FY2027 Small Area FMR · Valparaiso, FL

ZIP 32580 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 32580 (Valparaiso, FL) is $1,670 a month, up 2.5% from FY2026. That is 12% below the Crestview-Fort Walton Beach-Destin, FL area-wide FMR of $1,908.

2-bedroom SAFMR$1,670per month ▲ 2.5%

Area-wide 2 BR FMR$1,908Crestview-Fort Walton Beach-

Rank in the area13thof 18 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,503

2 BR Small Area FMR$1,670

110% of SAFMR$1,837

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

Studio$1,240■ 0.0%

1 BR$1,490▲ 3.5%

2 BR$1,670▲ 2.5%

3 BR$2,290▲ 2.2%

4 BR$2,790▲ 2.6%

FY2027 FY2026

Where 32580 sits in the Crestview-Fort Walton Beach-Destin, FL area

Of the 18 ZIP codes HUD lists for the area, 32580 has the 13th 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 $1,670 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	$1,240	$1,116 – $1,364	$1,421	$1,240
1 bedroom	$1,490	$1,341 – $1,639	$1,706	$1,440
2 bedrooms	$1,670	$1,503 – $1,837	$1,908	$1,630
3 bedrooms	$2,290	$2,061 – $2,519	$2,616	$2,240
4 bedrooms	$2,790	$2,511 – $3,069	$3,189	$2,720

A household renting a two-bedroom home at the Small Area FMR of $1,670 needs about $66,800 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 32580 lies mainly in Okaloosa County. See the Crestview-Fort Walton Beach-Destin, FL county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
32542	Eglin Afb	1.9 mi	$2,530
32578	Niceville	4.2 mi	$2,260
32579	Shalimar	4.4 mi	$2,030
32541	Destin	6.9 mi	$2,470
32547	Fort Walton Beach	9.2 mi	$1,850
32544	Hurlburt Field	11.7 mi	$2,450

Questions

What is the Fair Market Rent for ZIP code 32580?

HUD's FY2027 Small Area Fair Market Rents for 32580 are $1,240 (studio), $1,490 (1 BR), $1,670 (2 BR), $2,290 (3 BR) and $2,790 (4 BR) a month.

What is the Section 8 payment standard in 32580?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 32580 that range is $1,503 to $1,837 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 32580?

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.