FY2027 Small Area FMR · Baker, FL
ZIP 32531 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 32531 (Baker, FL) is $1,610 a month, up 11.0% from FY2026. That is 16% below the Crestview-Fort Walton Beach-Destin, FL area-wide FMR of $1,908.
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 32531 sits in the Crestview-Fort Walton Beach-Destin, FL area
Of the 18 ZIP codes HUD lists for the area, 32531 has the 15th highest two-bedroom Small Area FMR. Crestview-Fort Walton Beach-Destin, 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 $1,908 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,610 for this ZIP code instead.
ZIP code 32531 crosses more than one HUD area. HUD also lists it under Pensacola-Ferry Pass-Brent, 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 | $1,230 | $1,107 – $1,353 | $1,421 | $1,100 |
| 1 bedroom | $1,430 | $1,287 – $1,573 | $1,706 | $1,260 |
| 2 bedrooms | $1,610 | $1,449 – $1,771 | $1,908 | $1,450 |
| 3 bedrooms | $2,210 | $1,989 – $2,431 | $2,616 | $1,970 |
| 4 bedrooms | $2,690 | $2,421 – $2,959 | $3,189 | $2,380 |
A household renting a two-bedroom home at the Small Area FMR of $1,610 needs about $64,400 a year to keep housing costs at 30% of income. The area median family income is $106,700 and the 80% low-income limit for four people is $85,350. ZIP code 32531 lies mainly in Okaloosa County and Santa Rosa County. See the Crestview-Fort Walton Beach-Destin, 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 32531?
HUD's FY2027 Small Area Fair Market Rents for 32531 are $1,230 (studio), $1,430 (1 BR), $1,610 (2 BR), $2,210 (3 BR) and $2,690 (4 BR) a month.
What is the Section 8 payment standard in 32531?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 32531 that range is $1,449 to $1,771 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 32531?
The FY2026 income limits of the Crestview-Fort Walton Beach-Destin, FL area apply: median family income $106,700, low-income (80%) limit $85,350 for a family of four.