Location: Orlando-Kissimmee-Sanford, 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 | $1,150 |
| 1 Bedroom | $1,210 |
| 2 Bedrooms | $1,480 |
| 3 Bedrooms | $1,930 |
| 4 Bedrooms | $2,120 |
| 5 Bedrooms | $2,459 |
| 6 Bedrooms | $2,754 |
| 7 Bedrooms | $2,974 |
| 8 Bedrooms | $3,123 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $1,210 | $174,128 | 0.69% | D |
| 2BR | $1,480 | $213,024 | 0.69% | D |
| 3BR | $1,930 | $322,700 | 0.6% | F |
| 4BR | $2,120 | $409,090 | 0.52% | F |
| 5BR | $2,459 | $480,996 | 0.51% | F |
U.S. Census Bureau data (2024)
1460 is the Fair Market Rent (FMR) for ZIP code 32720 in Deland, FL, for fiscal year 2024, setting a clear benchmark for rental properties eligible under the Section 8 program. 1729 is the Zillow Observed Rental Index (ZORI), indicating the average market rent in the area, which is notably lower than the FMR, suggesting potential profit margins for landlords. 323557 represents the median home value in the region, a figure that underscores the overall property values and can influence investment decisions. 30.5 is the percentage of renters in the area, showing a significant portion of the population relies on rental housing, which is crucial for landlords considering the demand. 68830 is the median income in the ZIP code, providing insight into the financial capabilities of potential tenants. 41 days is the typical Days on Market (DOM) for properties in this area, reflecting how quickly homes can be rented out. 0.3 percent is the price-cut share, a low figure that suggests landlords and investors need not worry about frequent price adjustments to attract tenants.
In Deland, the gap between the FMR and the ZORI presents an opportunity for landlords to potentially charge higher rents while still being within the bounds of the Section 8 program. The high renter share indicates strong demand, and the relatively short DOM suggests efficient turnover rates. Given the median home value and the low price-cut share, the real estate market appears stable and favorable for long-term investments. However, the median income must be considered when evaluating tenant qualifications and rent payment reliability.
Based on these figures, Deland, FL, remains a viable option for Section 8 investments, offering a balance between market demand and financial stability.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.