FY2027 Small Area FMR · Merritt Island, FL

ZIP 32952 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 32952 (Merritt Island, FL) is $1,730 a month, up 6.1% from FY2026. That is 3% below the Palm Bay-Melbourne-Titusville, FL area-wide FMR of $1,779.

2-bedroom SAFMR$1,730per month ▲ 6.1%

Area-wide 2 BR FMR$1,779Palm Bay-Melbourne-Titusvill

Rank in the area33rdof 45 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▲ 6.6%

1 BR$1,480▲ 5.0%

2 BR$1,730▲ 6.1%

3 BR$2,320▲ 4.5%

4 BR$2,630▲ 4.4%

FY2027 FY2026

Where 32952 sits in the Palm Bay-Melbourne-Titusville, FL area

Of the 45 ZIP codes HUD lists for the area, 32952 has the 33rd highest two-bedroom Small Area FMR. Palm Bay-Melbourne-Titusville, FL is one of the 65 metro areas where HUD requires Small Area FMRs for the Housing Choice Voucher program (designated 2016), so local housing agencies must set payment standards from this ZIP code's figure, normally between $1,557 and $1,903 for two bedrooms.

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	$1,327	$1,210
1 bedroom	$1,480	$1,332 – $1,628	$1,525	$1,410
2 bedrooms	$1,730	$1,557 – $1,903	$1,779	$1,630
3 bedrooms	$2,320	$2,088 – $2,552	$2,382	$2,220
4 bedrooms	$2,630	$2,367 – $2,893	$2,707	$2,520

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 $97,000 and the 80% low-income limit for four people is $79,700. ZIP code 32952 lies mainly in Brevard County. See the Palm Bay-Melbourne-Titusville, FL county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
32899	Orlando	1.9 mi	$1,780
32959	Sharpes	1.9 mi	$1,670
32931	Cocoa Beach	2.2 mi	$1,870
32955	Rockledge	4.3 mi	$1,970
32925	Patrick Afb	5.6 mi	$2,420
32920	Cape Canaveral	5.9 mi	$1,430

Questions

What is the Fair Market Rent for ZIP code 32952?

HUD's FY2027 Small Area Fair Market Rents for 32952 are $1,290 (studio), $1,480 (1 BR), $1,730 (2 BR), $2,320 (3 BR) and $2,630 (4 BR) a month.

What is the Section 8 payment standard in 32952?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 32952 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 32952?

The FY2026 income limits of the Palm Bay-Melbourne-Titusville, FL area apply: median family income $97,000, low-income (80%) limit $79,700 for a family of four.