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Flagler County/Palm Coast/32137

32137

ZIPSAFMR
Flagler County, FL
Zillow

ZIP Investment Score

73Below average

095130300
BRFMR
Eff. Rent
0 BR$1,420$1,180
1 BR$1,470$1,400
2 BR$1,880$1,880
3 BR$2,520$2,120
4 BR$2,760$2,340
5 BR$3,174Not available
6 BR$3,650Not available
7 BR$4,198Not available
8 BR$4,827Not available

Purchase Price Calculator

Maximum purchase price
$217,451

Cost breakdown

+Likely effective rent$1,880
HUD FMRUsed$1,880
Market rentN/A
Est. payment standardN/A
-Principal and interest-$1,100
Loan amount$173,961
Down payment$43,490
Rate6.50%
Term30 years
-Operating costs-$580
Property taxes-$217
Insurance-$175
Utilities$0
HOA$0
Management-$188
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$30,153(69.3% ROI)
Projected value
$234,171
Return breakdown
Property appreciation+$16,720
Loan principal paid down+$6,233
Rental cash flow+$7,200
5-year hold
+$51,689(118.9% ROI)
Projected value
$246,026
Return breakdown
Property appreciation+$28,575
Loan principal paid down+$11,114
Rental cash flow+$12,000
10-year hold
+$111,388(256.1% ROI)
Projected value
$278,355
Return breakdown
Property appreciation+$60,905
Loan principal paid down+$26,484
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.20
1 BR
1.05
3 BR
1.19
4 BR
1.18
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 32137 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 32137 (Palm Coast, FL) is $1,880 a month. That is down 2.1% from $1,920 in FY 2026. Palm Coast is in the Palm Coast, 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 $1,758. Among 11 ZIP codes in Flagler County, 32137 has the 2nd-highest two-bedroom rent (county range $1,280–$1,930). The median county two-bedroom FMR in Florida is $1,474, so ZIP 32137 is 28% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 32137
BedroomsFY 2027Change90–110% range
Studio$1,420+4.4%$1,278–$1,562
1BR$1,470−3.3%$1,323–$1,617
2BR$1,880−2.1%$1,692–$2,068
3BR$2,520−3.8%$2,268–$2,772
4BR$2,760−7.1%$2,484–$3,036

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 32137
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,420$1,470$1,880$2,520$2,760
FY 2026$1,360$1,520$1,920$2,620$2,970
FY 2025$1,400$1,410$1,790$2,450$2,860
FY 2024$1,210$1,220$1,540$2,080$2,460
FY 2023$980$1,170$1,470$1,940$2,260

Two-bedroom rent in nearby Flagler County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 32137
32080$1,930+2.7%
32086$1,790−4.8%
32110$1,630−13.3%
32135$1,760−6.4%
32136$1,630−13.3%
32137Current$1,880—
32143$1,760−6.4%
32145$1,280−31.9%
32164$1,790−4.8%
32174$1,630−13.3%
32180$1,630−13.3%

Questions about ZIP 32137 rents

How much will Section 8 pay for a two-bedroom in ZIP 32137?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,758, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,582 to $1,934 a month; under the ZIP-level Small Area FMR of $1,880 it would be $1,692 to $2,068. 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 32137 in?

ZIP 32137 is in the Palm Coast, FL HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,758.

How much did fair market rent change in ZIP 32137 for FY 2027?

The two-bedroom FMR fell 2.1%, from $1,920 in FY 2026 to $1,880 in FY 2027. Since FY 2023 it has risen 27.9%.

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 rentPalm Coast, FL fair market rentFL statewide rentsWhat is SAFMR?Data sources