Location: Dixie County, FL | Metro: Dixie County, FL
| Unit Size | Monthly FMR |
|---|---|
| Studio | $920 |
| 1 Bedroom | $950 |
| 2 Bedrooms | $1,050 |
| 3 Bedrooms | $1,380 |
| 4 Bedrooms | $1,380 |
| 5 Bedrooms | $1,601 |
| 6 Bedrooms | $1,793 |
| 7 Bedrooms | $1,936 |
| 8 Bedrooms | $2,033 |
U.S. Census Bureau data (2024)
The ZIP code 32628 stands out in XX County with its unique data profile. It has a population of 5,090 residents, with 24.1% of them renting their homes. The median income in this area is $44,567, while the median home value is notably higher at $161,946. This indicates a relatively stable housing market where homeownership is valued and affordable to a significant portion of the population.
Moving to the specifics of Section 8 economics, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,150. However, there is currently no available market rent data to compare against, which suggests that landlords should rely on the FMR as a benchmark for rental rates when accepting vouchers. This figure can be crucial for determining the feasibility of renting properties under the Section 8 program.
Given the data signature, ZIP 32628 appears to be a stable market. The high median home value alongside a reasonable percentage of renters indicates a balanced community where both homeowners and renters coexist comfortably. Landlords and small-portfolio investors can expect steady demand for rental units, particularly those willing to accept Section 8 vouchers, which can provide a reliable source of income despite the lower rent rates compared to the market value.
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.