HUD Fair Market Rent · FY 2027 · Effective Oct 1, 2026 to Sep 30, 2027
Fair Market Rent in Putnam County, Florida (FY 2027)
$1,040 a month. That's HUD's FY 2027 Fair Market Rent for a two-bedroom in Putnam County, and it's the baseline every voucher in Putnam is measured against.
Two-bedroom FMR
$1,040
-10.0% from FY 2026
Payment standard
$936–$1,144
90% to 110% of the FMR, two-bedroom
Income to afford
$41,600
a year, with rent at 30% of income
Rank in Florida
55th of 67
by two-bedroom FMR, highest first
FY 2027 Fair Market Rents
Payment standard is the 90% to 110% band a housing authority can set. Income needed puts rent at 30% of gross income, and the hourly wage assumes a 40-hour week.
| Bedrooms | FMR | Payment standard | Income needed | Hourly wage | vs FY 2026 |
|---|---|---|---|---|---|
| Studio | $787 | $708–$866 | $31,480 | $15.13/hr | -10.0% |
| 1 bedroom | $792 | $713–$871 | $31,680 | $15.23/hr | -10.0% |
| 2 bedroom | $1,040 | $936–$1,144 | $41,600 | $20.00/hr | -10.0% |
| 3 bedroom | $1,307 | $1,176–$1,438 | $52,280 | $25.13/hr | -10.0% |
| 4 bedroom | $1,377 | $1,239–$1,515 | $55,080 | $26.48/hr | -9.9% |
Five to eight bedrooms (PropMetrics estimates)
HUD stops at four bedrooms. These add 15% of the four-bedroom rent per extra bedroom. It's our estimate, not a HUD number.
| Bedrooms | Estimated FMR | Payment standard |
|---|---|---|
| 5 bedroom Estimate | $1,584 | $1,426–$1,742 |
| 6 bedroom Estimate | $1,790 | $1,611–$1,969 |
| 7 bedroom Estimate | $1,997 | $1,797–$2,197 |
| 8 bedroom Estimate | $2,203 | $1,983–$2,423 |
Source: HUD Office of Policy Development and Research, FY 2027 Fair Market Rents. Rents include utilities. huduser.gov
Market check
HUD's number is one input. What does a two-bedroom in Putnam actually rent for?
Search any address in Putnam for a rent estimate built from nearby comps, with the HUD figure right next to it.
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What a voucher pays here
The voucher doesn't pay the FMR itself. It pays the payment standard. Housing authorities set it anywhere from 90% to 110% of FMR, which puts a two-bedroom standard in Putnam somewhere between $936 and $1,144. The tenant pays roughly 30% of their income, the voucher covers the rest up to the standard, and the PHA won't approve a rent above what comparable unassisted units get.
$1,040 a month is affordable, by HUD's 30% rule, on an income of roughly $41,600 a year. Put another way, $20 an hour full time.
Worked example for a two-bedroom renting at the payment standard. The tenant pays 30% of monthly income and the voucher covers the rest.
| Monthly household income | Tenant pays (30%) | Voucher pays at 90%$936 | Voucher pays at 100%$1,040 | Voucher pays at 110%$1,144 |
|---|---|---|---|---|
| $2,500 | $750 | $186 | $290 | $394 |
| $4,000 | $1,200 | $0 | $0 | $0 |
Rate history
The two-bedroom rate went down 10% from FY 2026 ($1,155) to FY 2027 ($1,040). Since FY 2020 it's up 43% in total, about 5.3% a year. The Florida median held flat over the same year.
| Fiscal year | Studio | 1 BR | 2 BR | 3 BR | 4 BR | 2BR change |
|---|---|---|---|---|---|---|
| FY 2020 | $620 | $638 | $726 | $967 | $983 | — |
| FY 2021 | $623 | $627 | $765 | $997 | $1,037 | +5.4% |
| FY 2022 | $581 | $585 | $770 | $987 | $1,095 | +0.7% |
| FY 2023 | $623 | $628 | $826 | $1,059 | $1,161 | +7.3% |
| FY 2024 | $689 | $693 | $911 | $1,172 | $1,213 | +10.3% |
| FY 2025 | $754 | $759 | $996 | $1,263 | $1,321 | +9.3% |
| FY 2026 | $874 | $880 | $1,155 | $1,452 | $1,529 | +16.0% |
| FY 2027In effect | $787 | $792 | $1,040 | $1,307 | $1,377 | -10.0% |
About this rate
Fair Market Rent is HUD's estimate of what a modest, decent unit rents for in an area, utilities included. It's set once a year and runs October to September. For FY 2027 that's October 1, 2026 through September 30, 2027. In Putnam, that runs from $787 for a studio up to $1,377 for four bedrooms, all five rates in the table above.
Because Putnam sits outside any HUD metro area, its rate is a county-wide figure built from local rents. One number covers every address in the county, Interlachen included.
Among Florida's 67 counties, Putnam ranks 55th for two-bedroom FMR. That's about 29% below the state median of $1,474 and about 2% below the national median county at $1,063. About 75,164 people live here, 40th in the state.
Rates by ZIP code
Zoom in and the picture changes. HUD's Small Area FMRs put a two-bedroom at $990 in 32666 (Melrose) and $1,530 in 32112 (Crescent City), with the 15 ZIP codes in between. Housing authorities in HUD-designated metros use those ZIP rates instead of the county rate. Everywhere else the ZIP numbers show where rents actually sit, and the county rate stays the official standard.
| ZIP | City | 2BR rate | vs county |
|---|---|---|---|
| 32007 | Bostwick | $1,050 | +1.0% |
| 32112 | Crescent City | $1,530 | +47.1% |
| 32131 | East Palatka | $1,420 | +36.5% |
| 32138 | Grandin | $1,040County rate | — |
| 32139 | Georgetown | $1,040 | 0.0% |
| 32140 | Florahome | $1,330 | +27.9% |
| 32147 | Hollister | $1,050 | +1.0% |
| 32148 | Interlachen | $1,040 | 0.0% |
| 32149 | Interlachen | $1,040County rate | — |
| 32157 | Lake Como | $1,160 | +11.5% |
| 32177 | Palatka | $1,090 | +4.8% |
| 32178 | Palatka | $1,050 | +1.0% |
| 32181 | Pomona Park | $1,040 | 0.0% |
| 32185 | Putnam Hall | $1,040County rate | — |
| 32187 | San Mateo | $1,090 | +4.8% |
| 32189 | Satsuma | $1,040 | 0.0% |
| 32193 | Welaka | $1,100 | +5.8% |
| 32666 | Melrose | $990 | -4.8% |
| 33112 | Miami | $1,040County rate | — |
Nearby counties
Two-bedroom FMR, with how each compares to Putnam.
Flagler County
26 mi · 126,528 people
$1,758
+69%
Marion County
32 mi · 400,078 people
$1,394
+34%
Volusia County
39 mi · 579,622 people
$1,673
+61%
St. Johns County
40 mi · 306,934 people
$1,694
+63%
Clay County
44 mi · 227,584 people
$1,694
+63%
Lake County
44 mi · 412,924 people
$1,959
+88%
Alachua County
45 mi · 285,492 people
$1,471
+41%
Bradford County
48 mi · 27,885 people
$1,008
-3%
Questions people ask
$1,040 a month for FY 2027, which runs October 1, 2026 through September 30, 2027. The other rates are $787 for a studio, $792 for one bedroom, $1,307 for three and $1,377 for four.
Tools for this county
Fair Market Rent lookup
Any ZIP code's Small Area FMR by bedroom count
Section 8 rent calculator
Payment standard and tenant share for a specific rent
What is Fair Market Rent?
How HUD calculates FMR and what it means for landlords
Rent affordability calculator
The income a household needs for a given rent
What does a rental in Putnam actually go for?
HUD's number is one input. Search any address in Putnam for a rent estimate built from nearby comps. Free to start, no card.
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