FMR is below market; voucher rent may lag private rents.
0.83
1 BR
1 BR
0.86ratio
FMR$1,200
Market$1,390
vs market-$190
FMR is below market; voucher rent may lag private rents.
0.86
2 BR
2 BR
0.82ratio
FMR$1,390
Market$1,700
vs market-$310
FMR is below market; voucher rent may lag private rents.
0.82
4 BR
4 BR
0.80ratio
FMR$1,920
Market$2,390
vs market-$470
FMR is below market; voucher rent may lag private rents.
0.80
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 32634 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 32634 (Fairfield, FL) is $1,390 a month. That is up 15.8% from $1,200 in FY 2026. Fairfield is in the Ocala, 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 $1,394. Among 45 ZIP codes in Marion County, 32634 is tied for the 10th-highest two-bedroom rent (county range $1,240–$1,840). The median county two-bedroom FMR in Florida is $1,474, so ZIP 32634 is 6% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 32634
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$920
$1,190
+29.3%
$1,071–$1,309
1BR
$990
$1,200
+21.2%
$1,080–$1,320
2BR
$1,200
$1,390
+15.8%
$1,251–$1,529
3BR
$1,530
$1,830
+19.6%
$1,647–$2,013
4BR
$1,650
$1,920
+16.4%
$1,728–$2,112
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 32634
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,190
$1,200
$1,390
$1,830
$1,920
FY 2026
$920
$990
$1,200
$1,530
$1,650
FY 2025
$860
$950
$1,150
$1,460
$1,600
FY 2024
$950
$1,050
$1,270
$1,620
$1,770
FY 2023area FMR
$855
$919
$1,131
$1,448
$1,572
Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.
Two-bedroom rent in nearby Marion County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 32634?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,394, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,255 to $1,533 a month; under the ZIP-level Small Area FMR of $1,390 it would be $1,251 to $1,529. 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 32634 in?
ZIP 32634 is in the Ocala, FL MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,394.
How much did fair market rent change in ZIP 32634 for FY 2027?
The two-bedroom FMR rose 15.8%, from $1,200 in FY 2026 to $1,390 in FY 2027. Since FY 2024 it has risen 9.4%.
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