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 | $1,960 |
| 1 Bedroom | $2,040 |
| 2 Bedrooms | $2,320 |
| 3 Bedrooms | $2,900 |
| 4 Bedrooms | $3,380 |
| 5 Bedrooms | $3,921 |
| 6 Bedrooms | $4,392 |
| 7 Bedrooms | $4,743 |
| 8 Bedrooms | $4,980 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $2,320 | $423,454 | 0.55% | F |
| 3BR | $2,900 | $575,944 | 0.5% | F |
| 4BR | $3,380 | $755,361 | 0.45% | F |
| 5BR | $3,921 | $1,263,303 | 0.31% | F |
U.S. Census Bureau data (2024)
The ZIP code 32836 in Orlando, FL, presents a dynamic rental market with notable trends indicating a balance between supply and demand, but leaning towards a scenario where demand slightly outpaces supply. The Fair Market Rent (FMR) for the area stands at $2370 for the fiscal year 2024, while the Zillow Observed Rent Index (ZORI) indicates a market rent of $2,067. This suggests that landlords adhering to the FMR guidelines might face some competition from market-rate rentals, which are currently lower.
A key indicator of market conditions is the price-cut share, which is at a low 0.2%. This figure implies that landlords and property owners are generally not having to reduce their asking prices to attract tenants, a sign of steady demand. Furthermore, the days on market (DOM) average of 32 days indicates a relatively quick turnover rate for properties, suggesting that listings are not lingering on the market for extended periods. This quick absorption rate supports the notion that the demand for rental properties in ZIP 32836 is robust.
The median home value in the area is $803,080, which places homeownership within reach for many residents but also underscores the importance of rental properties for those who cannot afford to buy. With a 40.4% renter share, it's evident that a significant portion of the population relies on rental housing, creating a sustained long-term housing pressure. This high percentage of renters can be attributed to various factors, including affordability issues, temporary living situations, and lifestyle choices.
The dynamics of this market suggest that landlords and small-portfolio investors can expect a stable tenant pool without the need for frequent rent adjustments. However, the close alignment of FMR and market rents indicates that there is a competitive edge to maintaining higher rental rates. Investors should monitor these figures closely to adjust their strategies accordingly, ensuring they remain competitive yet profitable in this active market segment.
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.