Section 8 Fair Market Rent (FMR) for ZIP 32950 - 2027

Investment Score for ZIP 32950

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

The classification of ZIP 32950 (Malabar, FL) on the axes of yield and stability reveals a nuanced picture for landlords and small-portfolio investors. Let's break down the key figures.

Yield: The Fair Market Rent (FMR) for 2024 in Malabar is $1660, which stands out against the backdrop of an average home value of $543,746. This suggests that rental income could be relatively low compared to property values, indicating a lower yield potential. However, without market rent data, it's challenging to provide a complete assessment of yield.

Stability: The stability indicators paint a clearer picture. With only 0.8% of residents being renters, the demand for rental properties is minimal. This low percentage of renters implies a less stable rental market due to limited tenant pool. Additionally, the median household income of $115,781 indicates a higher economic stability among residents, but it doesn't necessarily translate into a robust rental market if the majority of residents own homes.

Based on these figures, ZIP 32950 leans towards being a steady-cashflow zone. The relatively low FMR compared to the high home values suggests that while yields might not be exceptionally high, the rental income can still provide consistent cash flow given the stable income levels of the area. However, the low percentage of renters does hint at some instability, as finding tenants could be more challenging.

To further refine this analysis, consider the following points:

• The low number of renters means that competition for tenants could be fierce, potentially leading to longer days on the market (DOM).
• The high median income supports the idea that those who do rent are likely to be financially stable and capable of meeting their rent obligations.
• The absence of market rent data makes it difficult to assess the true yield potential, but the FMR provides a benchmark for what landlords can expect.

In conclusion, while ZIP 32950 offers a steady-cashflow environment due to the financial stability of its residents, the low percentage of renters and the lack of significant market rent data suggest it falls short of being a high-yield market. For landlords looking for reliable returns with moderate investment, this area could be considered, but they should prepare for a potentially competitive tenant acquisition process.

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.