Section 8 Fair Market Rent (FMR) for ZIP 32611 - 2027

FY 2027 Fair Market Rent Rates

The Fair Market Rent (FMR) for ZIP code 32611 in Florida for fiscal year 2024 is set at $1410. This figure represents the payment standard used by the U.S. Department of Housing and Urban Development (HUD) for the Section 8 program. It's important to note that this does not mean your tenants will pay $1410; rather, it's the maximum amount HUD will reimburse landlords for rent.

In ZIP 32611, the local median rent is currently listed as N/A, which makes direct comparison challenging. However, the FMR can still serve as a benchmark for setting your own rent rates, ensuring they remain competitive while also being eligible for the Section 8 program.

The percentage of renters in the area who could potentially qualify for Section 8 based on income is N/A%. This indicates the level of demand for subsidized housing. While the exact number isn't available, a higher percentage generally suggests more potential tenants interested in Section 8.

When acquiring a property in this ZIP code, you should expect the average price to be around N/A. This figure helps you understand the initial investment required to enter the market. With the FMR at $1410, you need to ensure that your monthly expenses and desired profit margin align with this reimbursement rate.

Before deciding to participate in the Section 8 program with a rental property in ZIP 32611, verify that your property meets the HUD's minimum property standards. These standards ensure that the property is safe, decent, and sanitary for tenants. Compliance is mandatory for acceptance into the program and maintaining tenancy.

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.