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Duval County/Jacksonville/32246

32246

ZIPSAFMR
Duval County, FL
Zillow

ZIP Investment Score

84Below average

095130300
BRFMR
Eff. Rent
0 BR$1,730$1,360
1 BR$1,750$1,410
2 BR$2,090$1,730
3 BR$2,560$1,990
4 BR$3,200$2,600
5 BR$3,680Not available
6 BR$4,232Not available
7 BR$4,867Not available
8 BR$5,597Not available

Purchase Price Calculator

Maximum purchase price
$195,161

Cost breakdown

+Likely effective rent$1,730
HUD FMR$2,090
Market rentUsed$1,730
Est. payment standard (90%)$1,880
-Principal and interest-$987
Loan amount$156,129
Down payment$39,032
Rate6.50%
Term30 years
-Operating costs-$543
Property taxes-$195
Insurance-$175
Utilities$0
HOA$0
Management-$173
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$27,800(71.2% ROI)
Projected value
$210,167
Return breakdown
Property appreciation+$15,006
Loan principal paid down+$5,594
Rental cash flow+$7,200
5-year hold
+$47,621(122.0% ROI)
Projected value
$220,807
Return breakdown
Property appreciation+$25,646
Loan principal paid down+$9,975
Rental cash flow+$12,000
10-year hold
+$102,430(262.4% ROI)
Projected value
$249,822
Return breakdown
Property appreciation+$54,662
Loan principal paid down+$23,769
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.27
1 BR
1.24
2 BR
1.21
3 BR
1.29
4 BR
1.23
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 32246 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 32246 (Jacksonville, FL) is $2,090 a month. That is up 2.0% from $2,050 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, 32246 has the 10th-highest two-bedroom rent (county range $1,150–$2,540). The median county two-bedroom FMR in Florida is $1,474, so ZIP 32246 is 42% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 32246
BedroomsFY 2027Change90–110% range
Studio$1,730+3.6%$1,557–$1,903
1BR$1,750+2.3%$1,575–$1,925
2BR$2,090+2.0%$1,881–$2,299
3BR$2,560+1.2%$2,304–$2,816
4BR$3,200+0.9%$2,880–$3,520

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 32246
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,730$1,750$2,090$2,560$3,200
FY 2026$1,670$1,710$2,050$2,530$3,170
FY 2025$1,650$1,740$2,070$2,590$3,280
FY 2024$1,450$1,580$1,870$2,360$3,010
FY 2023$1,130$1,300$1,540$1,980$2,510

Two-bedroom rent in nearby Duval County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 32246
32236$1,660−20.6%
32238$1,660−20.6%
32239$1,660−20.6%
32240$1,660−20.6%
32241$1,660−20.6%
32244$1,740−16.7%
32245$1,660−20.6%
32246Current$2,090—
32247$1,660−20.6%
32250$2,140+2.4%
32254$1,340−35.9%
32255$1,660−20.6%

Questions about ZIP 32246 rents

How much will Section 8 pay for a two-bedroom in ZIP 32246?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,090, that basic range is $1,881 to $2,299 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 32246 in?

ZIP 32246 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 32246 for FY 2027?

The two-bedroom FMR rose 2.0%, from $2,050 in FY 2026 to $2,090 in FY 2027. Since FY 2023 it has risen 35.7%.

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

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