32536
ZIPSAFMR
Okaloosa County, FL
BRFMR
Eff. Rent
0 BR$1,270$1,170
1 BR$1,480$1,180
2 BR$1,670$1,320
3 BR$2,290$1,740
4 BR$2,790$2,070
5 BR$3,208
6 BR$3,690
7 BR$4,243
8 BR$4,880

Purchase Price Calculator

Maximum purchase price
$134,235

Cost breakdown

+Likely effective rent$1,320
HUD FMR$1,670
Market rentUsed$1,320
Est. payment standard (90%)$1,500
Market rent is below the inferred standard ($1,500, 90% of FMR).
-Principal and interest-$679
Loan amount$107,388
Down payment$26,847
Rate6.50%
Term30 years
-Operating costs-$441
Property taxes-$134
Insurance-$175
Utilities$0
HOA$0
Management-$132
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$21,369(79.6% ROI)
Projected value
$144,556
Current value$134,235
Return breakdown
Property appreciation+$10,321
Loan principal paid down+$3,847
Rental cash flow+$7,200
5-year hold
+$36,501(136.0% ROI)
Projected value
$151,875
Current value$134,235
Return breakdown
Property appreciation+$17,640
Loan principal paid down+$6,861
Rental cash flow+$12,000
10-year hold
+$77,946(290.3% ROI)
Projected value
$171,832
Current value$134,235
Return breakdown
Property appreciation+$37,597
Loan principal paid down+$16,349
Rental cash flow+$24,000

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Market Alignment

FMR / market rent by bedroom; grey wings show the 90-110% payment-standard spread.

Studio
Studio
1.09ratio
FMR$1,270
Market$1,170
vs market+$100

FMR is near market; voucher and private rents are aligned.

90% standard$1,143 / 0.98 ratio110% standard$1,397 / 1.19 ratio
1.09
1 BR
1 BR
1.25ratio
FMR$1,480
Market$1,180
vs market+$300

FMR is above market; underwrite to market rent.

90% standard$1,332 / 1.13 ratio110% standard$1,628 / 1.38 ratio
1.25
2 BR
2 BR
1.27ratio
FMR$1,670
Market$1,320
vs market+$350

FMR is above market; underwrite to market rent.

90% standard$1,503 / 1.14 ratio110% standard$1,837 / 1.39 ratio
1.27
3 BR
3 BR
1.32ratio
FMR$2,290
Market$1,740
vs market+$550

FMR is above market; underwrite to market rent.

90% standard$2,061 / 1.18 ratio110% standard$2,519 / 1.45 ratio
1.32
4 BR
4 BR
1.35ratio
FMR$2,790
Market$2,070
vs market+$720

FMR is above market; underwrite to market rent.

90% standard$2,511 / 1.21 ratio110% standard$3,069 / 1.48 ratio
1.35
0.700.800.901.001.101.201.30aligned range

HUD benchmarks exceed market rents for larger unit sizes.

Historical
FY 2022-2026

Data freshness

FMR
FY2026
Market rent
last ~365 days
About this result(HUD FMR/SAFMR details)

This page shows HUD Fair Market Rent data for 32536 (FL) for FY 2026. Fair Market Rent (FMR) is a HUD benchmark used to determine payment standards for programs like the Housing Choice Voucher (Section 8) program.

Values are shown for 0–4 bedroom units. In some metro areas HUD publishes Small Area FMR (SAFMR) at the ZIP-code level; otherwise the county/metropolitan-area FMR applies. This result is labeled SAFMR based on HUD's designation for the area and the available data.

Tip: use these numbers as a starting point and confirm local program rules (payment standards may differ from HUD's published FMR). If you're comparing neighborhoods, SAFMR ZIP ranges can highlight variation within the same county.

32536 fair market rent and Section 8 rent limits

The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 32536 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $1,670 and the 4 bedroom fair market rent is $2,790.

Use this page for searches like 32536 FMR, 32536 fair market rent, and 32536 Section 8 payment standards. Local housing authorities can set payment standards above or below published HUD FMR, so confirm program rules before underwriting a property.

FY 2026 Fair Market Rent by bedroom size for 32536
Bedroom sizeHUD FMR
Studio$1,270
1 bedroom$1,480
2 bedroom$1,670
3 bedroom$2,290
4 bedroom$2,790