Location: Pensacola-Ferry Pass-Brent, FL | Metro: Pensacola-Ferry Pass-Brent, FL MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,130 |
| 1 Bedroom | $1,330 |
| 2 Bedrooms | $1,510 |
| 3 Bedrooms | $1,980 |
| 4 Bedrooms | $2,380 |
| 5 Bedrooms | $2,761 |
| 6 Bedrooms | $3,092 |
| 7 Bedrooms | $3,339 |
| 8 Bedrooms | $3,506 |
The analysis of ZIP code 32512 within the Pensacola-Ferry Pass-Brent, FL MSA reveals several key points regarding its suitability for real estate investment.
Firstly, the rent math is questionable. The Fair Market Rent (FMR) for ZIP 32512 in fiscal year 2024 is set at $1240. However, without specific data on market rents, it's challenging to assess whether this figure aligns with what tenants are willing to pay. This uncertainty can pose risks for landlords aiming to maximize returns.
Secondly, the acquisition cost is unclear. With no provided information on the median home value, days on market (DOM), or the percentage of homes that require price reductions, potential buyers cannot accurately gauge the affordability of properties in this area. These metrics are crucial for understanding the local real estate market dynamics and making informed purchase decisions.
Lastly, tenant demand is ambiguous. While there is no specific population data or percentage of renters available, these figures are essential for determining if there is enough demand to sustain rental properties. Without such data, it's difficult to ascertain whether the area will support a high occupancy rate necessary for successful rental operations.
In conclusion, while ZIP 32512 offers a defined FMR of $1240 for fiscal year 2024, the lack of detailed market rent, median home value, DOM, price-cut share, and tenant demographic data makes it challenging to provide a definitive recommendation for investment. Landlords and small-portfolio investors should seek comprehensive local real estate and demographic reports to better understand the financial viability and market conditions before committing to acquisitions or rentals in this ZIP code.
Data Sources: FMR data from HUD (2027).
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.