Clay County/Fleming Island/32006

32006

ZIPSAFMR

Clay County, FL

ZIP Investment Score

095130300

BR	FMR	Eff. Rent	3Y CAGR
0 BR	$1,430	$1,500	3.5%
1 BR	$1,450	$1,460	0.9%
2 BR	$1,730	$1,740	1.2%
3 BR	$2,120	$1,980	0.2%
4 BR	$2,650	$2,450	-0.5%
5 BR	$3,047	Not available	-0.5%
6 BR	$3,505	Not available	-0.5%
7 BR	$4,030	Not available	-0.5%
8 BR	$4,635	Not available	-0.5%

Purchase Price Calculator

Maximum purchase price

$196,647

Cost breakdown

+Likely effective rent$1,740

HUD FMR$1,730

Market rent$1,750

Est. payment standard (101%)Used$1,740

-Principal and interest-$994

Loan amount$157,317

Down payment$39,329

Rate6.50%

Term30 years

-Operating costs-$546

Property taxes-$197

Insurance-$175

Utilities$0

HOA$0

Management-$174

=Target cash flow+$200

Calculation mode

BedroomsCash-flow target

Down payment methodDown payment %

HOA / mo

Utilities methodUtilities amount

Management methodManagement % of rent

Hold period projections

Annual appreciation rate

3-year hold

+$27,957(71.1% ROI)

Projected value

$211,767

Return breakdown

Property appreciation+$15,120

Loan principal paid down+$5,636

Rental cash flow+$7,200

5-year hold

+$47,892(121.8% ROI)

Projected value

$222,488

Return breakdown

Property appreciation+$25,841

Loan principal paid down+$10,051

Rental cash flow+$12,000

10-year hold

+$103,028(262.0% ROI)

Projected value

$251,725

Return breakdown

Property appreciation+$55,078

Loan principal paid down+$23,950

Rental cash flow+$24,000

Public Housing Authority

Rolodex

Market Alignment

Studio

0.93ratio

FMR$1,430

Market$1,540

vs market-$110

FMR is near market; voucher and private rents are aligned.

0.93

1 BR

0.99ratio

FMR$1,450

Market$1,460

vs market-$10

FMR is near market; voucher and private rents are aligned.

0.99

2 BR

0.99ratio

FMR$1,730

Market$1,750

vs market-$20

FMR is near market; voucher and private rents are aligned.

0.99

3 BR

1.07ratio

FMR$2,120

Market$1,980

vs market+$140

FMR is near market; voucher and private rents are aligned.

1.07

4 BR

1.08ratio

FMR$2,650

Market$2,450

vs market+$200

FMR is near market; voucher and private rents are aligned.

1.08

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: --

ZIP 32006 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 32006 (Fleming Island, FL) is $1,730 a month. That is up 0.6% from $1,720 in FY 2026. Fleming Island 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 Clay County, 32006 is tied for the 4th-highest two-bedroom rent (county range $980–$2,260). The median county two-bedroom FMR in Florida is $1,474, so ZIP 32006 is 17% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 32006
Bedrooms	FY 2026	FY 2027	Change	90–110% range
Studio	$1,410	$1,430	+1.4%	$1,287–$1,573
1BR	$1,430	$1,450	+1.4%	$1,305–$1,595
2BR	$1,720	$1,730	+0.6%	$1,557–$1,903
3BR	$2,120	$2,120	0.0%	$1,908–$2,332
4BR	$2,660	$2,650	−0.4%	$2,385–$2,915

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 32006
Fiscal year	Studio	1BR	2BR	3BR	4BR
FY 2027	$1,430	$1,450	$1,730	$2,120	$2,650
FY 2026	$1,410	$1,430	$1,720	$2,120	$2,660
FY 2025	$1,440	$1,510	$1,800	$2,250	$2,850
FY 2024	$1,290	$1,410	$1,670	$2,110	$2,690
FY 2023	$1,000	$1,150	$1,360	$1,750	$2,220

Two-bedroom rent in nearby Clay County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code	2 bedroom	vs. 32006
32003	$2,260	+30.6%
32006Current	$1,730	—
32043	$1,690	−2.3%
32050	$1,730	0.0%
32058	$1,200	−30.6%
32065	$1,970	+13.9%
32067	$1,730	0.0%
32068	$1,630	−5.8%
32073	$1,650	−4.6%
32079	$1,830	+5.8%
32091	$980	−43.4%
32140	$1,330	−23.1%

Questions about ZIP 32006 rents

How much will Section 8 pay for a two-bedroom in ZIP 32006?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,730, that basic range is $1,557 to $1,903 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 32006 in?

ZIP 32006 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 32006 for FY 2027?

The two-bedroom FMR rose 0.6%, from $1,720 in FY 2026 to $1,730 in FY 2027. Since FY 2023 it has risen 27.2%.

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

County fair market rent Fleming Island, FL fair market rent FL statewide rents What is SAFMR?Data sources