Location: Deltona-Daytona Beach-Ormond Beach, FL | Metro: Deltona-Daytona Beach-Ormond Beach, FL HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,260 |
| 1 Bedroom | $1,360 |
| 2 Bedrooms | $1,670 |
| 3 Bedrooms | $2,200 |
| 4 Bedrooms | $2,400 |
| 5 Bedrooms | $2,784 |
| 6 Bedrooms | $3,118 |
| 7 Bedrooms | $3,367 |
| 8 Bedrooms | $3,535 |
To classify ZIP code 32121 in Florida, we need to analyze the available data points concerning yield and stability.
The Fair Market Rent (FMR) for ZIP 32121 in fiscal year 2024 is set at $1410. This figure represents the median gross rent for a standard-quality rental unit in the area, which is a key indicator of potential rental income. However, without specific market rent data or average home values, it's challenging to fully assess the yield relative to investment costs. The FMR suggests that there is a baseline for what can be charged for rent, but whether this translates into high yields depends on the cost of acquiring properties in the area.
Moving on to stability, the data currently does not provide percentages of renters, days on market (DOM), or median household income. These missing metrics make it difficult to gauge the long-term stability of the rental market in ZIP 32121. Typically, higher percentages of renters and shorter DOM periods indicate a stable rental market, while median household income offers insight into the financial health of potential tenants.
Given the limited data, ZIP 32121 cannot be definitively classified as either a high-yield/low-stability flip-style market or a steady-cashflow zone. The known FMR suggests a moderate yield opportunity, but the lack of additional market-specific data means that the stability of the rental market remains unclear. For landlords and small-portfolio investors, this ZIP code could represent a middle-ground opportunity where the potential for good cash flow exists, but the risks associated with tenant turnover and property acquisition costs remain uncertain.
To make a more informed decision, further research should be conducted to fill in the gaps regarding market rents, average home values, and tenant demographics. This would allow for a clearer assessment of both the yield and stability prospects in ZIP 32121.
Data Sources: FMR data from HUD (2027).
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.