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Duval County/Jacksonville/32221

32221

ZIPSAFMR
Duval County, FL
Zillow

ZIP Investment Score

88Below average

095130300
BRFMR
Eff. Rent
0 BR$1,600$1,430
1 BR$1,630$1,440
2 BR$1,940$1,530
3 BR$2,380$1,800
4 BR$2,970$2,030
5 BR$3,415Not available
6 BR$3,928Not available
7 BR$4,517Not available
8 BR$5,195Not available

Purchase Price Calculator

Maximum purchase price
$165,441

Cost breakdown

+Likely effective rent$1,530
HUD FMR$1,940
Market rentUsed$1,530
Est. payment standard (90%)$1,750
-Principal and interest-$837
Loan amount$132,353
Down payment$33,088
Rate6.50%
Term30 years
-Operating costs-$493
Property taxes-$165
Insurance-$175
Utilities$0
HOA$0
Management-$153
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$24,663(74.5% ROI)
Projected value
$178,162
Return breakdown
Property appreciation+$12,721
Loan principal paid down+$4,742
Rental cash flow+$7,200
5-year hold
+$42,196(127.5% ROI)
Projected value
$187,181
Return breakdown
Property appreciation+$21,740
Loan principal paid down+$8,456
Rental cash flow+$12,000
10-year hold
+$90,487(273.5% ROI)
Projected value
$211,778
Return breakdown
Property appreciation+$46,337
Loan principal paid down+$20,149
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.12
1 BR
1.13
2 BR
1.27
3 BR
1.32
4 BR
1.46
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 32221 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 32221 (Jacksonville, FL) is $1,940 a month. That is up 1.0% from $1,920 in FY 2026. Jacksonville 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 49 ZIP codes in Duval County, 32221 has the 14th-highest two-bedroom rent (county range $1,150–$2,540). The median county two-bedroom FMR in Florida is $1,474, so ZIP 32221 is 32% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 32221
BedroomsFY 2027Change90–110% range
Studio$1,600+1.9%$1,440–$1,760
1BR$1,630+1.9%$1,467–$1,793
2BR$1,940+1.0%$1,746–$2,134
3BR$2,380+0.4%$2,142–$2,618
4BR$2,9700.0%$2,673–$3,267

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 32221
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,600$1,630$1,940$2,380$2,970
FY 2026$1,570$1,600$1,920$2,370$2,970
FY 2025$1,600$1,680$2,000$2,500$3,170
FY 2024$1,420$1,550$1,840$2,330$2,960
FY 2023$1,100$1,270$1,500$1,930$2,440

Two-bedroom rent in nearby Duval County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 32221
32216$1,550−20.1%
32217$1,390−28.4%
32218$1,700−12.4%
32219$1,490−23.2%
32220$1,470−24.2%
32221Current$1,940—
32222$2,040+5.2%
32223$1,810−6.7%
32224$1,950+0.5%
32225$1,920−1.0%
32226$2,540+30.9%
32227$2,150+10.8%

Questions about ZIP 32221 rents

How much will Section 8 pay for a two-bedroom in ZIP 32221?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,940, that basic range is $1,746 to $2,134 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 32221 in?

ZIP 32221 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 32221 for FY 2027?

The two-bedroom FMR rose 1.0%, from $1,920 in FY 2026 to $1,940 in FY 2027. Since FY 2023 it has risen 29.3%.

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