Location: Wildwood-The Villages, FL | Metro: Orlando-Kissimmee-Sanford, 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 | $1,310 |
| 1 Bedroom | $1,360 |
| 2 Bedrooms | $1,560 |
| 3 Bedrooms | $1,930 |
| 4 Bedrooms | $2,260 |
| 5 Bedrooms | $2,622 |
| 6 Bedrooms | $2,937 |
| 7 Bedrooms | $3,172 |
| 8 Bedrooms | $3,331 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,560 | $268,875 | 0.58% | F |
| 3BR | $1,930 | $359,419 | 0.54% | F |
| 4BR | $2,260 | $441,318 | 0.51% | F |
U.S. Census Bureau data (2024)
17.6% of residents in ZIP code 32159, Lady Lake, FL, are renters, indicating a moderate demand for rental properties. The $1510 Fair Market Rent (FMR) for Section 8 vouchers in the area for fiscal year 2024 is notably lower than the $1,631 market rent (ZORI), suggesting a potential gap between what tenants can afford and what landlords charge. This difference can be a significant consideration for landlords aiming to attract Section 8 tenants. The median home value stands at $318,731, which is substantially higher than the median income of $58,518, highlighting a challenge for first-time buyers and emphasizing the importance of rental markets. With an average of 48 days on the market (DOM), it's evident that properties in Lady Lake sell relatively quickly once listed. However, only 0.3% of these listings experience price cuts, indicating a stable market where pricing accurately reflects property values.
The disparity between the FMR and ZORI suggests that landlords might need to adjust their expectations if they wish to participate in the Section 8 program. Given the $1510 FMR, landlords should ensure their properties meet the necessary standards while being mindful of the financial realities faced by many tenants. Despite the challenges, the low percentage of price cuts and quick sales indicate a robust market, making it a favorable location for small-portfolio investors. The key will be balancing the desire for higher rents against the reality of tenant affordability.
Section 8 verdict: Lady Lake, FL, offers a balanced opportunity for landlords willing to navigate the lower FMR and align their expectations with tenant affordability.
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.