FY2027 Small Area FMR · Pensacola, FL

ZIP 32507 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 32507 (Pensacola, FL) is $1,530 a month, down 8.4% from FY2026. That is 1% below the Pensacola-Ferry Pass-Brent, FL area-wide FMR of $1,548.

2-bedroom SAFMR$1,530per month ▼ 8.4%

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

Rank in the area19thof 37 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$1,140▼ 9.5%

1 BR$1,340▼ 6.3%

2 BR$1,530▼ 8.4%

3 BR$2,010▼ 9.5%

4 BR$2,430▼ 10.0%

FY2027 FY2026

Where 32507 sits in the Pensacola-Ferry Pass-Brent, FL area

Of the 37 ZIP codes HUD lists for the area, 32507 has the 19th 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 $1,530 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	$1,140	$1,026 – $1,254	$1,154	$1,260
1 bedroom	$1,340	$1,206 – $1,474	$1,359	$1,430
2 bedrooms	$1,530	$1,377 – $1,683	$1,548	$1,670
3 bedrooms	$2,010	$1,809 – $2,211	$2,034	$2,220
4 bedrooms	$2,430	$2,187 – $2,673	$2,435	$2,700

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 $92,800 and the 80% low-income limit for four people is $74,600. ZIP code 32507 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
32506	Pensacola	3.7 mi	$1,580
32508	Pensacola	3.7 mi	$2,120
32512	Pensacola	6.1 mi	$1,510
36549	Lillian	6.6 mi	$1,390
32511	Pensacola	6.9 mi	$1,560
32509	Pensacola	9.3 mi	$1,580

Questions

What is the Fair Market Rent for ZIP code 32507?

HUD's FY2027 Small Area Fair Market Rents for 32507 are $1,140 (studio), $1,340 (1 BR), $1,530 (2 BR), $2,010 (3 BR) and $2,430 (4 BR) a month.

What is the Section 8 payment standard in 32507?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 32507 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 32507?

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.