FY2027 Small Area FMR · Cottondale, FL
ZIP 32431 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 32431 (Cottondale, FL) is $1,150 a month, down 0.9% from FY2026. That is 11% above the Washington County, FL area-wide FMR of $1,040.
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 32431 sits in the Washington County, FL area
Of the 10 ZIP codes HUD lists for the area, 32431 has the 6th highest two-bedroom Small Area FMR. Washington 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 $1,040 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,150 for this ZIP code instead.
ZIP code 32431 crosses more than one HUD area. HUD also lists it under Jackson 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 | $890 | $801 – $979 | $896 | $820 |
| 1 bedroom | $900 | $810 – $990 | $955 | $910 |
| 2 bedrooms | $1,150 | $1,035 – $1,265 | $1,040 | $1,160 |
| 3 bedrooms | $1,490 | $1,341 – $1,639 | $1,243 | $1,520 |
| 4 bedrooms | $1,530 | $1,377 – $1,683 | $1,479 | $1,570 |
A household renting a two-bedroom home at the Small Area FMR of $1,150 needs about $46,000 a year to keep housing costs at 30% of income. The area median family income is $74,100 and the 80% low-income limit for four people is $62,600. ZIP code 32431 lies mainly in Jackson County and Washington County. See the Washington 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 32431?
HUD's FY2027 Small Area Fair Market Rents for 32431 are $890 (studio), $900 (1 BR), $1,150 (2 BR), $1,490 (3 BR) and $1,530 (4 BR) a month.
What is the Section 8 payment standard in 32431?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 32431 that range is $1,035 to $1,265 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 32431?
The FY2026 income limits of the Washington County, FL area apply: median family income $74,100, low-income (80%) limit $62,600 for a family of four.