FMR is near market; voucher and private rents are aligned.
0.91
1 BR
1 BR- 32754
0.93ratio
FMR$1,220
Market$1,310
vs market-$90
FMR is near market; voucher and private rents are aligned.
0.93
2 BR
2 BR- 32754
0.80ratio
FMR$1,430
Market$1,780
vs market-$350
FMR is below market; voucher rent may lag private rents.
0.80
3 BR
3 BR- 32754
0.94ratio
FMR$1,910
Market$2,040
vs market-$130
FMR is near market; voucher and private rents are aligned.
0.94
4 BR
4 BR- 32754
0.99ratio
FMR$2,170
Market$2,200
vs market-$30
FMR is near market; voucher and private rents are aligned.
0.99
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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Mims, FL fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Mims, FL is $1,430 a month. That is up 3.6% from $1,380 in FY 2026. Mims is in the Palm Bay-Melbourne-Titusville, FL MSA, 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 Mims is 3% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Mims, FL
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,020
$1,070
+4.9%
$963–$1,177
1BR
$1,190
$1,220
+2.5%
$1,098–$1,342
2BR
$1,380
$1,430
+3.6%
$1,287–$1,573
3BR
$1,880
$1,910
+1.6%
$1,719–$2,101
4BR
$2,130
$2,170
+1.9%
$1,953–$2,387
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Mims, FL
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,070
$1,220
$1,430
$1,910
$2,170
FY 2026
$1,020
$1,190
$1,380
$1,880
$2,130
FY 2025
$1,010
$1,180
$1,370
$1,870
$2,130
FY 2024
$880
$1,040
$1,230
$1,660
$1,930
FY 2023
$820
$970
$1,170
$1,560
$1,840
Questions about Mims, FL rents
How much will Section 8 pay for a two-bedroom in Mims, FL?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,430, that basic range is $1,287 to $1,573 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 Mims, FL in?
Mims, FL is in the Palm Bay-Melbourne-Titusville, FL MSA. HUD requires Small Area FMRs in this area, so payment standards are set by ZIP code.
How much did fair market rent change in Mims, FL for FY 2027?
The two-bedroom FMR rose 3.6%, from $1,380 in FY 2026 to $1,430 in FY 2027. Since FY 2023 it has risen 22.2%.
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