FMR is below market; voucher rent may lag private rents.
0.71
1 BR
1 BR
0.72ratio
FMR$740
Market$1,030
vs market-$290
FMR is below market; voucher rent may lag private rents.
0.72
2 BR
2 BR
0.93ratio
FMR$970
Market$1,040
vs market-$70
FMR is near market; voucher and private rents are aligned.
0.93
3 BR
3 BR
1.05ratio
FMR$1,270
Market$1,210
vs market+$60
FMR is near market; voucher and private rents are aligned.
1.05
4 BR
4 BR
0.93ratio
FMR$1,280
Market$1,370
vs market-$90
FMR is near market; voucher and private rents are aligned.
0.93
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
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ZIP 32447 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 32447 (Marianna, FL) is $970 a month. That is down 9.3% from $1,070 in FY 2026. Marianna is in the Jackson County, FL non-metropolitan 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 county-wide two-bedroom FMR of $962. Among 15 ZIP codes in Jackson County, 32447 is tied for the 10th-highest two-bedroom rent (county range $970–$1,520). The median county two-bedroom FMR in Florida is $1,474, so ZIP 32447 is 34% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 32447
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$740
$730
−1.4%
$657–$803
1BR
$820
$740
−9.8%
$666–$814
2BR
$1,070
$970
−9.3%
$873–$1,067
3BR
$1,410
$1,270
−9.9%
$1,143–$1,397
4BR
$1,420
$1,280
−9.9%
$1,152–$1,408
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 32447
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$730
$740
$970
$1,270
$1,280
FY 2026
$740
$820
$1,070
$1,410
$1,420
FY 2025
$640
$710
$930
$1,200
$1,240
FY 2024area FMR
$707
$712
$905
$1,166
$1,205
FY 2023area FMR
$658
$663
$826
$1,079
$1,157
Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.
Two-bedroom rent in nearby Jackson County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 32447?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $962, which applies unless the housing authority uses Small Area FMRs, that basic range is $866 to $1,058 a month; under the ZIP-level Small Area FMR of $970 it would be $873 to $1,067. 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 32447 in?
ZIP 32447 is in the Jackson County, FL non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $962.
How much did fair market rent change in ZIP 32447 for FY 2027?
The two-bedroom FMR fell 9.3%, from $1,070 in FY 2026 to $970 in FY 2027. Since FY 2025 it has risen 4.3%.
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