Location: Calhoun County, FL | Metro: Panama City, FL HUD Metro FMR Area
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 | $1,290 |
| 1 Bedroom | $1,340 |
| 2 Bedrooms | $1,520 |
| 3 Bedrooms | $1,960 |
| 4 Bedrooms | $2,430 |
| 5 Bedrooms | $2,819 |
| 6 Bedrooms | $3,157 |
| 7 Bedrooms | $3,410 |
| 8 Bedrooms | $3,581 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,520 | $181,467 | 0.84% | C |
| 3BR | $1,960 | $274,136 | 0.71% | D |
| 4BR | $2,430 | $332,805 | 0.73% | D |
U.S. Census Bureau data (2024)
In Youngstown, Florida, represented by ZIP code 32466, the real estate landscape for both homeowners and investors presents a nuanced picture. The median home value stands at $268,731, indicating a stable market where properties are neither undervalued nor excessively priced. A mere 0.2% of listings have seen price reductions, which suggests that sellers have significant pricing power. This low reduction rate implies that demand remains strong relative to supply, supporting the maintenance of current values.
The median days on market (DOM) being listed as N/A points to either an exceptionally quick sale environment or a limited number of recent transactions, making it difficult to establish a trend. However, the combination of high median home values and minimal price reductions indicates that homes are selling swiftly when they come onto the market, likely due to a competitive buyer pool.
On the rental side, the Fair Market Rent (FMR) for ZIP 32466 is set at $1,570 for fiscal year 2024, compared to the current market rent of $1,231 based on Census ACS data. This discrepancy signals potential upward pressure on rents, benefiting landlords who can adjust their rates closer to the FMR. As rental demand increases, investors can expect to see steady growth in rental income, particularly if they can offer properties that meet the criteria for higher rents.
For long-term investors, the setup implies a realistic appreciation thesis. With a strong housing market and increasing rental demand, property values are likely to remain firm and could appreciate further. However, the exact pace of appreciation is uncertain and will depend on broader economic factors such as interest rates, job growth, and migration patterns into Youngstown. Investors should prepare for a scenario where appreciation is gradual but consistent, rather than explosive.
Overall, the current metrics suggest that Youngstown, FL, offers a solid investment opportunity for those looking to capitalize on both the sales and rental markets. The data points to a resilient local economy that supports real estate values, making it a favorable location for small-portfolio investors seeking stable returns.
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.