FMR is below market; voucher rent may lag private rents.
0.62
1 BR
1 BR
0.85ratio
FMR$1,060
Market$1,240
vs market-$180
FMR is below market; voucher rent may lag private rents.
0.85
3 BR
3 BR
0.89ratio
FMR$1,600
Market$1,790
vs market-$190
FMR is below market; voucher rent may lag private rents.
0.89
4 BR
4 BR
0.91ratio
FMR$1,720
Market$1,890
vs market-$170
FMR is near market; voucher and private rents are aligned.
0.91
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 32192 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 32192 (Sparr, FL) is $1,240 a month. That is down 9.5% from $1,370 in FY 2026. Sparr is in the Ocala, FL MSA. 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 $1,394. Among 45 ZIP codes in Marion County, 32192 is tied for the 32nd-highest two-bedroom rent (county range $1,240–$1,840). The median county two-bedroom FMR in Florida is $1,474, so ZIP 32192 is 16% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 32192
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,120
$1,020
−8.9%
$918–$1,122
1BR
$1,170
$1,060
−9.4%
$954–$1,166
2BR
$1,370
$1,240
−9.5%
$1,116–$1,364
3BR
$1,770
$1,600
−9.6%
$1,440–$1,760
4BR
$1,900
$1,720
−9.5%
$1,548–$1,892
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 32192
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,020
$1,060
$1,240
$1,600
$1,720
FY 2026
$1,120
$1,170
$1,370
$1,770
$1,900
FY 2025
$860
$950
$1,150
$1,460
$1,600
FY 2024
$950
$1,050
$1,270
$1,620
$1,770
FY 2023
$850
$920
$1,130
$1,450
$1,570
Two-bedroom rent in nearby Marion County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 32192?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,394, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,255 to $1,533 a month; under the ZIP-level Small Area FMR of $1,240 it would be $1,116 to $1,364. 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 32192 in?
ZIP 32192 is in the Ocala, FL MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,394.
How much did fair market rent change in ZIP 32192 for FY 2027?
The two-bedroom FMR fell 9.5%, from $1,370 in FY 2026 to $1,240 in FY 2027. Since FY 2023 it has risen 9.7%.
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