FMR is near market; voucher and private rents are aligned.
0.91
1 BR
1 BR- 32580
0.97ratio
FMR$1,490
Market$1,540
vs market-$50
FMR is near market; voucher and private rents are aligned.
0.97
2 BR
2 BR- 32580
0.92ratio
FMR$1,670
Market$1,820
vs market-$150
FMR is near market; voucher and private rents are aligned.
0.92
3 BR
3 BR- 32580
1.04ratio
FMR$2,290
Market$2,210
vs market+$80
FMR is near market; voucher and private rents are aligned.
1.04
4 BR
4 BR- 32580
0.95ratio
FMR$2,790
Market$2,950
vs market-$160
FMR is near market; voucher and private rents are aligned.
0.95
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
--
Valparaiso, FL fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Valparaiso, FL is $1,670 a month. That is up 2.5% from $1,630 in FY 2026. Valparaiso is in the Crestview-Fort Walton Beach-Destin, 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 $1,908. The median county two-bedroom FMR in Florida is $1,474, so Valparaiso is 13% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Valparaiso, FL
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,240
$1,240
0.0%
$1,116–$1,364
1BR
$1,440
$1,490
+3.5%
$1,341–$1,639
2BR
$1,630
$1,670
+2.5%
$1,503–$1,837
3BR
$2,240
$2,290
+2.2%
$2,061–$2,519
4BR
$2,720
$2,790
+2.6%
$2,511–$3,069
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Valparaiso, FL
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,240
$1,490
$1,670
$2,290
$2,790
FY 2026
$1,240
$1,440
$1,630
$2,240
$2,720
FY 2025
$1,170
$1,340
$1,510
$2,100
$2,540
FY 2024
$1,210
$1,320
$1,530
$2,070
$2,560
FY 2023
$1,070
$1,140
$1,330
$1,770
$2,270
Questions about Valparaiso, FL rents
How much will Section 8 pay for a two-bedroom in Valparaiso, FL?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,908, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,717 to $2,099 a month; under the ZIP-level Small Area FMR of $1,670 it would be $1,503 to $1,837. 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 Valparaiso, FL in?
Valparaiso, FL is in the Crestview-Fort Walton Beach-Destin, FL HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,908.
How much did fair market rent change in Valparaiso, FL for FY 2027?
The two-bedroom FMR rose 2.5%, from $1,630 in FY 2026 to $1,670 in FY 2027. Since FY 2023 it has risen 25.6%.
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