FY2027 Small Area FMR · Pensacola, FL

ZIP 32506 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 32506 (Pensacola, FL) is $1,580 a month, up 4.6% from FY2026. That is 2% above the Pensacola-Ferry Pass-Brent, FL area-wide FMR of $1,548.

2-bedroom SAFMR$1,580per month ▲ 4.6%

Area-wide 2 BR FMR$1,548Pensacola-Ferry Pass-Brent,

Rank in the area10thof 37 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,422

2 BR Small Area FMR$1,580

110% of SAFMR$1,738

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

Studio$1,180▲ 3.5%

1 BR$1,390▲ 7.8%

2 BR$1,580▲ 4.6%

3 BR$2,080▲ 4.0%

4 BR$2,490▲ 2.0%

FY2027 FY2026

Where 32506 sits in the Pensacola-Ferry Pass-Brent, FL area

Of the 37 ZIP codes HUD lists for the area, 32506 has the 10th highest two-bedroom Small Area FMR. Pensacola-Ferry Pass-Brent, 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 $1,548 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,580 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	$1,180	$1,062 – $1,298	$1,154	$1,140
1 bedroom	$1,390	$1,251 – $1,529	$1,359	$1,290
2 bedrooms	$1,580	$1,422 – $1,738	$1,548	$1,510
3 bedrooms	$2,080	$1,872 – $2,288	$2,034	$2,000
4 bedrooms	$2,490	$2,241 – $2,739	$2,435	$2,440

A household renting a two-bedroom home at the Small Area FMR of $1,580 needs about $63,200 a year to keep housing costs at 30% of income. The area median family income is $92,800 and the 80% low-income limit for four people is $74,600. ZIP code 32506 lies mainly in Escambia County. See the Pensacola-Ferry Pass-Brent, FL metro page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
32507	Pensacola	3.7 mi	$1,530
32512	Pensacola	4.2 mi	$1,510
32508	Pensacola	4.2 mi	$2,120
32511	Pensacola	4.7 mi	$1,560
36549	Lillian	5.1 mi	$1,390
32509	Pensacola	5.7 mi	$1,580

Questions

What is the Fair Market Rent for ZIP code 32506?

HUD's FY2027 Small Area Fair Market Rents for 32506 are $1,180 (studio), $1,390 (1 BR), $1,580 (2 BR), $2,080 (3 BR) and $2,490 (4 BR) a month.

What is the Section 8 payment standard in 32506?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 32506 that range is $1,422 to $1,738 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 32506?

The FY2026 income limits of the Pensacola-Ferry Pass-Brent, FL area apply: median family income $92,800, low-income (80%) limit $74,600 for a family of four.