Location: Ocala, FL | Metro: Ocala, 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 | $1,020 |
| 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: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,240 | $216,124 | 0.57% | F |
| 3BR | $1,600 | $406,032 | 0.39% | F |
U.S. Census Bureau data (2024)
The dynamics of ZIP 32686, Reddick, FL, reveal a market in equilibrium. The Fair Market Rent (FMR) stands at $1020 for the fiscal year 2024, while the market rent, according to the Census American Community Survey (ACS), is slightly higher at $1,051. This minor gap suggests that the rental market is stable, with rents reflecting fair market values without significant upward or downward pressure.
The price-cut share, a metric indicating the percentage of listings that have been reduced in price, is exceptionally low at 0.2%. This figure points to a strong seller's market where properties maintain their initial asking prices, implying that demand meets or slightly exceeds supply. However, the median home value of $398,806 provides context to the overall affordability and desirability of homeownership in the area. Given the lack of days on market (DOM) data, we cannot conclusively determine the speed at which homes are selling, but the low price-cut share suggests quick sales.
A noteworthy aspect is the 35.2% renter share, which is a substantial portion of the population. This high percentage of renters indicates persistent long-term housing pressure. In areas where a significant number of residents prefer or must rent, it often signals a trend towards continued demand for rental properties. Landlords and small-portfolio investors should take note of this trend, as it suggests a steady need for rental units, which can be a reliable source of income.
In summary, ZIP 32686 presents a balanced yet dynamic housing market. Rental rates are closely aligned with FMRs, indicating stability, while the low price-cut share suggests a favorable environment for property sellers. The high renter share underscores the ongoing demand for rental properties, making Reddick an attractive location for those looking to invest in the rental sector.
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.