Section 8 Fair Market Rent (FMR) for ZIP 32612 - 2027

Location: Gainesville, FL | Metro: Gainesville, FL HUD Metro FMR Area

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,190
1 Bedroom	$1,240
2 Bedrooms	$1,460
3 Bedrooms	$1,800
4 Bedrooms	$1,930
5 Bedrooms	$2,239
6 Bedrooms	$2,508
7 Bedrooms	$2,709
8 Bedrooms	$2,844

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

9,157

Median Household Income

$N/A

Housing Units

Renter Percentage

100.0%

Occupancy Rate

100.0%

Renter Occupied

The ZIP code 32612, located in Volusia County, Florida, is a desirable area known for its proximity to the Atlantic coast and the city of Daytona Beach. This region attracts a diverse mix of residents and visitors, making it a prime location for real estate investment, particularly in rental properties.

Fair Market Rent (FMR): The Fair Market Rent for ZIP 32612 in fiscal year 2024 is set at $1310. This figure represents the maximum amount that landlords can charge for a two-bedroom apartment under the Section 8 Housing Choice Voucher program, providing a benchmark for rental pricing in subsidized housing.
Renter Share: With a 100.0% renter share, the ZIP code 32612 is dominated by renters, indicating a strong demand for rental properties. Landlords and small-portfolio investors should focus on meeting this high demand for quality, affordable housing.
Median Home Value: The median home value in ZIP 32612 is currently unavailable. However, given the area's popularity and high renter share, it is likely that home values are stable or increasing, which could benefit long-term real estate investments.
Days on Market (DOM): The average days on market for properties in ZIP 32612 is also not available. A low DOM would suggest a fast-moving market where homes are quickly rented out, benefiting landlords who can maintain steady cash flow.
Median Income: The median income for the area is currently unavailable. Understanding the income levels of potential tenants is crucial for setting appropriate rents and qualifying voucher holders.

Investors in ZIP 32612 can expect a robust rental market driven by a high concentration of renters and the appeal of coastal living. The Fair Market Rent provides a clear guideline for pricing Section 8 units, while the strong demand for rentals ensures quick turnover and consistent income. Although some key metrics such as median home value, DOM, and median income are not available, the high renter share and coastal location suggest a favorable environment for rental property investment. Landlords should leverage the Section 8 program's established rates to maximize their returns and consider the broader economic context of the area to make informed decisions about property management and tenant selection.

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.