Location: Levy County, FL | Metro: Levy County, FL HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $730 |
| 1 Bedroom | $880 |
| 2 Bedrooms | $1,020 |
| 3 Bedrooms | $1,260 |
| 4 Bedrooms | $1,340 |
| 5 Bedrooms | $1,554 |
| 6 Bedrooms | $1,740 |
| 7 Bedrooms | $1,879 |
| 8 Bedrooms | $1,973 |
U.S. Census Bureau data (2024)
The ZIP code 32625 presents a moderate opportunity for landlords and small-portfolio investors interested in Section 8 tenants. With a population of 1,322, only 15.1% of residents are renters, indicating that this area is primarily dominated by homeowners rather than renters. This implies that the demand for rental properties using vouchers might be relatively lower compared to areas with higher percentages of renters.
The median household income in ZIP 32625 is $60,298, which is a key figure when assessing the affordability of housing. The market rent for the area is $873 per month. To put this into perspective, typical rent consumes approximately 18.3% of the median monthly income. This calculation is derived from dividing the annual median income by 12 to get the monthly income ($60,298 / 12 = $5,024.83), then dividing the market rent by the monthly income and multiplying by 100 to get the percentage ($873 / $5,024.83 * 100 = 17.37%).
The Fair Market Rent (FMR) for ZIP 32625, as set for FY 2024, is $1,020. This is higher than the current market rent, suggesting that landlords could potentially benefit from the government's willingness to pay more for housing vouchers. However, the gap between the FMR and the market rent also indicates that there might be some flexibility in pricing for landlords who want to attract both voucher and non-voucher tenants.
In terms of tenant profiles, landlords in ZIP 32625 should expect a mix of low-income families and individuals who rely on vouchers due to the high FMR relative to the median income. While the voucher demand is present, it is not overwhelming given the homeowner-dominated nature of the area. Non-voucher tenants may also be attracted to the lower market rents compared to the FMR, making the area a viable option for those seeking affordable housing solutions.
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.