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 | $1,490 |
| 1 Bedroom | $1,550 |
| 2 Bedrooms | $1,760 |
| 3 Bedrooms | $2,200 |
| 4 Bedrooms | $2,570 |
| 5 Bedrooms | $2,981 |
| 6 Bedrooms | $3,339 |
| 7 Bedrooms | $3,606 |
| 8 Bedrooms | $3,786 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $1,550 | $161,474 | 0.96% | C |
| 2BR | $1,760 | $237,999 | 0.74% | D |
| 3BR | $2,200 | $349,433 | 0.63% | D |
| 4BR | $2,570 | $420,328 | 0.61% | D |
| 5BR | $2,981 | $529,954 | 0.56% | F |
U.S. Census Bureau data (2024)
The analysis of ZIP code 32826 in Orlando, FL, reveals several key points for landlords and small-portfolio investors. First, let's address whether the rent math works. The Fair Market Rent (FMR) for FY 2024 is set at $1740, while the Zillow Observed Rent Index (ZORI) indicates a market rent of $1,880. This suggests that landlords can expect a slight premium over the FMR when setting rental rates, which is favorable for maintaining profitability.
Regarding the affordability of acquisitions, the median home value in ZIP 32826 stands at $360,216. Although the average number of days on the market (DOM) is not available, the low 0.3% price-cut share indicates that homes are generally selling close to their listed prices, suggesting a stable and slightly bullish market condition for property purchases.
Tenant demand is another critical factor. With a population of 29,060, 51.3% of residents are renters. This high percentage of renters signals a robust demand for rental properties, making it likely that any newly acquired units will be quickly occupied.
In conclusion, ZIP 32826 presents a viable investment opportunity for landlords and small-portfolio investors. The rent math is favorable, with market rents slightly above the FMR, ensuring profitability. Acquisitions are affordable, given the median home value and strong sales without significant price reductions. Lastly, the high renter share in the area guarantees a steady stream of potential tenants. These factors collectively support a positive outlook for real estate investments in this Orlando, FL, ZIP code.
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.