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 | $1,180 |
| 1 Bedroom | $1,220 |
| 2 Bedrooms | $1,390 |
| 3 Bedrooms | $1,740 |
| 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: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,390 | $313,506 | 0.44% | F |
| 3BR | $1,740 | $459,638 | 0.38% | F |
| 4BR | $2,090 | $508,894 | 0.41% | F |
| 5BR | $2,424 | $667,561 | 0.36% | F |
U.S. Census Bureau data (2024)
The ZIP code 32736, located in Eustis, FL, has a population of 12,688 individuals. Only 7.6% of this population are renters, indicating that it is primarily a homeowner-dominated area rather than a renter-heavy zone. This suggests that the demand for Section 8 vouchers in this area is likely to be lower compared to areas with higher percentages of renters.
The median household income in ZIP 32736 is $96,542, which provides context for the affordability of housing in the area. The typical market rent of $1,125 represents approximately 14.1% of the median household income. This percentage is calculated by dividing the rent by the median income and multiplying by 100: ($1,125 / $96,542) * 100 = 11.65%. Given the Federal Market Rent (FMR) for FY 2024 is set at $1,550, the current market rent is below the FMR, indicating that rental properties in this ZIP code are generally more affordable than the government's benchmark for fair market value.
A landlord in ZIP 32736 should anticipate tenants who are likely to be financially stable, given the median income level. These tenants will most probably be seeking affordable housing options and would benefit from the $1,125 market rent being well below the FMR. However, due to the low percentage of renters, landlords may face competition for Section 8 tenants from other areas with higher demand. It is important for landlords to understand the dynamics of the local rental market and the availability of vouchers to make informed decisions about their investment properties.
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.