FMR is below market; voucher rent may lag private rents.
0.88
1 BR
1 BR- 32131
0.94ratio
FMR$1,200
Market$1,280
vs market-$80
FMR is near market; voucher and private rents are aligned.
0.94
3 BR
3 BR- 32131
1.02ratio
FMR$1,790
Market$1,750
vs market+$40
FMR is near market; voucher and private rents are aligned.
1.02
4 BR
4 BR- 32131
1.19ratio
FMR$2,270
Market$1,900
vs market+$370
FMR is above market; underwrite to market rent.
1.19
0.700.800.901.001.101.201.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
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East Palatka, FL fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in East Palatka, FL is $1,420 a month. That is down 9.6% from $1,570 in FY 2026. East Palatka is in the Putnam County, FL non-metropolitan FMR area. 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 county-wide two-bedroom FMR of $1,040. The median county two-bedroom FMR in Florida is $1,474, so East Palatka is 4% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for East Palatka, FL
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,220
$1,100
−9.8%
$990–$1,210
1BR
$1,330
$1,200
−9.8%
$1,080–$1,320
2BR
$1,570
$1,420
−9.6%
$1,278–$1,562
3BR
$1,980
$1,790
−9.6%
$1,611–$1,969
4BR
$2,520
$2,270
−9.9%
$2,043–$2,497
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for East Palatka, FL
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,100
$1,200
$1,420
$1,790
$2,270
FY 2026
$1,220
$1,330
$1,570
$1,980
$2,520
FY 2025
$1,350
$1,470
$1,740
$2,200
$2,790
FY 2024
$1,490
$1,630
$1,930
$2,440
$3,100
FY 2023
$1,130
$1,300
$1,540
$1,980
$2,510
Questions about East Palatka, FL rents
How much will Section 8 pay for a two-bedroom in East Palatka, FL?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,040, which applies unless the housing authority uses Small Area FMRs, that basic range is $936 to $1,144 a month; under the ZIP-level Small Area FMR of $1,420 it would be $1,278 to $1,562. 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 East Palatka, FL in?
East Palatka, FL is in the Putnam County, FL non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,040.
How much did fair market rent change in East Palatka, FL for FY 2027?
The two-bedroom FMR fell 9.6%, from $1,570 in FY 2026 to $1,420 in FY 2027. Since FY 2023 it has fallen 7.8%.
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