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 | $1,150 |
| 1 Bedroom | $1,210 |
| 2 Bedrooms | $1,370 |
| 3 Bedrooms | $1,730 |
| 4 Bedrooms | $2,090 |
| 5 Bedrooms | $2,424 |
| 6 Bedrooms | $2,715 |
| 7 Bedrooms | $2,932 |
| 8 Bedrooms | $3,079 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $1,210 | $113,381 | 1.07% | B |
| 2BR | $1,370 | $210,594 | 0.65% | D |
| 3BR | $1,730 | $291,678 | 0.59% | F |
| 4BR | $2,090 | $367,900 | 0.57% | F |
| 5BR | $2,424 | $442,298 | 0.55% | F |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 32726, Eustis, Florida, for fiscal year 2024 is set at $1,460. This figure represents the maximum amount that a landlord can charge for rent under the Section 8 program. It's important to note that this is not the actual rent you'll receive; it's the benchmark against which your proposed rent must be justified. The actual rent you'll get paid could be less if the tenant's portion plus the housing assistance payment does not reach this limit.
To put this into perspective, the local Zillow Observed Rent Index (ZORI) for the same area is $1,738. This means that if you're looking to participate in the Section 8 program, you might need to lower your rent by around $278 per month to meet the FMR requirements. However, this doesn't necessarily mean a loss, as the demand for affordable housing in Eustis is quite high, with 29.6% of residents being renters. This indicates a strong market for rentals, especially those that cater to low-income families.
If you're considering purchasing a property in this area to become a Section 8 landlord, the median home value is approximately $286,692. This figure gives you an idea of the typical acquisition cost for a home in Eustis. While this might seem like a significant investment, remember that Section 8 provides a steady stream of income through the Housing Choice Voucher Program, which helps cover the cost of rent and utilities.
Before you make your final decision, ensure that your proposed rental unit meets all the eligibility requirements set by the Department of Housing and Urban Development (HUD). This includes passing a thorough inspection to confirm that the property is safe, decent, and sanitary. HUD sets these standards to protect tenants and maintain quality living conditions.
In summary, participating in the Section 8 program in Eustis, FL, means adhering to a rent cap of $1460, which is below the average local rent. Despite this, the high renter share suggests a strong demand for affordable housing. The median home price of $286,692 is a key factor in determining your potential investment. Remember, the primary condition for success is ensuring your property complies with HUD's quality standards.
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.