Location: Deltona-Daytona Beach-Ormond Beach, FL | Metro: Deltona-Daytona Beach-Ormond Beach, 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 | $1,440 |
| 1 Bedroom | $1,560 |
| 2 Bedrooms | $1,920 |
| 3 Bedrooms | $2,530 |
| 4 Bedrooms | $2,760 |
| 5 Bedrooms | $3,202 |
| 6 Bedrooms | $3,586 |
| 7 Bedrooms | $3,873 |
| 8 Bedrooms | $4,067 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,920 | $244,720 | 0.78% | D |
| 3BR | $2,530 | $361,362 | 0.7% | D |
| 4BR | $2,760 | $463,751 | 0.6% | F |
| 5BR | $3,202 | $531,638 | 0.6% | D |
U.S. Census Bureau data (2024)
ZIP 32713, located in Debary, FL within the Deltona-Daytona Beach-Ormond Beach, FL HUD Metro FMR Area, serves as a cash-flow anchor in a Section 8 portfolio strategy. The Fair Market Rent (FMR) for ZIP 32713 in fiscal year 2024 is set at $1550, which is significantly lower than the market rent of $1962. This difference provides a stable and predictable income source for landlords, ensuring they can cover their mortgage payments and other expenses without relying on volatile market conditions.
The median home value in this area is $377,968, indicating a moderate housing market that supports a consistent rental demand. The spread between the FMR and market rent means that landlords can expect to receive a steady stream of government-subsidized payments, reducing the risk of vacancy and ensuring reliable cash flow.
Additionally, the 0.3% price-cut share and 38-day Days on Market (DOM) suggest that while there is a slight competitive edge in terms of pricing, the market is efficient and properties are generally rented quickly. This further reinforces the suitability of ZIP 32713 as a cash-flow anchor, as landlords can anticipate rapid property turnover without significant loss in rental rates.
Although the renter share is 12.9% and the median income is $88,500, these factors do not outweigh the benefits of the FMR being below market rent. These statistics point towards a diverse population but do not indicate strong potential for property appreciation or significant rental growth beyond the subsidized rate. Therefore, focusing on the cash-flow stability provided by the Section 8 program in ZIP 32713 is the most prudent approach for landlords and small-portfolio investors.
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.