Location: Deltona-Daytona Beach-Ormond Beach, FL | Metro: Deltona-Daytona Beach-Ormond Beach, FL HUD Metro FMR Area
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 | $1,170 |
| 1 Bedroom | $1,270 |
| 2 Bedrooms | $1,560 |
| 3 Bedrooms | $2,060 |
| 4 Bedrooms | $2,240 |
| 5 Bedrooms | $2,598 |
| 6 Bedrooms | $2,910 |
| 7 Bedrooms | $3,143 |
| 8 Bedrooms | $3,300 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,560 | $231,357 | 0.67% | D |
| 3BR | $2,060 | $344,810 | 0.6% | F |
| 4BR | $2,240 | $484,568 | 0.46% | F |
U.S. Census Bureau data (2024)
The Section 8 analysis for ZIP code 32130, located in De Leon Springs, FL, reveals a significant gap between the Fair Market Rent (FMR) and the actual market rent. The FMR for FY 2024 is set at $1400, while the Census ACS data indicates an average market rent of $1118. This represents a difference of $282 per month, or approximately 25.2%.
Given that the FMR exceeds the market rent, it is evident that properties participating in the Section 8 program can achieve higher yields compared to those rented at open-market rates. Landlords who accept Section 8 vouchers in De Leon Springs will be able to charge $1400 per month, which is $282 more than the average market rent. This scenario benefits landlords by providing a more stable and reliable source of income, especially considering the local rental dynamics where only 24.8% of residents are renters.
The median home value in De Leon Springs stands at $331,901, reflecting a relatively affordable housing market. However, the median income is lower at $60,563, which underscores the necessity for affordable housing options like Section 8. Despite the higher FMR, landlords must understand that the cost of maintaining voucher tenants can be different from traditional market-rate tenants. These costs include potential delays in rent payments due to administrative processes, stricter maintenance standards required by the program, and the need to adhere to HUD regulations.
Nevertheless, the financial incentive of receiving $1400 per month under the Section 8 program, compared to the typical market rent, makes it a compelling option for yield-focused landlords and small-portfolio investors. It allows them to capitalize on a government-supported rental rate that is above the current market average, ensuring a steady and predictable income stream. This is particularly advantageous given the economic context of De Leon Springs, where the median income does not necessarily support higher rents.
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.