For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 32004 (Ponte Vedra Beach, FL) is $2,090 a month. That is up 3.0% from $2,030 in FY 2026. Ponte Vedra Beach 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. Among 16 ZIP codes in St. Johns County, 32004 is tied for the 7th-highest two-bedroom rent (county range $1,280–$2,540). The median county two-bedroom FMR in Florida is $1,474, so ZIP 32004 is 42% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 32004
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,660
$1,730
+4.2%
$1,557–$1,903
1BR
$1,690
$1,750
+3.6%
$1,575–$1,925
2BR
$2,030
$2,090
+3.0%
$1,881–$2,299
3BR
$2,500
$2,560
+2.4%
$2,304–$2,816
4BR
$3,140
$3,200
+1.9%
$2,880–$3,520
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 32004
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,730
$1,750
$2,090
$2,560
$3,200
FY 2026
$1,660
$1,690
$2,030
$2,500
$3,140
FY 2025
$1,680
$1,760
$2,100
$2,630
$3,320
FY 2024
$1,490
$1,630
$1,930
$2,440
$3,100
FY 2023
$1,130
$1,300
$1,540
$1,980
$2,510
Two-bedroom rent in nearby St. Johns County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 32004?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,090, that basic range is $1,881 to $2,299 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 ZIP 32004 in?
ZIP 32004 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 ZIP 32004 for FY 2027?
The two-bedroom FMR rose 3.0%, from $2,030 in FY 2026 to $2,090 in FY 2027. Since FY 2023 it has risen 35.7%.
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