Location: Gainesville, FL | Metro: Levy County, FL HUD Metro FMR Area
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,500 |
| 1 Bedroom | $1,560 |
| 2 Bedrooms | $1,850 |
| 3 Bedrooms | $2,270 |
| 4 Bedrooms | $2,430 |
| 5 Bedrooms | $2,819 |
| 6 Bedrooms | $3,157 |
| 7 Bedrooms | $3,410 |
| 8 Bedrooms | $3,581 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $1,560 | $160,217 | 0.97% | C |
| 2BR | $1,850 | $228,039 | 0.81% | C |
| 3BR | $2,270 | $316,591 | 0.72% | D |
| 4BR | $2,430 | $434,395 | 0.56% | F |
| 5BR | $2,819 | $483,903 | 0.58% | F |
U.S. Census Bureau data (2024)
Newberry, FL, located in Alachua County, has a unique demographic profile that sets it apart from other ZIP codes in the region. With a total population of 17,704, only 12.5% of residents are renters, indicating a primarily owner-occupied market. The median household income stands at $99,548, which is above the national average, suggesting a relatively affluent community. However, the median home value of $347,871 is notably lower than many comparable areas, making homeownership more accessible.
The economics of Section 8 vouchers in Newberry are particularly interesting. The Fair Market Rent (FMR) for a one-bedroom unit in ZIP 32669 for fiscal year 2024 is set at $1,440, significantly below the market rate, which is estimated at $2,142 based on ZORI (Zillow's Observed Rental Index). This discrepancy means that landlords who accept Section 8 vouchers can expect to receive a subsidy that covers less than half of the typical market rent for a one-bedroom apartment in the area. For a two-bedroom unit, the FMR is likely to be even further below the market rate, potentially deterring some landlords from participating in the program.
Given these figures, the data signature for ZIP 32669 reads as stable. The low percentage of renters combined with a high median income suggests a community where most residents can afford market-rate housing. The disparity between FMR and market rates indicates that while Section 8 vouchers can help some tenants, they are unlikely to cover the full cost of rent in Newberry. Therefore, landlords should carefully consider the financial implications before deciding to accept vouchers.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.