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Walton County/Inlet Beach/32461

32461

ZIPSAFMR
Walton County, FL
Zillow

ZIP Investment Score

41Below average

095130300
BRFMR
Eff. Rent
0 BR$1,680$1,660
1 BR$2,030$1,830
2 BR$2,210$2,430
3 BR$3,060$3,370
4 BR$3,690$4,060
5 BR$4,244Not available
6 BR$4,880Not available
7 BR$5,612Not available
8 BR$6,454Not available

Purchase Price Calculator

Maximum purchase price
$299,181

Cost breakdown

+Likely effective rent$2,430
HUD FMR$2,210
Market rent$3,060
Est. payment standard (110%)Used$2,430
-Principal and interest-$1,513
Loan amount$239,344
Down payment$59,836
Rate6.50%
Term30 years
-Operating costs-$717
Property taxes-$299
Insurance-$175
Utilities$0
HOA$0
Management-$243
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$38,779(64.8% ROI)
Projected value
$322,185
Return breakdown
Property appreciation+$23,004
Loan principal paid down+$8,575
Rental cash flow+$7,200
5-year hold
+$66,607(111.3% ROI)
Projected value
$338,495
Return breakdown
Property appreciation+$39,315
Loan principal paid down+$15,292
Rental cash flow+$12,000
10-year hold
+$144,233(241.0% ROI)
Projected value
$382,976
Return breakdown
Property appreciation+$83,796
Loan principal paid down+$36,437
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.01
1 BR
1.11
2 BR
0.72
3 BR
0.83
4 BR
0.74
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 32461 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 32461 (Inlet Beach, FL) is $2,210 a month. That is up 7.8% from $2,050 in FY 2026. Inlet Beach is in the Walton County, FL HUD Metro 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 metro-wide two-bedroom FMR of $1,474. Among 13 ZIP codes in Walton County, 32461 has the 2nd-highest two-bedroom rent (county range $1,230–$2,260). The median county two-bedroom FMR in Florida is $1,474, so ZIP 32461 is 50% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 32461
BedroomsFY 2027Change90–110% range
Studio$1,680+5.7%$1,512–$1,848
1BR$2,030+8.6%$1,827–$2,233
2BR$2,210+7.8%$1,989–$2,431
3BR$3,060+7.4%$2,754–$3,366
4BR$3,690+7.3%$3,321–$4,059

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 32461
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,680$2,030$2,210$3,060$3,690
FY 2026$1,590$1,870$2,050$2,850$3,440
FY 2025$1,430$1,640$1,820$2,550$3,060
FY 2024$1,330$1,360$1,600$2,170$2,720
FY 2023$1,080$1,160$1,330$1,820$2,240

Two-bedroom rent in nearby Walton County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 32461
32422$1,470−33.5%
32433$1,610−27.1%
32435$1,230−44.3%
32439$1,440−34.8%
32455$1,230−44.3%
32459$1,840−16.7%
32461Current$2,210—
32462$1,520−31.2%
32464$1,230−44.3%
32539$1,660−24.9%
32550$2,010−9.0%
32567$1,610−27.1%

Questions about ZIP 32461 rents

How much will Section 8 pay for a two-bedroom in ZIP 32461?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,474, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,327 to $1,621 a month; under the ZIP-level Small Area FMR of $2,210 it would be $1,989 to $2,431. 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 32461 in?

ZIP 32461 is in the Walton County, FL HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,474.

How much did fair market rent change in ZIP 32461 for FY 2027?

The two-bedroom FMR rose 7.8%, from $2,050 in FY 2026 to $2,210 in FY 2027. Since FY 2023 it has risen 66.2%.

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