32961
ZIPSAFMR
Indian River County, FL
BRFMR
Eff. Rent
0 BR$1,210$1,330
1 BR$1,220$1,340
2 BR$1,600$1,760
3 BR$1,950$2,150
4 BR$2,680$2,750
5 BR$3,082
6 BR$3,544
7 BR$4,076
8 BR$4,687

Purchase Price Calculator

Maximum purchase price
$199,619

Cost breakdown

+Likely effective rent$1,760
HUD FMR$1,600
Market rent$2,020
Est. payment standard (110%)Used$1,760
Estimated payment standard is $1,760 (110% of FMR).
-Principal and interest-$1,009
Loan amount$159,695
Down payment$39,924
Rate6.50%
Term30 years
-Operating costs-$551
Property taxes-$200
Insurance-$175
Utilities$0
HOA$0
Management-$176
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$28,270(70.8% ROI)
Projected value
$214,968
Current value$199,619
Return breakdown
Property appreciation+$15,349
Loan principal paid down+$5,721
Rental cash flow+$7,200
5-year hold
+$48,434(121.3% ROI)
Projected value
$225,850
Current value$199,619
Return breakdown
Property appreciation+$26,232
Loan principal paid down+$10,203
Rental cash flow+$12,000
10-year hold
+$104,222(261.1% ROI)
Projected value
$255,529
Current value$199,619
Return breakdown
Property appreciation+$55,910
Loan principal paid down+$24,312
Rental cash flow+$24,000

Upgrade to access AI-powered research tools

Upgrade

Rolodex

Upgrade to access AI-powered research tools

Upgrade

Market Alignment

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

Studio
Studio
0.73ratio
FMR$1,210
Market$1,660
vs market-$450

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

90% standard$1,089 / 0.66 ratio110% standard$1,331 / 0.80 ratio
0.73
1 BR
1 BR
0.69ratio
FMR$1,220
Market$1,760
vs market-$540

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

90% standard$1,098 / 0.62 ratio110% standard$1,342 / 0.76 ratio
0.69
2 BR
2 BR
0.79ratio
FMR$1,600
Market$2,020
vs market-$420

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

90% standard$1,440 / 0.71 ratio110% standard$1,760 / 0.87 ratio
0.79
3 BR
3 BR
0.82ratio
FMR$1,950
Market$2,380
vs market-$430

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

90% standard$1,755 / 0.74 ratio110% standard$2,145 / 0.90 ratio
0.82
4 BR
4 BR
0.96ratio
FMR$2,680
Market$2,790
vs market-$110

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

90% standard$2,412 / 0.86 ratio110% standard$2,948 / 1.06 ratio
0.96
0.700.800.901.001.101.201.30aligned range

Voucher rents are below market for smaller 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 32961 (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.

32961 fair market rent and Section 8 rent limits

The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 32961 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $1,600 and the 4 bedroom fair market rent is $2,680.

Use this page for searches like 32961 FMR, 32961 fair market rent, and 32961 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 32961
Bedroom sizeHUD FMR
Studio$1,210
1 bedroom$1,220
2 bedroom$1,600
3 bedroom$1,950
4 bedroom$2,680