FY2027 Small Area FMR · Fernandina Beach, FL

ZIP 32034 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 32034 (Fernandina Beach, FL) is $1,640 a month, up 9.3% from FY2026. That is 3% below the Jacksonville, FL area-wide FMR of $1,694.

2-bedroom SAFMR$1,640per month ▲ 9.3%

Area-wide 2 BR FMR$1,694Jacksonville, FL

Rank in the area53rdof 82 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,476

2 BR Small Area FMR$1,640

110% of SAFMR$1,804

Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.

Studio$1,360▲ 10.6%

1 BR$1,380▲ 10.4%

2 BR$1,640▲ 9.3%

3 BR$2,010▲ 8.6%

4 BR$2,510▲ 8.2%

FY2027 FY2026

Where 32034 sits in the Jacksonville, FL area

Of the 82 ZIP codes HUD lists for the area, 32034 has the 53rd highest two-bedroom Small Area FMR. Jacksonville, FL is one of the 65 metro areas where HUD requires Small Area FMRs for the Housing Choice Voucher program (designated 2016), so local housing agencies must set payment standards from this ZIP code's figure, normally between $1,476 and $1,804 for two bedrooms.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$1,360	$1,224 – $1,496	$1,401	$1,230
1 bedroom	$1,380	$1,242 – $1,518	$1,421	$1,250
2 bedrooms	$1,640	$1,476 – $1,804	$1,694	$1,500
3 bedrooms	$2,010	$1,809 – $2,211	$2,077	$1,850
4 bedrooms	$2,510	$2,259 – $2,761	$2,594	$2,320

A household renting a two-bedroom home at the Small Area FMR of $1,640 needs about $65,600 a year to keep housing costs at 30% of income. The area median family income is $108,700 and the 80% low-income limit for four people is $86,950. ZIP code 32034 lies mainly in Nassau County. See the Jacksonville, FL metro page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
32097	Yulee	8.2 mi	$2,070
32226	Jacksonville	8.6 mi	$2,540
32218	Jacksonville	13.1 mi	$1,700
31547	Kings Bay	13.3 mi	$1,350
32228	Jacksonville	15.9 mi	$2,150
32227	Jacksonville	15.9 mi	$2,150

Questions

What is the Fair Market Rent for ZIP code 32034?

HUD's FY2027 Small Area Fair Market Rents for 32034 are $1,360 (studio), $1,380 (1 BR), $1,640 (2 BR), $2,010 (3 BR) and $2,510 (4 BR) a month.

What is the Section 8 payment standard in 32034?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 32034 that range is $1,476 to $1,804 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 32034?

The FY2026 income limits of the Jacksonville, FL area apply: median family income $108,700, low-income (80%) limit $86,950 for a family of four.