32408
ZIPSAFMR
Bay County, FL
BRFMR
Eff. Rent
0 BR$1,390$1,470
1 BR$1,440$1,510
2 BR$1,640$1,740
3 BR$2,110$2,320
4 BR$2,620$2,880
5 BR$3,013
6 BR$3,465
7 BR$3,985
8 BR$4,582

Purchase Price Calculator

Maximum purchase price
$196,647

Cost breakdown

+Likely effective rent$1,740
HUD FMR$1,640
Market rent$1,790
Est. payment standard (106%)Used$1,740
Estimated payment standard is $1,740 (106% of FMR).
-Principal and interest-$994
Loan amount$157,317
Down payment$39,329
Rate6.50%
Term30 years
-Operating costs-$546
Property taxes-$197
Insurance-$175
Utilities$0
HOA$0
Management-$174
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$27,957(71.1% ROI)
Projected value
$211,767
Current value$196,647
Return breakdown
Property appreciation+$15,120
Loan principal paid down+$5,636
Rental cash flow+$7,200
5-year hold
+$47,892(121.8% ROI)
Projected value
$222,488
Current value$196,647
Return breakdown
Property appreciation+$25,841
Loan principal paid down+$10,051
Rental cash flow+$12,000
10-year hold
+$103,028(262.0% ROI)
Projected value
$251,725
Current value$196,647
Return breakdown
Property appreciation+$55,078
Loan principal paid down+$23,950
Rental cash flow+$24,000

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Market Alignment

FMR / market rent by bedroom; grey wings show the 90-110% payment-standard spread.

Studio
Studio
0.91ratio
FMR$1,390
Market$1,520
vs market-$130

FMR is near market; voucher and private rents are aligned.

90% standard$1,251 / 0.82 ratio110% standard$1,529 / 1.01 ratio
0.91
1 BR
1 BR
0.94ratio
FMR$1,440
Market$1,540
vs market-$100

FMR is near market; voucher and private rents are aligned.

90% standard$1,296 / 0.84 ratio110% standard$1,584 / 1.03 ratio
0.94
2 BR
2 BR
0.92ratio
FMR$1,640
Market$1,790
vs market-$150

FMR is near market; voucher and private rents are aligned.

90% standard$1,476 / 0.82 ratio110% standard$1,804 / 1.01 ratio
0.92
3 BR
3 BR
0.86ratio
FMR$2,110
Market$2,450
vs market-$340

FMR is below market; voucher rent may lag private rents.

90% standard$1,899 / 0.78 ratio110% standard$2,321 / 0.95 ratio
0.86
4 BR
4 BR
0.86ratio
FMR$2,620
Market$3,040
vs market-$420

FMR is below market; voucher rent may lag private rents.

90% standard$2,358 / 0.78 ratio110% standard$2,882 / 0.95 ratio
0.86
0.700.800.901.001.101.201.30aligned range

Voucher rents are below market for smaller unit sizes.

Historical
FY 2022-2026

Data freshness

FMR
FY2026
Market rent
last ~365 days
About this result(HUD FMR/SAFMR details)

This page shows HUD Fair Market Rent data for 32408 (FL) for FY 2026. Fair Market Rent (FMR) is a HUD benchmark used to determine payment standards for programs like the Housing Choice Voucher (Section 8) program.

Values are shown for 0–4 bedroom units. In some metro areas HUD publishes Small Area FMR (SAFMR) at the ZIP-code level; otherwise the county/metropolitan-area FMR applies. This result is labeled SAFMR based on HUD's designation for the area and the available data.

Tip: use these numbers as a starting point and confirm local program rules (payment standards may differ from HUD's published FMR). If you're comparing neighborhoods, SAFMR ZIP ranges can highlight variation within the same county.

32408 fair market rent and Section 8 rent limits

The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 32408 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $1,640 and the 4 bedroom fair market rent is $2,620.

Use this page for searches like 32408 FMR, 32408 fair market rent, and 32408 Section 8 payment standards. Local housing authorities can set payment standards above or below published HUD FMR, so confirm program rules before underwriting a property.

FY 2026 Fair Market Rent by bedroom size for 32408
Bedroom sizeHUD FMR
Studio$1,390
1 bedroom$1,440
2 bedroom$1,640
3 bedroom$2,110
4 bedroom$2,620