Location: Levy County, FL | Metro: Levy County, FL HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $700 |
| 1 Bedroom | $820 |
| 2 Bedrooms | $960 |
| 3 Bedrooms | $1,200 |
| 4 Bedrooms | $1,290 |
| 5 Bedrooms | $1,496 |
| 6 Bedrooms | $1,676 |
| 7 Bedrooms | $1,810 |
| 8 Bedrooms | $1,901 |
U.S. Census Bureau data (2024)
0.0% of the housing units in ZIP code 32639 are occupied by renters, indicating a predominantly owner-occupied area. This statistic suggests that landlords might find limited demand for rental properties here. However, the Fair Market Rent (FMR) for Section 8 in this zip code is set at $930 for the fiscal year 2024, which represents the maximum amount that can be charged for a subsidized rental unit under the program. Given the lack of data on market rent and median home values, it's challenging to provide a direct comparison between market conditions and Section 8 rates. Nonetheless, the absence of significant rental activity implies that any rental property could potentially command a premium due to low supply. The median income figure is also not available, making it difficult to assess the economic profile of potential tenants. With no days on market (DOM) or price-cut share data, there's insufficient information to gauge the typical performance of rental listings in terms of speed of occupancy or necessity for price adjustments. In conclusion, while the Section 8 rate of $930 may be competitive given the local context, the overall rental market appears underdeveloped, presenting both challenges and opportunities for landlords and small-portfolio investors.
Section 8 Verdict: Suitable for investors willing to navigate a low-renter-share environment, where the $930 Section 8 rate could offer a stable income source.
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.