FY2027 Small Area FMR · Jacksonville Beach, FL

ZIP 32240 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 32240 (Jacksonville Beach, FL) is $1,660 a month, up 1.8% from FY2026. That is 2% below the Jacksonville, FL area-wide FMR of $1,694.

2-bedroom SAFMR$1,660per month ▲ 1.8%

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

Rank in the area39thof 82 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,494

2 BR Small Area FMR$1,660

110% of SAFMR$1,826

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

Studio$1,370▲ 3.0%

1 BR$1,390▲ 2.2%

2 BR$1,660▲ 1.8%

3 BR$2,030▲ 1.0%

4 BR$2,540▲ 0.8%

FY2027 FY2026

Where 32240 sits in the Jacksonville, FL area

Of the 82 ZIP codes HUD lists for the area, 32240 has the 39th 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 $1,494 and $1,826 for two bedrooms.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$1,370	$1,233 – $1,507	$1,401	$1,330
1 bedroom	$1,390	$1,251 – $1,529	$1,421	$1,360
2 bedrooms	$1,660	$1,494 – $1,826	$1,694	$1,630
3 bedrooms	$2,030	$1,827 – $2,233	$2,077	$2,010
4 bedrooms	$2,540	$2,286 – $2,794	$2,594	$2,520

A household renting a two-bedroom home at the Small Area FMR of $1,660 needs about $66,400 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 32240 lies mainly in Duval 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
32250	Jacksonville Beach	1.5 mi	$2,140
32266	Neptune Beach	1.8 mi	$1,850
32233	Atlantic Beach	4.7 mi	$1,790
32224	Jacksonville	4.8 mi	$1,950
32227	Jacksonville	6.6 mi	$2,150
32228	Jacksonville	6.7 mi	$2,150

Questions

What is the Fair Market Rent for ZIP code 32240?

HUD's FY2027 Small Area Fair Market Rents for 32240 are $1,370 (studio), $1,390 (1 BR), $1,660 (2 BR), $2,030 (3 BR) and $2,540 (4 BR) a month.

What is the Section 8 payment standard in 32240?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 32240 that range is $1,494 to $1,826 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 32240?

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.