Location: Orlando-Kissimmee-Sanford, FL | Metro: Orlando-Kissimmee-Sanford, FL MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,680 |
| 1 Bedroom | $1,740 |
| 2 Bedrooms | $1,980 |
| 3 Bedrooms | $2,470 |
| 4 Bedrooms | $2,890 |
| 5 Bedrooms | $3,352 |
| 6 Bedrooms | $3,754 |
| 7 Bedrooms | $4,054 |
| 8 Bedrooms | $4,257 |
The classification of ZIP 32747 in terms of yield and stability requires specific data points that were initially provided but lack detail. The Fair Market Rent (FMR) for ZIP 32747 for fiscal year 2024 is set at $1,910. However, without precise figures for market rent and home values, it's challenging to fully assess the yield potential.
Based on the available data, the ZIP code appears to offer a moderate yield. Given the FMR of $1,910, landlords can expect to charge close to this figure for Section 8 rental agreements. This sets a baseline for rental income, but without comparative market rent data, we cannot determine if there is significant upside for higher-market-rate properties.
The stability of ZIP 32747 remains unclear due to missing data on renter percentages, days on market (DOM), and median income. These metrics would provide insight into the financial health and housing demand of the area. With limited information, we cannot definitively classify the market as either high-yield/low-stability or steady-cashflow. However, the presence of multiple real estate listings suggests ongoing activity and interest in the area.
To make a more informed decision, landlords and small-portfolio investors should seek additional local market data, including recent sales prices and rental trends, to better understand the potential returns and risks associated with investing in ZIP 32747.
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.