Skip to main content
Loading page
Escambia County/Pensacola/32514

32514

ZIPSAFMR
Escambia County, FL
Zillow

ZIP Investment Score

110Above average

095130300
BRFMR
Eff. Rent
0 BR$1,290$1,120
1 BR$1,520$1,190
2 BR$1,730$1,340
3 BR$2,270$1,820
4 BR$2,720$2,240
5 BR$3,128Not available
6 BR$3,597Not available
7 BR$4,137Not available
8 BR$4,757Not available

Purchase Price Calculator

Maximum purchase price
$137,207

Cost breakdown

+Likely effective rent$1,340
HUD FMR$1,730
Market rentUsed$1,340
Est. payment standard (90%)$1,560
-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

Loading Public Housing Authority

Rolodex

Loading Rolodex

Market Alignment

Studio
1.15
1 BR
1.28
2 BR
1.29
3 BR
1.25
4 BR
1.21
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 32514 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 32514 (Pensacola, FL) is $1,730 a month. That is up 4.2% from $1,660 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, 32514 has the 3rd-highest two-bedroom rent (county range $1,330–$2,120). The median county two-bedroom FMR in Florida is $1,474, so ZIP 32514 is 17% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 32514
BedroomsFY 2027Change90–110% range
Studio$1,290+3.2%$1,161–$1,419
1BR$1,520+7.0%$1,368–$1,672
2BR$1,730+4.2%$1,557–$1,903
3BR$2,270+3.2%$2,043–$2,497
4BR$2,720+1.5%$2,448–$2,992

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 32514
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,290$1,520$1,730$2,270$2,720
FY 2026$1,250$1,420$1,660$2,200$2,680
FY 2025$1,310$1,470$1,730$2,310$2,850
FY 2024$1,110$1,170$1,360$1,860$2,310
FY 2023$1,030$1,070$1,240$1,720$2,110

Two-bedroom rent in nearby Escambia County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 32514
32505$1,330−23.1%
32506$1,580−8.7%
32507$1,530−11.6%
32508$2,120+22.5%
32509$1,580−8.7%
32511$1,560−9.8%
32512$1,510−12.7%
32513$1,510−12.7%
32514Current$1,730—
32516$1,510−12.7%
32522$1,510−12.7%
32523$1,510−12.7%

Questions about ZIP 32514 rents

How much will Section 8 pay for a two-bedroom in ZIP 32514?

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 $1,730 it would be $1,557 to $1,903. 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 32514 in?

ZIP 32514 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 32514 for FY 2027?

The two-bedroom FMR rose 4.2%, from $1,660 in FY 2026 to $1,730 in FY 2027. Since FY 2023 it has risen 39.5%.

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