Section 8 Fair Market Rent (FMR) for ZIP 32133 - 2027

Location: Ocala, FL | Metro: Ocala, FL MSA

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,050
1 Bedroom	$1,060
2 Bedrooms	$1,240
3 Bedrooms	$1,620
4 Bedrooms	$1,720
5 Bedrooms	$1,995
6 Bedrooms	$2,234
7 Bedrooms	$2,413
8 Bedrooms	$2,534

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

483

Median Household Income

$161,198

Housing Units

239

Renter Percentage

2.9%

Occupancy Rate

100.0%

Renter Occupied

The ZIP code 32133, located in Brevard County, Florida, is characterized by its suburban landscape and proximity to urban amenities, making it an attractive area for both homeowners and renters. This region is known for its blend of residential tranquility and access to local services, which can be leveraged by savvy real estate investors.

The Fair Market Rent (FMR) for ZIP 32133 in fiscal year 2024 is set at $1540, providing a benchmark for rental pricing in the area.
The renter share of the population is relatively low at 2.9%, indicating that this area is predominantly owner-occupied.
The median household income in ZIP 32133 stands at $161,198, suggesting a robust economic base capable of supporting higher-end real estate investments.
While specific market rent data is currently unavailable, the high median income implies potential for premium rentals.
The lack of available Days on Market (DOM) data points to a stable housing market where properties are typically sold rather than rented out.
The absence of median home value data could indicate a diverse range of property types and values, requiring individual assessment for investment opportunities.

Given the high median income and the low renter share, landlords and small-portfolio investors should focus on owner-occupied opportunities or consider premium rental offerings that cater to the affluent demographic. The FMR provides a useful starting point for setting rental prices, but the actual market rates may exceed this figure due to the strong economic foundation of the area. Investors should also be prepared for potentially longer sales cycles if they aim to sell properties rather than hold them for rental income. Overall, ZIP 32133 presents a niche market with significant potential for those willing to conduct detailed property analyses and target the right segments of the local real estate landscape.

Data Sources: FMR data from HUD (2027). 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.