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 | $1,380 |
| 1 Bedroom | $1,490 |
| 2 Bedrooms | $1,820 |
| 3 Bedrooms | $2,400 |
| 4 Bedrooms | $2,630 |
| 5 Bedrooms | $3,051 |
| 6 Bedrooms | $3,417 |
| 7 Bedrooms | $3,690 |
| 8 Bedrooms | $3,875 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,820 | $297,355 | 0.61% | D |
| 3BR | $2,400 | $429,101 | 0.56% | F |
| 4BR | $2,630 | $440,368 | 0.6% | F |
U.S. Census Bureau data (2024)
The classification of ZIP code 32764 in Florida hinges on its financial metrics, particularly focusing on rental yields and market stability. The Federal Market Rent (FMR) for the area in fiscal year 2024 is set at $1,450. This figure is significantly higher than the market rent of $1,036, indicating a potential high-yield market for landlords who can secure Section 8 tenants. However, the average home value of $400,440 suggests that property acquisition costs are relatively high, which could temper overall profitability depending on financing terms.
Regarding stability, the metrics paint a mixed picture. The percentage of renters stands at 8.6%, which is notably low, suggesting that the majority of residents prefer homeownership. This characteristic can influence the pool of potential tenants and the frequency of turnovers. The median household income is listed as $86,224, providing some assurance that non-Section 8 renters can afford market rates, although it does not directly correlate to rental demand. The data point for days on market (DOM) is marked as N/A, which means there's no specific information available about how quickly properties are sold, leaving an uncertainty regarding the speed of investment returns.
Given these figures, ZIP 32764 leans towards being a steady-cashflow zone rather than a high-yield/low-stability market. While the disparity between FMR and market rent indicates opportunities for higher yields with Section 8 tenants, the low percentage of renters and high home values suggest a stable but less volatile market. Landlords and small-portfolio investors should consider the balance between higher rents and the potential challenges in finding and retaining tenants, as well as the cost of entry into this market.
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.