Location: Ocala, FL | Metro: Ocala, FL MSA
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,020 |
| 1 Bedroom | $1,060 |
| 2 Bedrooms | $1,240 |
| 3 Bedrooms | $1,600 |
| 4 Bedrooms | $1,720 |
| 5 Bedrooms | $1,995 |
| 6 Bedrooms | $2,234 |
| 7 Bedrooms | $2,413 |
| 8 Bedrooms | $2,534 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,240 | $200,592 | 0.62% | D |
| 3BR | $1,600 | $312,683 | 0.51% | F |
U.S. Census Bureau data (2024)
The ZIP code 32113, located in Citra, Florida, falls within the Ocala, FL MSA metro area. To understand its position relative to other ZIP codes in the Ocala MSA, we can analyze its Fair Market Rent (FMR), market rent, home value, and renter share. In ZIP 32113, the FMR for FY 2024 is set at $1,050, while the market rent stands at $1,278. The median home value in this ZIP code is $307,975, and it has a 13.7% renter share.
When comparing these figures to typical Ocala, FL MSA ZIPs, we see that 32113 exhibits characteristics of a value pocket within its metro. The FMR being lower than the market rent suggests that there is a discrepancy between what is considered fair and what tenants are actually paying, which could indicate a potential for higher returns on investment properties. Additionally, the median home value of $307,975 is relatively modest compared to some other areas within the Ocala MSA, making it attractive for investors looking for affordable entry points.
The 13.7% renter share is another key indicator. While this figure might not be exceptionally high, it does suggest a notable portion of the population is renting. This is particularly relevant when considering the below-average home values, as it often signals an opportunity for Section 8 housing. Landlords and small-portfolio investors should take note of these factors, as they suggest a favorable environment for rental properties, especially those that qualify for government subsidies.
To summarize, ZIP 32113 in Citra, FL, represents a value pocket within the Ocala, FL MSA. Its lower FMR, competitive market rent, and modest home values, combined with a decent renter share, make it an attractive location for investors seeking opportunities in the rental market, particularly in Section 8 housing.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). Demographics from U.S. Census (2024).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.