Location: Orlando-Kissimmee-Sanford, FL | Metro: Orlando-Kissimmee-Sanford, FL MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,680 |
| 1 Bedroom | $1,750 |
| 2 Bedrooms | $1,990 |
| 3 Bedrooms | $2,480 |
| 4 Bedrooms | $2,900 |
| 5 Bedrooms | $3,364 |
| 6 Bedrooms | $3,768 |
| 7 Bedrooms | $4,069 |
| 8 Bedrooms | $4,272 |
To classify ZIP code 32768, we need to analyze the available data points related to yield and stability. The Fair Market Rent (FMR) for ZIP 32768 in fiscal year 2024 is set at $1870. This figure is crucial for understanding the potential rental income in the area. However, the data provided does not include specific market rent figures or median home values, which would normally be compared against the FMR to assess the yield.
On the stability axis, several indicators are typically considered: the percentage of renters, the average number of days on the market (DOM), and the median household income. Unfortunately, the data provided does not specify these metrics for ZIP 32768. Without this information, it's challenging to fully evaluate the stability of the market.
The absence of market rent data means that while the FMR offers a benchmark, it's unclear how actual rents compare. If market rents exceed the FMR, this could suggest a higher yield opportunity, but without the specific figures, this remains speculative. Similarly, the lack of median home value data prevents us from assessing the typical property investment costs relative to expected rental income.
Regarding stability, the percentage of renters is a key indicator of demand consistency, while the DOM can reflect how quickly properties are leased, indicating competition and market activity. Median income provides insight into the financial health of the population, supporting stable cash flows. However, since these figures are not provided, we cannot make a definitive assessment on the stability of the market.
In conclusion, based on the available data, ZIP 32768 has a clear rental income benchmark with an FMR of $1870 for FY 2024. To determine whether this represents a high-yield/low-stability market or a steady-cashflow zone, additional data on market rents, median home values, and local economic stability metrics such as renter percentages and median income, would be necessary.
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.