FY2027 Small Area FMR · Carrabelle, FL
ZIP 32322 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 32322 (Carrabelle, FL) is $1,250 a month, up 0.8% from FY2026. That is 17% above the Franklin County, FL area-wide FMR of $1,068.
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 32322 sits in the Franklin County, FL area
Of the 7 ZIP codes HUD lists for the area, 32322 has the 3rd highest two-bedroom Small Area FMR. Franklin 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 $1,068 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,250 for this ZIP code instead.
All unit sizes
| Unit | FY2027 SAFMR | Payment standard range | Area-wide FMR | FY2026 SAFMR |
|---|---|---|---|---|
| Studio | $1,100 | $990 – $1,210 | $930 | $1,080 |
| 1 bedroom | $1,150 | $1,035 – $1,265 | $953 | $1,110 |
| 2 bedrooms | $1,250 | $1,125 – $1,375 | $1,068 | $1,240 |
| 3 bedrooms | $1,640 | $1,476 – $1,804 | $1,408 | $1,640 |
| 4 bedrooms | $1,640 | $1,476 – $1,804 | $1,413 | $1,640 |
A household renting a two-bedroom home at the Small Area FMR of $1,250 needs about $50,000 a year to keep housing costs at 30% of income. The area median family income is $82,300 and the 80% low-income limit for four people is $65,850. ZIP code 32322 lies mainly in Franklin County. See the Franklin 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 32322?
HUD's FY2027 Small Area Fair Market Rents for 32322 are $1,100 (studio), $1,150 (1 BR), $1,250 (2 BR), $1,640 (3 BR) and $1,640 (4 BR) a month.
What is the Section 8 payment standard in 32322?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 32322 that range is $1,125 to $1,375 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 32322?
The FY2026 income limits of the Franklin County, FL area apply: median family income $82,300, low-income (80%) limit $65,850 for a family of four.