Location: Orlando-Kissimmee-Sanford, FL | Metro: Orlando-Kissimmee-Sanford, FL MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,680 |
| 1 Bedroom | $1,750 |
| 2 Bedrooms | $1,990 |
| 3 Bedrooms | $2,480 |
| 4 Bedrooms | $2,900 |
| 5 Bedrooms | $3,364 |
| 6 Bedrooms | $3,768 |
| 7 Bedrooms | $4,069 |
| 8 Bedrooms | $4,272 |
The ZIP code 32855 in Orlando-Kissimmee-Sanford, Florida, presents a unique profile that sets it apart from other areas. Despite the lack of specific resident and economic figures, the area's characteristics can still be analyzed based on the available data points.
A key factor in the distinctiveness of ZIP 32855 is the Federal Market Rent (FMR) figure for Section 8 vouchers. The FMR for this ZIP code in fiscal year 2024 is set at $1870. This amount is crucial for landlords and small-portfolio investors as it represents the maximum rental assistance payment that can be made on behalf of a low-income family under the Housing Choice Voucher program.
The FMR is an important benchmark because it directly influences the rental market dynamics in the area. While the exact market rent for ZIP 32855 is not provided, the FMR serves as a guideline for setting rental prices for properties that wish to attract tenants using Section 8 vouchers. Landlords should ensure their rents do not exceed this threshold if they want to participate in the program effectively.
Given the absence of specific percentages for renters and median income figures, it's challenging to provide a detailed analysis of the rental market composition and financial health of the residents. However, the FMR provides a clear indication of the rental affordability in the area, which is essential for both tenants and landlords.
The data signature for ZIP 32855 reads as transitional. The lack of specific figures for residents, renting percentages, and median incomes suggests that there might be ongoing changes in the demographic makeup and economic conditions of the area. For investors, this means keeping a close eye on future updates to these figures to understand the evolving landscape of the ZIP code.
In conclusion, ZIP 32855 stands out due to its defined FMR for Section 8 vouchers, which is critical for understanding rental economics in the area. The transitional nature of the data suggests potential shifts that could impact investment decisions in the coming years.
Data Sources: FMR data from HUD (2027).
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.