FY2027 Small Area FMR · Pensacola, FL

ZIP 32514 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 32514 (Pensacola, FL) is $1,730 a month, up 4.2% from FY2026. That is 12% above the Pensacola-Ferry Pass-Brent, FL area-wide FMR of $1,548.

2-bedroom SAFMR$1,730per month ▲ 4.2%

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

Rank in the area7thof 37 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,557

2 BR Small Area FMR$1,730

110% of SAFMR$1,903

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

Studio$1,290▲ 3.2%

1 BR$1,520▲ 7.0%

2 BR$1,730▲ 4.2%

3 BR$2,270▲ 3.2%

4 BR$2,720▲ 1.5%

FY2027 FY2026

Where 32514 sits in the Pensacola-Ferry Pass-Brent, FL area

Of the 37 ZIP codes HUD lists for the area, 32514 has the 7th 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 $1,730 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	$1,290	$1,161 – $1,419	$1,154	$1,250
1 bedroom	$1,520	$1,368 – $1,672	$1,359	$1,420
2 bedrooms	$1,730	$1,557 – $1,903	$1,548	$1,660
3 bedrooms	$2,270	$2,043 – $2,497	$2,034	$2,200
4 bedrooms	$2,720	$2,448 – $2,992	$2,435	$2,680

A household renting a two-bedroom home at the Small Area FMR of $1,730 needs about $69,200 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 32514 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
32534	Pensacola	3.6 mi	$1,580
32504	Pensacola	4.5 mi	$1,530
32503	Pensacola	5.0 mi	$1,500
32505	Pensacola	5.8 mi	$1,330
32501	Pensacola	7.1 mi	$1,330
32509	Pensacola	8.2 mi	$1,580

Questions

What is the Fair Market Rent for ZIP code 32514?

HUD's FY2027 Small Area Fair Market Rents for 32514 are $1,290 (studio), $1,520 (1 BR), $1,730 (2 BR), $2,270 (3 BR) and $2,720 (4 BR) a month.

What is the Section 8 payment standard in 32514?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 32514 that range is $1,557 to $1,903 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 32514?

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.