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Baker, FL

CitySAFMR
Santa Rosa County
Found 1 ZIP

City Median Investment Score

119Above average

095130300
BRFMR
Eff. Rent
0 BR$1,230$1,230
1 BR$1,430$1,430
2 BR$1,610$1,610
3 BR$2,210$2,210
4 BR$2,690$2,690
5 BR$3,093Not available
6 BR$3,558Not available
7 BR$4,091Not available
8 BR$4,705Not available

Purchase Price Calculator

Maximum purchase price
$177,329

Cost breakdown

+Likely effective rent$1,610
HUD FMRUsed$1,610
Market rentN/A
Est. payment standardN/A
-Principal and interest-$897
Loan amount$141,863
Down payment$35,466
Rate6.50%
Term30 years
-Operating costs-$513
Property taxes-$177
Insurance-$175
Utilities$0
HOA$0
Management-$161
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$25,918(73.1% ROI)
Projected value
$190,964
Return breakdown
Property appreciation+$13,635
Loan principal paid down+$5,083
Rental cash flow+$7,200
5-year hold
+$44,366(125.1% ROI)
Projected value
$200,631
Return breakdown
Property appreciation+$23,302
Loan principal paid down+$9,064
Rental cash flow+$12,000
10-year hold
+$95,264(268.6% ROI)
Projected value
$226,996
Return breakdown
Property appreciation+$49,667
Loan principal paid down+$21,597
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Not enough rental comps in this area to determine how FMR aligns with current market rates.

Historical
FY 2023-2027
FMR
FY2027
Property value
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Tax rate
--
Mortgage rate
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Baker, FL fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Baker, FL is $1,610 a month. That is up 11.0% from $1,450 in FY 2026. Baker is in the Pensacola-Ferry Pass-Brent, FL MSA. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the metro-wide two-bedroom FMR of $1,548. The median county two-bedroom FMR in Florida is $1,474, so Baker is 9% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for Baker, FL
BedroomsFY 2027Change90–110% range
Studio$1,230+11.8%$1,107–$1,353
1BR$1,430+13.5%$1,287–$1,573
2BR$1,610+11.0%$1,449–$1,771
3BR$2,210+12.2%$1,989–$2,431
4BR$2,690+13.0%$2,421–$2,959

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for Baker, FL
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,230$1,430$1,610$2,210$2,690
FY 2026$1,100$1,260$1,450$1,970$2,380
FY 2025$1,090$1,190$1,380$1,860$2,310
FY 2024$960$1,040$1,210$1,640$2,030
FY 2023$910$970$1,130$1,510$1,920

Questions about Baker, FL rents

How much will Section 8 pay for a two-bedroom in Baker, FL?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,548, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,393 to $1,703 a month; under the ZIP-level Small Area FMR of $1,610 it would be $1,449 to $1,771. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.

Which HUD fair market rent area is Baker, FL in?

Baker, FL is in the Pensacola-Ferry Pass-Brent, FL MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,548.

How much did fair market rent change in Baker, FL for FY 2027?

The two-bedroom FMR rose 11.0%, from $1,450 in FY 2026 to $1,610 in FY 2027. Since FY 2023 it has risen 42.5%.

When do FY 2027 fair market rents take effect?

HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.

Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set