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Escambia County/Pensacola/32505

32505

ZIPSAFMR
Escambia County, FL
Zillow

ZIP Investment Score

167High yield potential

095130300
BRFMR
Eff. Rent
0 BR$1,010$1,080
1 BR$1,150$1,130
2 BR$1,330$1,340
3 BR$1,760$1,630
4 BR$2,150$1,890
5 BR$2,473Not available
6 BR$2,843Not available
7 BR$3,270Not available
8 BR$3,760Not available

Purchase Price Calculator

Maximum purchase price
$137,207

Cost breakdown

+Likely effective rent$1,340
HUD FMR$1,330
Market rent$1,340
Est. payment standard (100%)Used$1,340
-Principal and interest-$694
Loan amount$109,766
Down payment$27,441
Rate6.50%
Term30 years
-Operating costs-$446
Property taxes-$137
Insurance-$175
Utilities$0
HOA$0
Management-$134
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$21,683(79.0% ROI)
Projected value
$147,757
Return breakdown
Property appreciation+$10,550
Loan principal paid down+$3,933
Rental cash flow+$7,200
5-year hold
+$37,043(135.0% ROI)
Projected value
$155,237
Return breakdown
Property appreciation+$18,030
Loan principal paid down+$7,013
Rental cash flow+$12,000
10-year hold
+$79,140(288.4% ROI)
Projected value
$175,637
Return breakdown
Property appreciation+$38,430
Loan principal paid down+$16,711
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.91
1 BR
1.02
2 BR
0.99
3 BR
1.08
4 BR
1.14
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 32505 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 32505 (Pensacola, FL) is $1,330 a month. That is down 8.3% from $1,450 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, 32505 is tied for the 22nd-highest two-bedroom rent (county range $1,330–$2,120). The median county two-bedroom FMR in Florida is $1,474, so ZIP 32505 is 10% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 32505
BedroomsFY 2027Change90–110% range
Studio$1,010−8.2%$909–$1,111
1BR$1,150−6.5%$1,035–$1,265
2BR$1,330−8.3%$1,197–$1,463
3BR$1,760−9.3%$1,584–$1,936
4BR$2,150−9.7%$1,935–$2,365

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 32505
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,010$1,150$1,330$1,760$2,150
FY 2026$1,100$1,230$1,450$1,940$2,380
FY 2025$1,060$1,180$1,390$1,860$2,290
FY 2024$930$980$1,140$1,560$1,930
FY 2023$900$930$1,080$1,500$1,840

Two-bedroom rent in nearby Escambia County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 32505
32501$1,3300.0%
32502$1,580+18.8%
32503$1,500+12.8%
32504$1,530+15.0%
32505Current$1,330—
32506$1,580+18.8%
32507$1,530+15.0%
32508$2,120+59.4%
32509$1,580+18.8%
32511$1,560+17.3%
32512$1,510+13.5%
32513$1,510+13.5%

Questions about ZIP 32505 rents

How much will Section 8 pay for a two-bedroom in ZIP 32505?

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 $1,330 it would be $1,197 to $1,463. 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 32505 in?

ZIP 32505 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 32505 for FY 2027?

The two-bedroom FMR fell 8.3%, from $1,450 in FY 2026 to $1,330 in FY 2027. Since FY 2023 it has risen 23.1%.

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