3 Bedrooms | $1,320 |
| 4 Bedrooms | $1,370 |
| 5 Bedrooms | $1,589 |
| 6 Bedrooms | $1,780 |
| 7 Bedrooms | $1,922 |
| 8 Bedrooms | $2,018 |
U.S. Census Bureau data (2024)
ZIP code 32449, located in Calhoun County, FL, serves as a cash-flow anchor within a Section 8 portfolio strategy. This designation is based on the spread between the Fair Market Rent (FMR) for the metro area, which is set at $1,030 for fiscal year 2026, and the median home value of $170,178. The relatively low FMR compared to the median home value suggests that rental properties in this ZIP can be priced competitively without significantly compromising profit margins.
The stability offered by this ZIP code is crucial for maintaining consistent cash flow. Landlords and small-portfolio investors should note that the median income in ZIP 32449 is $25,457, which aligns well with the rental income potential under the Section 8 program. This ensures that tenants have sufficient income to participate in the program and pay their portion of the rent reliably.
While the data does not provide specifics on price-cut shares or days on market (DOM), the lack of these figures does not detract from the ZIP's utility as a cash-flow anchor. Instead, the focus should remain on the steady income generation that comes from a reliable tenant base and predictable rental rates. The 18.6% renter share indicates a moderate demand for rental properties, balancing between high competition and low occupancy risks.
In summary, ZIP 32449 offers a solid foundation for a Section 8 portfolio due to its favorable cash flow characteristics. It provides a stable environment where landlords can expect regular rental income without the need for significant price adjustments or long periods of vacancy. This makes it an ideal choice for those looking to anchor their investment strategies with dependable, low-risk assets.
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.