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Putnam County/East Palatka/32131

32131

ZIPSAFMR
Putnam County, FL
Zillow

ZIP Investment Score

77Below average

095130300
BRFMR
Eff. Rent
0 BR$1,100$1,200
1 BR$1,200$1,250
2 BR$1,420$1,420
3 BR$1,790$1,750
4 BR$2,270$1,900
5 BR$2,611Not available
6 BR$3,002Not available
7 BR$3,452Not available
8 BR$3,970Not available

Purchase Price Calculator

Maximum purchase price
$149,095

Cost breakdown

+Likely effective rent$1,420
HUD FMRUsed$1,420
Market rentN/A
Est. payment standardN/A
-Principal and interest-$754
Loan amount$119,276
Down payment$29,819
Rate6.50%
Term30 years
-Operating costs-$466
Property taxes-$149
Insurance-$175
Utilities$0
HOA$0
Management-$142
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$22,937(76.9% ROI)
Projected value
$160,559
Return breakdown
Property appreciation+$11,464
Loan principal paid down+$4,273
Rental cash flow+$7,200
5-year hold
+$39,213(131.5% ROI)
Projected value
$168,687
Return breakdown
Property appreciation+$19,592
Loan principal paid down+$7,621
Rental cash flow+$12,000
10-year hold
+$83,918(281.4% ROI)
Projected value
$190,854
Return breakdown
Property appreciation+$41,759
Loan principal paid down+$18,158
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.88
1 BR
0.94
3 BR
1.02
4 BR
1.19
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 32131 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 32131 (East Palatka, FL) is $1,420 a month. That is down 9.6% from $1,570 in FY 2026. East Palatka is in the Putnam County, FL non-metropolitan 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 county-wide two-bedroom FMR of $1,040. Among 20 ZIP codes in Putnam County, 32131 has the 3rd-highest two-bedroom rent (county range $990–$1,690). The median county two-bedroom FMR in Florida is $1,474, so ZIP 32131 is 4% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 32131
BedroomsFY 2027Change90–110% range
Studio$1,100−9.8%$990–$1,210
1BR$1,200−9.8%$1,080–$1,320
2BR$1,420−9.6%$1,278–$1,562
3BR$1,790−9.6%$1,611–$1,969
4BR$2,270−9.9%$2,043–$2,497

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 32131
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,100$1,200$1,420$1,790$2,270
FY 2026$1,220$1,330$1,570$1,980$2,520
FY 2025$1,350$1,470$1,740$2,200$2,790
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 Putnam County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 32131
32112$1,530+7.7%
32131Current$1,420—
32134$1,370−3.5%
32139$1,040−26.8%
32140$1,330−6.3%
32145$1,280−9.9%
32147$1,050−26.1%
32148$1,040−26.8%
32157$1,160−18.3%
32177$1,090−23.2%
32178$1,050−26.1%
32181$1,040−26.8%

Questions about ZIP 32131 rents

How much will Section 8 pay for a two-bedroom in ZIP 32131?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,040, which applies unless the housing authority uses Small Area FMRs, that basic range is $936 to $1,144 a month; under the ZIP-level Small Area FMR of $1,420 it would be $1,278 to $1,562. 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 32131 in?

ZIP 32131 is in the Putnam County, FL non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,040.

How much did fair market rent change in ZIP 32131 for FY 2027?

The two-bedroom FMR fell 9.6%, from $1,570 in FY 2026 to $1,420 in FY 2027. Since FY 2023 it has fallen 7.8%.

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 rentEast Palatka, FL fair market rentFL statewide rentsWhat is SAFMR?Data sources