Section 8 Fair Market Rent (FMR) for ZIP 32730 - 2027

Location: Orlando-Kissimmee-Sanford, FL | Metro: Orlando-Kissimmee-Sanford, FL MSA

Investment Score for ZIP 32730

Monthly Rent (2BR)

$1,730

Median Price (2BR)

$250,996

1% Rule

0.69%

Annual Yield

8.27%

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,460
1 Bedroom	$1,520
2 Bedrooms	$1,730
3 Bedrooms	$2,160
4 Bedrooms	$2,520
5 Bedrooms	$2,923
6 Bedrooms	$3,274
7 Bedrooms	$3,536
8 Bedrooms	$3,713

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
2BR	$1,730	$250,996	0.69%	D
3BR	$2,160	$323,229	0.67%	D
4BR	$2,520	$437,633	0.58%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

6,091

Median Household Income

$47,500

Housing Units

3,029

Renter Percentage

53.3%

Occupancy Rate

91.3%

Renter Occupied

1,473

Casselberry, FL, located in ZIP code 32730, is a suburban area that offers a mix of residential and commercial development. The city is part of the greater Orlando metropolitan area, which provides it with access to a robust job market and amenities, making it an attractive location for renters and homeowners alike.

The Fair Market Rent (FMR) for ZIP 32730 is set at $1,740 for fiscal year 2024, indicating the average rental cost for a two-bedroom apartment as determined by HUD.
The Zillow Observed Rent Index (ZORI), which reflects the actual market rents, stands at $1,559. This suggests that while the FMR is higher, the actual rents being charged are slightly below this benchmark.
The median home value in Casselberry is $320,568, providing insight into the overall housing market dynamics and potential appreciation rates.
Renters make up 53.3% of the population, demonstrating a strong demand for rental properties in the area.
The median household income in Casselberry is $47,500, which can influence the affordability of both renting and owning homes in the area.

Analyzing these points, Casselberry presents a balanced market with a significant renter population and median incomes that align well with the observed market rents. Landlords and small-portfolio investors should consider the gap between the FMR and ZORI when setting rental prices, as well as the potential for property appreciation given the median home value. The high renter share suggests a stable tenant pool, beneficial for long-term investment strategies.

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.