FMR is near market; voucher and private rents are aligned.
1.02
4 BR
4 BR
1.15ratio
FMR$2,580
Market$2,240
vs market+$340
FMR is above market; underwrite to market rent.
1.15
0.700.800.901.001.101.201.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
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Tax rate
--
Mortgage rate
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ZIP 32143 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 32143 (Palm Coast, FL) is $1,760 a month. That is down 2.8% from $1,810 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, 32143 is tied for the 5th-highest two-bedroom rent (county range $1,280–$1,930). The median county two-bedroom FMR in Florida is $1,474, so ZIP 32143 is 19% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 32143
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,280
$1,330
+3.9%
$1,197–$1,463
1BR
$1,440
$1,380
−4.2%
$1,242–$1,518
2BR
$1,810
$1,760
−2.8%
$1,584–$1,936
3BR
$2,470
$2,360
−4.5%
$2,124–$2,596
4BR
$2,800
$2,580
−7.9%
$2,322–$2,838
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 32143
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,330
$1,380
$1,760
$2,360
$2,580
FY 2026
$1,280
$1,440
$1,810
$2,470
$2,800
FY 2025
$1,320
$1,330
$1,690
$2,320
$2,700
FY 2024
$1,160
$1,160
$1,470
$1,980
$2,340
FY 2023
$940
$1,110
$1,400
$1,850
$2,150
Two-bedroom rent in nearby Flagler County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 32143?
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 $1,760 it would be $1,584 to $1,936. 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 32143 in?
ZIP 32143 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 32143 for FY 2027?
The two-bedroom FMR fell 2.8%, from $1,810 in FY 2026 to $1,760 in FY 2027. Since FY 2023 it has risen 25.7%.
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