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Escambia County/Pensacola/32504

32504

ZIPSAFMR
Escambia County, FL
Zillow

ZIP Investment Score

106Above average

095130300
BRFMR
Eff. Rent
0 BR$1,140$1,160
1 BR$1,340$1,210
2 BR$1,530$1,290
3 BR$2,010$1,800
4 BR$2,410$2,490
5 BR$2,772Not available
6 BR$3,187Not available
7 BR$3,665Not available
8 BR$4,215Not available

Purchase Price Calculator

Maximum purchase price
$129,777

Cost breakdown

+Likely effective rent$1,290
HUD FMR$1,530
Market rentUsed$1,290
Est. payment standard (90%)$1,380
-Principal and interest-$656
Loan amount$103,822
Down payment$25,955
Rate6.50%
Term30 years
-Operating costs-$434
Property taxes-$130
Insurance-$175
Utilities$0
HOA$0
Management-$129
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$20,898(80.5% ROI)
Projected value
$139,756
Return breakdown
Property appreciation+$9,979
Loan principal paid down+$3,720
Rental cash flow+$7,200
5-year hold
+$35,687(137.5% ROI)
Projected value
$146,831
Return breakdown
Property appreciation+$17,054
Loan principal paid down+$6,633
Rental cash flow+$12,000
10-year hold
+$76,154(293.4% ROI)
Projected value
$166,126
Return breakdown
Property appreciation+$36,349
Loan principal paid down+$15,806
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.97
1 BR
1.11
2 BR
1.19
3 BR
1.12
4 BR
0.95
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 32504 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 32504 (Pensacola, FL) is $1,530 a month. That is up 4.8% from $1,460 in FY 2026. Pensacola is in the Pensacola-Ferry Pass-Brent, FL MSA. 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 $1,548. Among 26 ZIP codes in Escambia County, 32504 is tied for the 10th-highest two-bedroom rent (county range $1,330–$2,120). The median county two-bedroom FMR in Florida is $1,474, so ZIP 32504 is 4% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 32504
BedroomsFY 2027Change90–110% range
Studio$1,140+2.7%$1,026–$1,254
1BR$1,340+7.2%$1,206–$1,474
2BR$1,530+4.8%$1,377–$1,683
3BR$2,010+2.6%$1,809–$2,211
4BR$2,4100.0%$2,169–$2,651

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 32504
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,140$1,340$1,530$2,010$2,410
FY 2026$1,110$1,250$1,460$1,960$2,410
FY 2025$1,230$1,370$1,620$2,170$2,670
FY 2024$1,050$1,100$1,280$1,750$2,170
FY 2023$950$990$1,150$1,600$1,960

Two-bedroom rent in nearby Escambia County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 32504
32501$1,330−13.1%
32502$1,580+3.3%
32503$1,500−2.0%
32504Current$1,530—
32505$1,330−13.1%
32506$1,580+3.3%
32507$1,5300.0%
32508$2,120+38.6%
32509$1,580+3.3%
32511$1,560+2.0%
32512$1,510−1.3%
32513$1,510−1.3%

Questions about ZIP 32504 rents

How much will Section 8 pay for a two-bedroom in ZIP 32504?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,548, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,393 to $1,703 a month; under the ZIP-level Small Area FMR of $1,530 it would be $1,377 to $1,683. 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 32504 in?

ZIP 32504 is in the Pensacola-Ferry Pass-Brent, FL MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,548.

How much did fair market rent change in ZIP 32504 for FY 2027?

The two-bedroom FMR rose 4.8%, from $1,460 in FY 2026 to $1,530 in FY 2027. Since FY 2023 it has risen 33.0%.

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