FMR is below market; voucher rent may lag private rents.
0.64
1 BR
1 BR- 32439
0.78ratio
FMR$1,320
Market$1,700
vs market-$380
FMR is below market; voucher rent may lag private rents.
0.78
2 BR
2 BR- 32439
0.76ratio
FMR$1,440
Market$1,900
vs market-$460
FMR is below market; voucher rent may lag private rents.
0.76
3 BR
3 BR- 32439
0.94ratio
FMR$1,990
Market$2,120
vs market-$130
FMR is near market; voucher and private rents are aligned.
0.94
4 BR
4 BR- 32439
0.88ratio
FMR$2,410
Market$2,740
vs market-$330
FMR is below market; voucher rent may lag private rents.
0.88
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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Freeport, FL fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Freeport, FL is $1,440 a month. That is up 8.3% from $1,330 in FY 2026. Freeport is in the Walton County, FL HUD Metro 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 metro-wide two-bedroom FMR of $1,474. The median county two-bedroom FMR in Florida is $1,474, so Freeport is 2% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Freeport, FL
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,030
$1,100
+6.8%
$990–$1,210
1BR
$1,210
$1,320
+9.1%
$1,188–$1,452
2BR
$1,330
$1,440
+8.3%
$1,296–$1,584
3BR
$1,850
$1,990
+7.6%
$1,791–$2,189
4BR
$2,230
$2,410
+8.1%
$2,169–$2,651
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Freeport, FL
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,100
$1,320
$1,440
$1,990
$2,410
FY 2026
$1,030
$1,210
$1,330
$1,850
$2,230
FY 2025
$940
$1,080
$1,200
$1,680
$2,020
FY 2024
$960
$1,080
$1,210
$1,620
$2,000
FY 2023
$910
$1,040
$1,170
$1,530
$1,790
Questions about Freeport, FL rents
How much will Section 8 pay for a two-bedroom in Freeport, FL?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,474, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,327 to $1,621 a month; under the ZIP-level Small Area FMR of $1,440 it would be $1,296 to $1,584. 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 Freeport, FL in?
Freeport, FL is in the Walton County, FL HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,474.
How much did fair market rent change in Freeport, FL for FY 2027?
The two-bedroom FMR rose 8.3%, from $1,330 in FY 2026 to $1,440 in FY 2027. Since FY 2023 it has risen 23.1%.
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