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 | $2,250 |
| 1 Bedroom | $2,340 |
| 2 Bedrooms | $2,660 |
| 3 Bedrooms | $3,320 |
| 4 Bedrooms | $3,880 |
| 5 Bedrooms | $4,501 |
| 6 Bedrooms | $5,041 |
| 7 Bedrooms | $5,444 |
| 8 Bedrooms | $5,716 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $2,660 | $500,881 | 0.53% | F |
| 3BR | $3,320 | $703,352 | 0.47% | F |
| 4BR | $3,880 | $1,132,888 | 0.34% | F |
| 5BR | $4,501 | $1,899,769 | 0.24% | F |
U.S. Census Bureau data (2024)
2740 is the Fair Market Rent (FMR) for ZIP code 32814 in Orlando, FL, for fiscal year 2024, indicating the maximum rental amount for a two-bedroom apartment under the Section 8 program. 2340 represents the Zillow Observed Rental Index (ZORI), which reflects the average market rent for the same area, suggesting a competitive market where landlords can set rents slightly above the subsidized rate. 763,345 is the median home value in the region, demonstrating a robust housing market with significant investment potential. 63.9 is the percentage of residents who are renters, highlighting a strong demand for rental properties in Orlando. 140,274 is the median income figure, showing that residents have the financial capacity to participate in the housing market, whether renting or buying. N/A indicates that the days on market (DOM) data is unavailable, which could suggest either a very active or stable real estate market where listings move quickly or remain consistent. 0.3 is the percentage of homes that have been price-cut, revealing a minimal need for negotiation or adjustment in pricing, indicating a seller's market.
The data paints a picture of a thriving rental market in Orlando, with a high concentration of renters and a median income that supports both rental and ownership opportunities. The disparity between the FMR at 2740 and the ZORI at 2340 suggests that landlords can leverage the market rates while still participating in the Section 8 program. The low price-cut share at 0.3 further underscores the strength of the real estate market, where property values hold steady without significant reductions.
In conclusion, for landlords and small-portfolio investors, ZIP code 32814 presents a favorable environment for investment, especially in the rental sector. The high renter share combined with stable market conditions makes it an attractive location for those looking to capitalize on the demand for affordable housing. With the median home value at 763,345 and median income at 140,274, there is ample opportunity to secure a steady stream of rental income or to profit from property appreciation. The Section 8 program, with its FMR set at 2740, offers a reliable source of tenants for properties priced appropriately, ensuring a balanced approach to market participation and government subsidy utilization.
Verdict: ZIP 32814 in Orlando, FL, is a strong investment location for Section 8 landlords and small-portfolio investors due to high renter demand and stable market conditions.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.