Location: Dixie County, FL | Metro: Dixie County, FL
| Unit Size | Monthly FMR |
|---|---|
| Studio | $920 |
| 1 Bedroom | $950 |
| 2 Bedrooms | $1,060 |
| 3 Bedrooms | $1,400 |
| 4 Bedrooms | $1,400 |
| 5 Bedrooms | $1,624 |
| 6 Bedrooms | $1,819 |
| 7 Bedrooms | $1,965 |
| 8 Bedrooms | $2,063 |
U.S. Census Bureau data (2024)
The analysis of ZIP code 32648, located in Dixie County, FL, reveals several critical points for landlords and small-portfolio investors.
Firstly, regarding the rent math, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,170. However, the absence of current market rent data (N/A) makes it impossible to conduct a direct comparison. This lack of information poses a risk, as it's unclear whether the FMR accurately reflects the local rental market conditions.
Secondly, the acquisition cost is relatively low, with a median home value of $222,881. The data does not provide insights into the days on market (DOM) or the percentage of homes that have had their prices cut, which could offer additional context on the affordability and liquidity of property acquisitions in this area.
Lastly, tenant demand appears to be minimal. With a population of 510, only 0.0% of residents are renters, indicating a predominantly owner-occupied community. This statistic suggests a limited pool of potential tenants, which could pose challenges for landlords seeking steady occupancy rates.
Verdict: ZIP 32648 presents an environment where property acquisition is financially feasible due to the low median home value. However, the lack of market rent data and the extremely low renter share of the population make it a challenging investment for rental properties. Landlords should proceed with caution, considering the risks associated with both uncertain rental income and limited tenant demand.
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.