Location: Ocala, FL | Metro: Levy County, 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 | $1,020 |
| 1 Bedroom | $1,060 |
| 2 Bedrooms | $1,240 |
| 3 Bedrooms | $1,600 |
| 4 Bedrooms | $1,720 |
| 5 Bedrooms | $1,995 |
| 6 Bedrooms | $2,234 |
| 7 Bedrooms | $2,413 |
| 8 Bedrooms | $2,534 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,600 | $487,936 | 0.33% | F |
U.S. Census Bureau data (2024)
The classification of ZIP code 32668 on the axes of yield and stability reveals a nuanced picture for real estate investors. On the yield axis, the Federal Market Rent (FMR) for 2024 stands at $1020, which is notably higher than the market rent of $638. This indicates that there is a potential upside for properties participating in the Section 8 program, where the government subsidizes rents up to the FMR level. The median home value in the area is $461,577, suggesting that while the initial investment might be substantial, the higher subsidized rent can offer attractive returns.
Moving to the stability axis, the percentage of renters in ZIP 32668 is 13.5%, indicating a relatively low demand from tenants who might prefer renting over owning. The absence of data on days on market (DOM) suggests that there isn't enough information to assess how quickly rental properties turn over, which could impact the consistency of cash flow. However, the average household income is $58,299, providing some assurance that there is a stable economic base supporting the local rental market.
Based on these figures, ZIP 32668 leans towards being a steady-cashflow zone. While the yield is high due to the significant gap between FMR and market rent, the stability is moderate. The low percentage of renters implies less turnover risk but also lower overall demand for rental units. The absence of DOM data prevents a full assessment of stability, but the decent income levels suggest that tenants will likely have the means to pay rent consistently.
To conclude, for landlords and small-portfolio investors looking to balance between high returns and steady cash flow, ZIP 32668 presents a viable option. The high subsidy rates under Section 8 can lead to strong yields, whereas the moderate stability factors, such as income levels and the percentage of renters, indicate a reasonable level of financial predictability without the volatility associated with high-turnover markets.
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.