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Escambia County/Pensacola/32534

32534

ZIPSAFMR
Escambia County, FL
Zillow

ZIP Investment Score

118Above average

095130300
BRFMR
Eff. Rent
0 BR$1,180$1,250
1 BR$1,390$1,260
2 BR$1,580$1,290
3 BR$2,080$1,790
4 BR$2,490$2,110
5 BR$2,864Not available
6 BR$3,293Not available
7 BR$3,787Not available
8 BR$4,355Not available

Purchase Price Calculator

Maximum purchase price
$129,777

Cost breakdown

+Likely effective rent$1,290
HUD FMR$1,580
Market rentUsed$1,290
Est. payment standard (90%)$1,420
-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
0.92
1 BR
1.10
2 BR
1.22
3 BR
1.16
4 BR
1.18
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 32534 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 32534 (Pensacola, FL) is $1,580 a month. That is up 4.6% from $1,510 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, 32534 is tied for the 4th-highest two-bedroom rent (county range $1,330–$2,120). The median county two-bedroom FMR in Florida is $1,474, so ZIP 32534 is 7% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 32534
BedroomsFY 2027Change90–110% range
Studio$1,180+3.5%$1,062–$1,298
1BR$1,390+7.8%$1,251–$1,529
2BR$1,580+4.6%$1,422–$1,738
3BR$2,080+4.0%$1,872–$2,288
4BR$2,490+2.0%$2,241–$2,739

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 32534
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,180$1,390$1,580$2,080$2,490
FY 2026$1,140$1,290$1,510$2,000$2,440
FY 2025$1,240$1,380$1,630$2,180$2,680
FY 2024$1,070$1,130$1,310$1,790$2,220
FY 2023$1,000$1,040$1,210$1,680$2,060

Two-bedroom rent in nearby Escambia County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 32534
32511$1,560−1.3%
32512$1,510−4.4%
32513$1,510−4.4%
32514$1,730+9.5%
32516$1,510−4.4%
32522$1,510−4.4%
32523$1,510−4.4%
32524$1,510−4.4%
32526$1,5800.0%
32533$1,330−15.8%
32534Current$1,580—
32535$1,330−15.8%

Questions about ZIP 32534 rents

How much will Section 8 pay for a two-bedroom in ZIP 32534?

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 $1,580 it would be $1,422 to $1,738. 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 32534 in?

ZIP 32534 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 32534 for FY 2027?

The two-bedroom FMR rose 4.6%, from $1,510 in FY 2026 to $1,580 in FY 2027. Since FY 2023 it has risen 30.6%.

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