FMR is near market; voucher and private rents are aligned.
0.91
1 BR
1 BR- 32033
0.90ratio
FMR$1,710
Market$1,900
vs market-$190
FMR is near market; voucher and private rents are aligned.
0.90
2 BR
2 BR- 32033
1.06ratio
FMR$2,040
Market$1,920
vs market+$120
FMR is near market; voucher and private rents are aligned.
1.06
3 BR
3 BR- 32033
1.29ratio
FMR$2,500
Market$1,940
vs market+$560
FMR is above market; underwrite to market rent.
1.29
4 BR
4 BR- 32033
1.50ratio
FMR$3,120
Market$2,080
vs market+$1,040
FMR is above market; underwrite to market rent.
1.50
0.700.800.901.001.101.201.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
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Tax rate
--
Mortgage rate
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Elkton, FL fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Elkton, FL is $2,040 a month. That is down 0.5% from $2,050 in FY 2026. Elkton is in the Jacksonville, FL HUD Metro FMR Area, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. The median county two-bedroom FMR in Florida is $1,474, so Elkton is 38% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Elkton, FL
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,670
$1,690
+1.2%
$1,521–$1,859
1BR
$1,710
$1,710
0.0%
$1,539–$1,881
2BR
$2,050
$2,040
−0.5%
$1,836–$2,244
3BR
$2,530
$2,500
−1.2%
$2,250–$2,750
4BR
$3,170
$3,120
−1.6%
$2,808–$3,432
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Elkton, FL
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,690
$1,710
$2,040
$2,500
$3,120
FY 2026
$1,670
$1,710
$2,050
$2,530
$3,170
FY 2025
$1,660
$1,750
$2,080
$2,600
$3,290
FY 2024
$1,490
$1,630
$1,930
$2,440
$3,100
FY 2023
$1,150
$1,330
$1,570
$2,020
$2,560
Questions about Elkton, FL rents
How much will Section 8 pay for a two-bedroom in Elkton, FL?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,040, that basic range is $1,836 to $2,244 a month. 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 Elkton, FL in?
Elkton, FL is in the Jacksonville, FL HUD Metro FMR Area. HUD requires Small Area FMRs in this area, so payment standards are set by ZIP code.
How much did fair market rent change in Elkton, FL for FY 2027?
The two-bedroom FMR fell 0.5%, from $2,050 in FY 2026 to $2,040 in FY 2027. Since FY 2023 it has risen 29.9%.
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