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 | $1,530 |
| 1 Bedroom | $1,590 |
| 2 Bedrooms | $1,810 |
| 3 Bedrooms | $2,260 |
| 4 Bedrooms | $2,640 |
| 5 Bedrooms | $3,062 |
| 6 Bedrooms | $3,429 |
| 7 Bedrooms | $3,703 |
| 8 Bedrooms | $3,888 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $1,590 | $128,141 | 1.24% | A |
| 2BR | $1,810 | $199,619 | 0.91% | C |
| 3BR | $2,260 | $389,193 | 0.58% | F |
| 4BR | $2,640 | $513,305 | 0.51% | F |
| 5BR | $3,062 | $669,837 | 0.46% | F |
U.S. Census Bureau data (2024)
ZIP 32812, located in Orlando, FL, serves as a cash-flow anchor within a Section 8 portfolio strategy. The Federal Market Rent (FMR) for a one-bedroom unit in ZIP 32812 for fiscal year 2024 is set at $1820. This is significantly higher than the median market rent of $1,732, providing a consistent and reliable income stream for landlords. Additionally, the median home value of $389,276 ensures that properties within this ZIP code maintain their value, safeguarding investment capital.
The market data also indicates a strong tenant base, with a median household income of $73,149, which supports the ability of residents to meet their rental obligations. With a 39.5% renter share, there is a substantial demand for rental properties, ensuring steady occupancy rates. Furthermore, the 0.3% price-cut share and 37-day Days on Market (DOM) suggest that properties in this area are in high demand, minimizing the need for price reductions or extended vacancy periods.
In summary, ZIP 32812 is an ideal cash-flow anchor for a Section 8 portfolio due to the favorable spread between FMR and market rent, the stability of property values, and the robust demand for rental units. Landlords and small-portfolio investors can expect consistent returns and minimal risk of vacancy or default.
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.