Fair Market Rent for ZIP 32208
FY2025 HUD Small Area Fair Market Rent — use as a rent floor for Section 8 underwriting and buy-and-hold cash flow estimates.
FY2025 HUD FMR by Bedroom
Source: HUD SAFMR via hisec8 mirror. These are HUD's published Small Area Fair Market Rents for ZIP 32208.
| Bedroom Count | Monthly FMR |
|---|---|
| Studio (0 BR) | $1,180 |
| 1 Bedroom | $1,210 |
| 2 Bedroom | $1,480 |
| 3 Bedroom | $1,850 |
| 4 Bedroom | $2,340 |
How Investors Use FMR in This ZIP
Fair Market Rent is a HUD underwriting standard — not a guarantee of what your property will rent for on the street. Investors use FMR in two main ways:
- Section 8 floor: If you plan to accept Section 8 vouchers, FMR sets the maximum the voucher will cover. Your actual rent can't exceed FMR for voucher tenants.
- Rent estimate baseline: When Zillow or RentCast data is unavailable, investors use FMR as a conservative rent estimate to calculate cash flow and cap rate.
Important: FMR is not the same as market rent. Always cross-check with recent rent comps or Zillow Rent Zestimate before finalizing your offer.
Ask vs MAO Still Decides the Deal
Rent is one input — but ask vs MAO determines whether you should make an offer. Use DealBeast to see ARV, rehab cost, and your Maximum Allowable Offer (MAO) in under 30 seconds. If the asking price is above your MAO, walk away or negotiate.
Nearby Investor ZIPs in Jacksonville
Compare FMR data for other Jacksonville ZIPs to find rental pockets with higher FMR ceilings.
Jacksonville Real Estate Deal Analysis
Looking for investor benchmarks, comps data, and sample deals in Jacksonville? Visit our Jacksonville market guide.
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Frequently Asked Questions
What is HUD Fair Market Rent (FMR)?
HUD Fair Market Rent is the estimated rent a property would command in the current market if it were available today. The U.S. Department of Housing and Urban Development publishes FMR annually for Section 8 voucher payments and as an underwriting reference. FMR is not a promise of what street rent will be — it's a HUD payment standard.
Is FMR the same as market rent?
No. FMR is a benchmark set by HUD to establish Section 8 voucher maximums and help underwriters estimate rent potential. Actual market rent can be higher or lower depending on property condition, location, and demand. Always verify street rents with a rent comps report or Zillow Rent Zestimate.
How do I use FMR when calculating MAO?
Use FMR as a rent floor when underwriting buy-and-hold or BRRRR deals. Check if the property is likely to qualify for Section 8, then use FMR to estimate monthly rent. From there, calculate your cash flow, cap rate, and back into your Maximum Allowable Offer (MAO) using the 70% rule or BRRRR formula.
Where does DealBeast show rent estimates?
When you paste an address into DealBeast, the analysis includes a rent estimate from Zillow (when available) and displays monthly cash flow and cap rate. Use FMR data as a cross-check for Section 8-eligible properties or when Zillow rent data is missing.
Can I rely on FMR for wholesaling?
Wholesalers usually focus on ARV and MAO, not rent. FMR is helpful if your buyer plans to hold the property as a rental, or if you're pitching a deal's cash flow potential. When wholesaling, focus on ask vs MAO first — rent matters more for hold strategies.