Location: Deltona-Daytona Beach-Ormond Beach, FL | Metro: Deltona-Daytona Beach-Ormond Beach, FL HUD Metro FMR Area
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 | $1,290 |
| 1 Bedroom | $1,400 |
| 2 Bedrooms | $1,720 |
| 3 Bedrooms | $2,270 |
| 4 Bedrooms | $2,470 |
| 5 Bedrooms | $2,865 |
| 6 Bedrooms | $3,209 |
| 7 Bedrooms | $3,466 |
| 8 Bedrooms | $3,639 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,720 | $226,156 | 0.76% | D |
| 3BR | $2,270 | $292,915 | 0.77% | D |
| 4BR | $2,470 | $375,485 | 0.66% | D |
| 5BR | $2,865 | $446,794 | 0.64% | D |
U.S. Census Bureau data (2024)
The classification of ZIP 32763 (Orange City, FL) on the yield and stability axes reveals a unique investment scenario. On the yield axis, the Fair Market Rent (FMR) for ZIP 32763 is set at $1,470 for fiscal year 2024. This is notably lower than the market rent of $1,777, suggesting a potential undervaluation of rental properties in this area. However, when compared to the median home value of $290,637, the yield appears relatively modest, as the FMR represents only about 5.7% of the home value per month ($1,470 / $290,637).
Moving to the stability axis, the data points towards a moderately stable environment. With 35.3% of residents being renters, there is a decent but not overwhelming demand for rental housing. The average days on market (DOM) for rental listings is 41 days, indicating that it takes slightly longer than average to find tenants, which could suggest some competition or selectivity among renters. Additionally, the median household income of $66,716 provides insight into the financial capacity of the local population to afford rents.
Considering these factors, ZIP 32763 leans towards being a steady-cashflow zone rather than a high-yield/low-stability market. The relatively low FMR compared to the median home value suggests that while the yield isn't exceptionally high, it offers a consistent return. The moderate percentage of renters and slightly higher DOM indicate that while the market isn't highly volatile, it requires careful management to ensure timely tenancy. The income level supports the ability of residents to pay market rents, further stabilizing the cash flow potential.
To summarize, the key figures driving this assessment include the FMR of $1,470, the market rent of $1,777, the median home value of $290,637, the 35.3% rental rate, the 41-day DOM, and the median income of $66,716. These metrics collectively point to an investment climate that favors long-term, stable cash flows over short-term, high-yield flips.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.