Location: Orlando-Kissimmee-Sanford, FL | Metro: Orlando-Kissimmee-Sanford, FL MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,680 |
| 1 Bedroom | $1,750 |
| 2 Bedrooms | $1,990 |
| 3 Bedrooms | $2,480 |
| 4 Bedrooms | $2,900 |
| 5 Bedrooms | $3,364 |
| 6 Bedrooms | $3,768 |
| 7 Bedrooms | $4,069 |
| 8 Bedrooms | $4,272 |
1870 is the Fair Market Rent (FMR) for ZIP code 32733 in Florida for fiscal year 2024, setting a clear benchmark for rental properties in the area. The N/A figure for market rent indicates that there isn't enough recent data to establish a reliable comparison against the FMR, suggesting a lack of transparency or reporting in local rental markets. Similarly, the median home value being N/A points to insufficient data on property values, which could be due to a variety of factors including limited sales activity or recent changes in the local housing market. With a N/A percentage for the renter share, it's evident that the proportion of renters in the area isn't well-documented, making it challenging to gauge the demand for rental units. The median income also stands at N/A, highlighting a gap in understanding the financial capabilities of residents, which is crucial for determining affordability and potential tenant stability. A N/A-day Days on Market (DOM) suggests that there is no established average time it takes for a property to be rented, indicating either a very active or inactive rental market. Lastly, the N/A% price-cut share reflects an absence of data on how often landlords have to reduce their asking prices to attract tenants, which could imply that rents are generally set appropriately or that there's little movement in the market. Given these figures, landlords and small-portfolio investors in ZIP 32733 should focus on aligning their rental rates closely with the $1870 FMR to ensure competitiveness and compliance. The lack of detailed market data underscores the importance of staying informed through local real estate networks and continuously monitoring the housing market trends. In conclusion, while there is limited data available, the $1870 FMR provides a solid foundation for investment decisions in this area.
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.