FY2027 Small Area FMR · Tallahassee, FL

ZIP 32303 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 32303 (Tallahassee, FL) is $1,530 a month, up 4.8% from FY2026. That is 7% above the Tallahassee, FL area-wide FMR of $1,424.

2-bedroom SAFMR$1,530per month ▲ 4.8%

Area-wide 2 BR FMR$1,424Tallahassee, FL

Rank in the area5thof 34 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,377

2 BR Small Area FMR$1,530

110% of SAFMR$1,683

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

Studio$1,270▲ 6.7%

1 BR$1,360▲ 4.6%

2 BR$1,530▲ 4.8%

3 BR$1,870▲ 3.3%

4 BR$2,010▲ 4.1%

FY2027 FY2026

Where 32303 sits in the Tallahassee, FL area

Of the 34 ZIP codes HUD lists for the area, 32303 has the 5th highest two-bedroom Small Area FMR. Tallahassee, 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 $1,424 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,530 for this ZIP code instead.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$1,270	$1,143 – $1,397	$1,186	$1,190
1 bedroom	$1,360	$1,224 – $1,496	$1,264	$1,300
2 bedrooms	$1,530	$1,377 – $1,683	$1,424	$1,460
3 bedrooms	$1,870	$1,683 – $2,057	$1,742	$1,810
4 bedrooms	$2,010	$1,809 – $2,211	$1,871	$1,930

A household renting a two-bedroom home at the Small Area FMR of $1,530 needs about $61,200 a year to keep housing costs at 30% of income. The area median family income is $99,500 and the 80% low-income limit for four people is $79,600. ZIP code 32303 lies mainly in Leon County. See the Tallahassee, FL metro page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
32313	Tallahassee	2.5 mi	$1,450
32304	Tallahassee	4.4 mi	$1,410
32306	Tallahassee	5.7 mi	$1,430
32399	Tallahassee	6.5 mi	$1,450
32307	Tallahassee	7.0 mi	$1,400
32308	Tallahassee	7.3 mi	$1,520

Questions

What is the Fair Market Rent for ZIP code 32303?

HUD's FY2027 Small Area Fair Market Rents for 32303 are $1,270 (studio), $1,360 (1 BR), $1,530 (2 BR), $1,870 (3 BR) and $2,010 (4 BR) a month.

What is the Section 8 payment standard in 32303?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 32303 that range is $1,377 to $1,683 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 32303?

The FY2026 income limits of the Tallahassee, FL area apply: median family income $99,500, low-income (80%) limit $79,600 for a family of four.