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Santa Rosa County/Navarre/32566

32566

ZIPSAFMR
Santa Rosa County, FL
Zillow

ZIP Investment Score

88Below average

095130300
BRFMR
Eff. Rent
0 BR$1,620$1,600
1 BR$1,900$1,640
2 BR$2,170$1,820
3 BR$2,850$2,060
4 BR$3,410$2,460
5 BR$3,921Not available
6 BR$4,510Not available
7 BR$5,186Not available
8 BR$5,964Not available

Purchase Price Calculator

Maximum purchase price
$208,535

Cost breakdown

+Likely effective rent$1,820
HUD FMR$2,170
Market rentUsed$1,820
Est. payment standard (90%)$1,950
-Principal and interest-$1,054
Loan amount$166,828
Down payment$41,707
Rate6.50%
Term30 years
-Operating costs-$566
Property taxes-$209
Insurance-$175
Utilities$0
HOA$0
Management-$182
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$29,211(70.0% ROI)
Projected value
$224,569
Return breakdown
Property appreciation+$16,034
Loan principal paid down+$5,977
Rental cash flow+$7,200
5-year hold
+$50,062(120.0% ROI)
Projected value
$235,938
Return breakdown
Property appreciation+$27,403
Loan principal paid down+$10,659
Rental cash flow+$12,000
10-year hold
+$107,805(258.5% ROI)
Projected value
$266,942
Return breakdown
Property appreciation+$58,407
Loan principal paid down+$25,398
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.01
1 BR
1.16
2 BR
1.19
3 BR
1.38
4 BR
1.39
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 32566 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 32566 (Navarre, FL) is $2,170 a month. That is up 6.4% from $2,040 in FY 2026. Navarre 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 13 ZIP codes in Santa Rosa County, 32566 has the highest two-bedroom rent (county range $1,330–$2,170). The median county two-bedroom FMR in Florida is $1,474, so ZIP 32566 is 47% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 32566
BedroomsFY 2027Change90–110% range
Studio$1,620+5.2%$1,458–$1,782
1BR$1,900+9.2%$1,710–$2,090
2BR$2,170+6.4%$1,953–$2,387
3BR$2,850+5.2%$2,565–$3,135
4BR$3,410+3.6%$3,069–$3,751

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 32566
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,620$1,900$2,170$2,850$3,410
FY 2026$1,540$1,740$2,040$2,710$3,290
FY 2025$1,670$1,870$2,200$2,940$3,620
FY 2024$1,420$1,490$1,730$2,360$2,930
FY 2023$1,280$1,330$1,540$2,140$2,620

Two-bedroom rent in nearby Santa Rosa County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 32566
32531$1,610−25.8%
32561$1,870−13.8%
32562$1,780−18.0%
32563$2,030−6.5%
32564$1,610−25.8%
32565$1,330−38.7%
32566Current$2,170—
32569$1,880−13.4%
32570$1,560−28.1%
32571$1,510−30.4%
32572$1,780−18.0%
32583$1,550−28.6%

Questions about ZIP 32566 rents

How much will Section 8 pay for a two-bedroom in ZIP 32566?

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 $2,170 it would be $1,953 to $2,387. 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 32566 in?

ZIP 32566 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 32566 for FY 2027?

The two-bedroom FMR rose 6.4%, from $2,040 in FY 2026 to $2,170 in FY 2027. Since FY 2023 it has risen 40.9%.

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