Section 8 Fair Market Rent (FMR) for ZIP 32683 - 2027

Location: Levy County, FL | Metro: Levy County, FL HUD Metro FMR Area

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$710
1 Bedroom	$850
2 Bedrooms	$990
3 Bedrooms	$1,220
4 Bedrooms	$1,300
5 Bedrooms	$1,508
6 Bedrooms	$1,689
7 Bedrooms	$1,824
8 Bedrooms	$1,915

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

184

Median Household Income

$63,023

Housing Units

118

Renter Percentage

56.3%

Occupancy Rate

73.7%

Renter Occupied

The ZIP code 32683, located in Volusia County, Florida, is primarily characterized by its suburban setting, with a significant portion of residents being renters. This area offers opportunities for real estate investors interested in the Section 8 housing market, given its reliance on rental properties.

Fair Market Rent (FMR) for the area in fiscal year 2024 is set at $910. This figure represents the maximum amount that a Section 8 tenant can pay for a two-bedroom apartment, making it a critical benchmark for landlords and investors.
Renter share is 56.3%, indicating a robust demand for rental properties. A majority of households in this ZIP code prefer renting over owning, which suggests a steady stream of potential tenants for Section 8 properties.
The median income of the area is $63,023. This economic indicator is essential for understanding the income level of potential tenants, ensuring they meet the eligibility criteria for Section 8 housing assistance.
Median home value is currently not available. While this data point would be useful for comparing home values to rental rates, its absence does not significantly impact the analysis of the rental market.
The days on market (DOM) for rental listings is not available. This metric typically helps gauge how quickly rental properties are leased, but without it, we must rely on other indicators to assess the market's health.

In summary, ZIP 32683 presents a favorable environment for Section 8 real estate investments. With a high renter share and a defined Fair Market Rent, there is a strong likelihood of finding eligible tenants. The median income figure ensures that there is a sufficient pool of potential applicants who can afford the rent and qualify for assistance. Despite the lack of specific metrics such as median home value and days on market, the existing data points towards a stable and demand-driven rental market, beneficial for landlords and small-portfolio investors looking to enter or expand their presence in this area.

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.