Brevard County/Patrick Air Force Base/32925

32925

ZIPSAFMR

Brevard County, FL

ZIP Investment Score

095130300

BR	FMR	Eff. Rent	3Y CAGR
0 BR	$1,800	$1,900	6.5%
1 BR	$2,070	$2,060	6.0%
2 BR	$2,420	$2,660	5.5%
3 BR	$3,240	$3,140	5.2%
4 BR	$3,680	$3,820	4.2%
5 BR	$4,232	Not available	4.2%
6 BR	$4,867	Not available	4.2%
7 BR	$5,597	Not available	4.2%
8 BR	$6,436	Not available	4.2%

Purchase Price Calculator

Maximum purchase price

$333,358

Cost breakdown

+Likely effective rent$2,660

HUD FMR$2,420

Market rent$2,820

Est. payment standard (110%)Used$2,660

-Principal and interest-$1,686

Loan amount$266,687

Down payment$66,672

Rate6.50%

Term30 years

-Operating costs-$774

Property taxes-$333

Insurance-$175

Utilities$0

HOA$0

Management-$266

=Target cash flow+$200

Calculation mode

BedroomsCash-flow target

Down payment methodDown payment %

HOA / mo

Utilities methodUtilities amount

Management methodManagement % of rent

Hold period projections

Annual appreciation rate

3-year hold

+$42,387(63.6% ROI)

Projected value

$358,991

Return breakdown

Property appreciation+$25,632

Loan principal paid down+$9,555

Rental cash flow+$7,200

5-year hold

+$72,845(109.3% ROI)

Projected value

$377,164

Return breakdown

Property appreciation+$43,806

Loan principal paid down+$17,039

Rental cash flow+$12,000

10-year hold

+$157,969(236.9% ROI)

Projected value

$426,727

Return breakdown

Property appreciation+$93,369

Loan principal paid down+$40,600

Rental cash flow+$24,000

Public Housing Authority

Rolodex

Market Alignment

Studio

0.92ratio

FMR$1,800

Market$1,950

vs market-$150

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

0.92

1 BR

1.00ratio

FMR$2,070

Market$2,060

vs market+$10

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

1.00

2 BR

0.86ratio

FMR$2,420

Market$2,820

vs market-$400

FMR is below market; voucher rent may lag private rents.

0.86

3 BR

1.03ratio

FMR$3,240

Market$3,140

vs market+$100

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

1.03

4 BR

0.95ratio

FMR$3,680

Market$3,890

vs market-$210

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

0.95

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: --

ZIP 32925 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 32925 (Patrick Air Force Base, FL) is $2,420 a month. That is up 3.0% from $2,350 in FY 2026. Patrick Air Force Base is in the Palm Bay-Melbourne-Titusville, FL MSA, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. Among 45 ZIP codes in Brevard County, 32925 has the highest two-bedroom rent (county range $1,250–$2,420). The median county two-bedroom FMR in Florida is $1,474, so ZIP 32925 is 64% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 32925
Bedrooms	FY 2026	FY 2027	Change	90–110% range
Studio	$1,740	$1,800	+3.4%	$1,620–$1,980
1BR	$2,030	$2,070	+2.0%	$1,863–$2,277
2BR	$2,350	$2,420	+3.0%	$2,178–$2,662
3BR	$3,200	$3,240	+1.3%	$2,916–$3,564
4BR	$3,640	$3,680	+1.1%	$3,312–$4,048

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 32925
Fiscal year	Studio	1BR	2BR	3BR	4BR
FY 2027	$1,800	$2,070	$2,420	$3,240	$3,680
FY 2026	$1,740	$2,030	$2,350	$3,200	$3,640
FY 2025	$1,710	$2,010	$2,330	$3,170	$3,630
FY 2024	$1,490	$1,740	$2,060	$2,780	$3,250
FY 2023	$1,360	$1,610	$1,940	$2,590	$3,080

Two-bedroom rent in nearby Brevard County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code	2 bedroom	vs. 32925
32920	$1,430	−40.9%
32922	$1,310	−45.9%
32923	$1,780	−26.4%
32924	$1,780	−26.4%
32925Current	$2,420	—
32926	$1,570	−35.1%
32927	$1,670	−31.0%
32931	$1,870	−22.7%
32932	$1,780	−26.4%
32934	$2,170	−10.3%
32935	$1,820	−24.8%
32936	$1,780	−26.4%

Questions about ZIP 32925 rents

How much will Section 8 pay for a two-bedroom in ZIP 32925?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,420, that basic range is $2,178 to $2,662 a month. 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 32925 in?

ZIP 32925 is in the Palm Bay-Melbourne-Titusville, FL MSA. HUD requires Small Area FMRs in this area, so payment standards are set by ZIP code.

How much did fair market rent change in ZIP 32925 for FY 2027?

The two-bedroom FMR rose 3.0%, from $2,350 in FY 2026 to $2,420 in FY 2027. Since FY 2023 it has risen 24.7%.

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

County fair market rent Patrick Air Force Base, FL fair market rent FL statewide rents What is SAFMR?Data sources