Location: Ocala, FL | Metro: Gainesville, 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 | $1,040 |
| 1 Bedroom | $1,130 |
| 2 Bedrooms | $1,350 |
| 3 Bedrooms | $1,690 |
| 4 Bedrooms | $1,780 |
| 5 Bedrooms | $2,065 |
| 6 Bedrooms | $2,313 |
| 7 Bedrooms | $2,498 |
| 8 Bedrooms | $2,623 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,350 | $225,762 | 0.6% | F |
| 3BR | $1,690 | $374,434 | 0.45% | F |
| 4BR | $1,780 | $529,744 | 0.34% | F |
U.S. Census Bureau data (2024)
1160 is the Fair Market Rent (FMR) for ZIP code 32667 in Micanopy, FL, for fiscal year 2024. This figure represents the upper limit for rental units to qualify under the Section 8 program. In comparison, the Census Bureau reports a market rent of 1065, indicating that properties meeting the Section 8 criteria can command slightly higher rents than the average market rate. The median home value in this area stands at 359809, which suggests a moderate housing market that could be attractive for investors looking for stable returns. Renter share in Micanopy is relatively low at 11.4%, meaning that the majority of residents are homeowners, but there remains a solid demand for rental properties among those who cannot afford to purchase. The median income of 81659 provides insight into the economic profile of the area, showing that while it is not the highest, it supports a viable rental market. Notably, the day DOM (days on market) is listed as N/A, which could indicate either a very efficient local real estate market or limited data availability. The price-cut share is a mere 0.1%, suggesting that property values are generally stable and rarely require adjustments to attract buyers. Given these factors, landlords and small-portfolio investors can expect a reliable rental market where Section 8 properties can be priced competitively above the market average without the risk of significant price fluctuations.
Based on the data, the verdict for Section 8 investments in Micanopy, FL, is positive, offering a good balance between fair market rates and economic stability.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.