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 | $2,190 |
| 1 Bedroom | $2,280 |
| 2 Bedrooms | $2,590 |
| 3 Bedrooms | $3,230 |
| 4 Bedrooms | $3,780 |
| 5 Bedrooms | $4,385 |
| 6 Bedrooms | $4,911 |
| 7 Bedrooms | $5,304 |
| 8 Bedrooms | $5,569 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $2,590 | $418,928 | 0.62% | D |
| 3BR | $3,230 | $503,545 | 0.64% | D |
| 4BR | $3,780 | $757,751 | 0.5% | F |
| 5BR | $4,385 | $1,067,545 | 0.41% | F |
U.S. Census Bureau data (2024)
ZIP code 32827 in Orlando, FL, stands out among other ZIP codes in Orange County due to its unique demographic and economic characteristics. With a population of 19,711 residents, 38.7% of whom rent their homes, this area has a significant demand for rental properties. The median income in ZIP 32827 is $117,483, reflecting a relatively affluent community. However, the median home value is notably higher at $642,362, indicating that homeownership is quite expensive in this region.
The voucher economics in ZIP 32827 present an interesting opportunity for landlords and small-portfolio investors. The Fair Market Rent (FMR) for the fiscal year 2024 is set at $2,750, while the market rent, as measured by the Zillow Rental Index (ZORI), is $2,402. This discrepancy means that landlords who accept Section 8 vouchers can potentially command higher rents compared to the market average, making it financially viable to participate in the program.
Given the data signature, ZIP 32827 appears to be a stable area with a strong rental market and high median incomes. The higher median home values suggest that homeownership is less common, which further supports the robust demand for rentals. For landlords and investors, this stability combined with the favorable voucher economics presents a solid investment opportunity in a growing part of Orlando.
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.