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 ZIP code 32762, located within the Orlando-Kissimmee-Sanford, FL MSA, has a Fair Market Rent (FMR) of $1910 for FY 2024. This figure represents the maximum amount that a low-income family can pay toward rent while remaining eligible for federal housing assistance programs such as Section 8.
In comparison to other ZIP codes within the Orlando MSA, the FMR of $1910 is notably higher than the previous year's average FMR for a two-bedroom unit, which was $1,616. This indicates a 14.91% increase year-over-year, suggesting that the rental market in 32762 is trending upward.
However, without specific data on market rents and home values for ZIP code 32762, it is difficult to definitively classify it as a value pocket, mid-tier neighborhood, or premium sub-market. The lack of market rent and home value data prevents a direct comparison to broader trends within the Orlando MSA.
Typically, a high FMR with lower home values could indicate a potential Section 8 sweet spot, where landlords can attract subsidized tenants without significant investment in property upgrades. However, since the home value and renter share percentages are not available for ZIP 32762, we cannot make this inference.
To determine the exact positioning of ZIP 32762 within the Orlando MSA, further research into its specific market conditions would be necessary. Nonetheless, the significant increase in FMR suggests that it is at least a mid-tier neighborhood, if not trending towards a premium sub-market.
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.