FMR is near market; voucher and private rents are aligned.
1.04
1 BR
1 BR
1.06ratio
FMR$1,240
Market$1,170
vs market+$70
FMR is near market; voucher and private rents are aligned.
1.06
2 BR
2 BR
0.75ratio
FMR$1,460
Market$1,940
vs market-$480
FMR is below market; voucher rent may lag private rents.
0.75
3 BR
3 BR
0.73ratio
FMR$1,800
Market$2,460
vs market-$660
FMR is below market; voucher rent may lag private rents.
0.73
4 BR
4 BR
0.61ratio
FMR$1,930
Market$3,150
vs market-$1,220
FMR is below market; voucher rent may lag private rents.
0.61
0.700.800.901.001.101.201.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
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ZIP 32612 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 32612 (Gainesville, FL) is $1,460 a month. That is down 1.4% from $1,480 in FY 2026. Gainesville is in the Gainesville, FL HUD Metro FMR Area. 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 $1,471. Among 32 ZIP codes in Alachua County, 32612 has the 15th-highest two-bedroom rent (county range $990–$1,870).
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 32612
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,150
$1,190
+3.5%
$1,071–$1,309
1BR
$1,230
$1,240
+0.8%
$1,116–$1,364
2BR
$1,480
$1,460
−1.4%
$1,314–$1,606
3BR
$1,850
$1,800
−2.7%
$1,620–$1,980
4BR
$1,960
$1,930
−1.5%
$1,737–$2,123
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 32612
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,190
$1,240
$1,460
$1,800
$1,930
FY 2026
$1,150
$1,230
$1,480
$1,850
$1,960
FY 2025
$1,150
$1,280
$1,540
$1,970
$2,050
FY 2024
$990
$1,090
$1,310
$1,720
$1,740
FY 2023
$800
$890
$1,060
$1,420
$1,430
Two-bedroom rent in nearby Alachua County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 32612?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,471, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,324 to $1,618 a month; under the ZIP-level Small Area FMR of $1,460 it would be $1,314 to $1,606. 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 32612 in?
ZIP 32612 is in the Gainesville, FL HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,471.
How much did fair market rent change in ZIP 32612 for FY 2027?
The two-bedroom FMR fell 1.4%, from $1,480 in FY 2026 to $1,460 in FY 2027. Since FY 2023 it has risen 37.7%.
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