Location: Orlando-Kissimmee-Sanford, 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 | $1,570 |
| 1 Bedroom | $1,640 |
| 2 Bedrooms | $1,860 |
| 3 Bedrooms | $2,320 |
| 4 Bedrooms | $2,710 |
| 5 Bedrooms | $3,144 |
| 6 Bedrooms | $3,521 |
| 7 Bedrooms | $3,803 |
| 8 Bedrooms | $3,993 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $1,640 | $130,076 | 1.26% | A |
| 2BR | $1,860 | $228,138 | 0.82% | C |
| 3BR | $2,320 | $352,609 | 0.66% | D |
| 4BR | $2,710 | $451,304 | 0.6% | D |
| 5BR | $3,144 | $611,496 | 0.51% | F |
U.S. Census Bureau data (2024)
The potential pitfalls for a Section 8 landlord in ZIP 32707, Casselberry, FL, include higher tenant turnover due to the gap between the market rent of $1,984 and the Fair Market Rent (FMR) of $1,800 for FY 2024. This disparity can lead to frequent changes in occupancy, which may increase administrative burdens and maintenance costs. Additionally, there is a significant risk of vacancy exposure, as the average Days on Market (DOM) is 33 days. A prolonged period of vacancy can negatively impact cash flow and profitability.
The deferred maintenance exposure is another critical concern. With a typical home value of $350,067 and a median household income of $69,113, property owners must be prepared for substantial maintenance expenses that tenants might not cover fully. The financial strain of maintaining properties without adequate support can be considerable.
However, these risks are mitigated by the high concentration of renters in the area, with 34.2% of residents being renters. High renter density often correlates with increased demand for housing vouchers, which can provide a steady stream of tenants who are committed to paying their rent through the Section 8 program. This consistent demand can stabilize occupancy rates and reduce the likelihood of extended vacancies.
Verdict: Moderate risk for a first-time Section 8 landlord.
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.