Florida · FIPS 12037 · HUD FY 2027
Franklin County, Florida Fair Market Rent
HUD’s FY 2027 Fair Market Rent for a 2-bedroom in Franklin County is $1,068 a month (rent plus utilities), 46% below the Florida average of $1,962 and 39% below the U.S. average of $1,761. That is down $118 (9.9%) from FY 2026. At 30% of income, a household needs about $42,720 a year to afford it.
- $1,0682-bedroom FMR−$118 (−9.9%) vs FY 2026
- $9531-bedroom FMRFlorida: $1,665 · U.S.: $1,478
- $42,720Income for a 2-bedroom$21/hour full-time
- 53 of 672BR rank in Florida1 = highest rent
| Unit | Franklin County FY 2027 | FY 2026 | Change | Florida avg | U.S. avg | Income needed |
|---|---|---|---|---|---|---|
| Studio | $930 | $1,033 | −$103 (−10.0%) | $1,566 | $1,379 | $37,200 |
| 1 bedroom | $953 | $1,058 | −$105 (−9.9%) | $1,665 | $1,478 | $38,120 |
| 2 bedrooms | $1,068 | $1,186 | −$118 (−9.9%) | $1,962 | $1,761 | $42,720 |
| 3 bedrooms | $1,408 | $1,564 | −$156 (−10.0%) | $2,532 | $2,266 | $56,320 |
| 4 bedrooms | $1,413 | $1,570 | −$157 (−10.0%) | $2,947 | $2,607 | $56,520 |
How Franklin County compares
- Franklin County is a non-metro county, so HUD sets one Fair Market Rent for the whole county.
- Across Florida, 2-bedroom FMRs run from $953 (Taylor County) to $2,564 (Miami-Dade County).
- Studio to 4-bedroom: $930, $953, $1,068, $1,408, $1,413. HUD derives the other sizes from the 2-bedroom figure with fixed ratios, adjusted where local data warrant.
- HUD also publishes ZIP-level Small Area FMRs. For the 4 ZIP codes mostly in Franklin County (by land area), the 2-bedroom figure ranges from $1,070 to $1,260.
Small Area FMRs by ZIP code in Franklin County
| ZIP | Studio | 1BR | 2BR | 3BR | 4BR | 2BR vs FY 2026 | 2BR vs area FMR |
|---|---|---|---|---|---|---|---|
| 32320 | $1,100 | $1,150 | $1,260 | $1,670 | $1,670 | −$140 (−10.0%) | 18% above |
| 32322 | $1,100 | $1,150 | $1,250 | $1,640 | $1,640 | +$10 (+0.8%) | 17% above |
| 32323 | $1,100 | $1,150 | $1,250 | $1,640 | $1,640 | +$10 (+0.8%) | 17% above |
| 32328 | $930 | $960 | $1,070 | $1,410 | $1,640 | +$40 (+3.9%) | about the same as |
Sources
- U.S. Department of Housing and Urban Development, HUD User Fair Market Rents: FY 2027 FMRs (file dated August 26, 2026) and FY 2026 FMRs (file dated April 21, 2026).
- HUD User Small Area Fair Market Rents: FY 2027 SAFMRs (file dated August 31, 2026) and FY 2026 SAFMRs (file dated April 21, 2026).
- ZIP-to-county assignment: Census Bureau 2020 ZCTA-to-county relationship file (file dated December 9, 2021), largest land-area overlap.
Fair Market Rents are HUD’s estimate of gross rent (rent plus utilities) for a modest unit, set at the 40th percentile of recent-mover rents. FY 2027 is HUD’s fiscal year beginning October 1, 2026. Housing authorities set voucher payment standards from these figures; check yours.