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 | $1,520 |
| 1 Bedroom | $1,580 |
| 2 Bedrooms | $1,790 |
| 3 Bedrooms | $2,230 |
| 4 Bedrooms | $2,610 |
| 5 Bedrooms | $3,028 |
| 6 Bedrooms | $3,391 |
| 7 Bedrooms | $3,662 |
| 8 Bedrooms | $3,845 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $1,580 | $167,464 | 0.94% | C |
| 2BR | $1,790 | $282,076 | 0.63% | D |
| 3BR | $2,230 | $371,015 | 0.6% | D |
| 4BR | $2,610 | $470,005 | 0.56% | F |
| 5BR | $3,028 | $567,821 | 0.53% | F |
U.S. Census Bureau data (2024)
The market analysis for Section 8 investors in ZIP code 32757, which encompasses Mount Dora, FL, and is part of the Orlando-Kissimmee-Sanford, FL MSA metro, reveals a rental market where the HUD Fair Market Rent (FMR) stands at $1590 for fiscal year 2024. This figure is notably lower than the current market rent, which is measured at $2,018 according to the Zillow Rent Index (ZORI).
Voucher tenants in this area will cashflow marginally, if at all, with standard units. The gap between the HUD FMR and the market rent suggests that landlords might struggle to cover operating costs fully without considering premium units. For instance, properties that can command closer to the ZORI might provide better cashflow opportunities.
The median home value in the area is $392,683, which gives us a rent-to-price ratio of approximately 0.051%. This ratio indicates that the cost of renting is relatively low compared to purchasing a home, potentially making it less attractive for would-be homeowners to enter the market. This dynamic could support rental demand, particularly for Section 8 housing.
Average days on market (DOM) for homes in this area is 36 days, with a price-cut share of 0.3%. These figures suggest that the real estate market is stable, with quick turnover and minimal need for price adjustments. Such stability can be beneficial for investors looking to minimize risks associated with property values and market fluctuations.
The strongest angle for investors in this market is likely to be stability. Given the quick DOM and low price-cut share, there is a strong indication that the local real estate market is resilient and unlikely to experience significant downturns. This stability can provide a reliable foundation for long-term investment strategies, especially for those focused on steady rental income rather than rapid appreciation.
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.