FY2027 Small Area FMR · Lake Butler, FL
ZIP 32054 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 32054 (Lake Butler, FL) is $1,020 a month, down 3.8% from FY2026. That is 1% above the Bradford County, FL area-wide FMR of $1,008.
Payment standard range, 2 bedrooms
Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.
FY2027 FY2026
Where 32054 sits in the Bradford County, FL area
Of the 11 ZIP codes HUD lists for the area, 32054 has the 8th highest two-bedroom Small Area FMR. Bradford County, FL is not on HUD's list of mandatory Small Area FMR areas, so voucher payment standards here are normally based on the area-wide FMR of $1,008 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,020 for this ZIP code instead.
ZIP code 32054 crosses more than one HUD area. HUD also lists it under Union County, FL (same figures). The figure that applies depends on which side of the line the home is.
All unit sizes
| Unit | FY2027 SAFMR | Payment standard range | Area-wide FMR | FY2026 SAFMR |
|---|---|---|---|---|
| Studio | $880 | $792 – $968 | $879 | $800 |
| 1 bedroom | $920 | $828 – $1,012 | $920 | $810 |
| 2 bedrooms | $1,020 | $918 – $1,122 | $1,008 | $1,060 |
| 3 bedrooms | $1,290 | $1,161 – $1,419 | $1,290 | $1,330 |
| 4 bedrooms | $1,700 | $1,530 – $1,870 | $1,692 | $1,420 |
A household renting a two-bedroom home at the Small Area FMR of $1,020 needs about $40,800 a year to keep housing costs at 30% of income. The area median family income is $81,100 and the 80% low-income limit for four people is $64,900. ZIP code 32054 lies mainly in Union County and Bradford County. See the Bradford County, FL county page for the full income limits table and the household check.
Nearby ZIP codes
Questions
What is the Fair Market Rent for ZIP code 32054?
HUD's FY2027 Small Area Fair Market Rents for 32054 are $880 (studio), $920 (1 BR), $1,020 (2 BR), $1,290 (3 BR) and $1,700 (4 BR) a month.
What is the Section 8 payment standard in 32054?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 32054 that range is $918 to $1,122 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 32054?
The FY2026 income limits of the Bradford County, FL area apply: median family income $81,100, low-income (80%) limit $64,900 for a family of four.