Location: Orlando-Kissimmee-Sanford, FL | Metro: Orlando-Kissimmee-Sanford, FL MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,680 |
| 1 Bedroom | $1,740 |
| 2 Bedrooms | $1,980 |
| 3 Bedrooms | $2,470 |
| 4 Bedrooms | $2,890 |
| 5 Bedrooms | $3,352 |
| 6 Bedrooms | $3,754 |
| 7 Bedrooms | $4,054 |
| 8 Bedrooms | $4,257 |
The market in ZIP 32719, located in Florida, is characterized by a fixed Fair Market Rent (FMR) figure of $1910 for the fiscal year 2024. This suggests a stable rental environment, at least in terms of government-set benchmarks. However, the lack of data on market rent, days on market (DOM), median home value, and the percentage of renters indicates a less defined picture of the actual housing dynamics.
The absence of a reported market rent figure implies that either there is insufficient data or the market rent closely aligns with the FMR. If market rent were significantly higher or lower, it would likely be noted. The unavailability of DOM data could mean that properties are moving quickly, indicating strong demand, or that listings are sparse, suggesting a balanced or low-supply market. A high median home value typically signals a robust local economy, but without this figure, we cannot make such an inference for ZIP 32719.
The unknown percentage of price-cut share suggests that landlords and sellers may be adjusting their prices based on market conditions, but the specific extent of these adjustments remains unclear. An unspecified renter share can indicate several things: it might suggest a transient population, a mix of renters and homeowners, or a lack of comprehensive data collection. In any case, a significant renter share often points to ongoing housing pressure, as renters may struggle to find affordable homes, pushing them towards the rental market.
In ZIP 32719, the dynamics of the real estate market are somewhat opaque due to the limited available data. Landlords and small-portfolio investors should remain vigilant, using the $1910 FMR as a baseline while looking for additional indicators of market health. The stability of the FMR contrasts with the unknowns of the local market, suggesting a need for careful analysis of individual property performance and neighborhood trends.
Data Sources: FMR data from HUD (2027).
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.