Location: Orlando-Kissimmee-Sanford, FL | Metro: Lakeland-Winter Haven, 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 | $1,800 |
| 1 Bedroom | $1,910 |
| 2 Bedrooms | $2,300 |
| 3 Bedrooms | $3,150 |
| 4 Bedrooms | $3,830 |
| 5 Bedrooms | $4,443 |
| 6 Bedrooms | $4,976 |
| 7 Bedrooms | $5,374 |
| 8 Bedrooms | $5,643 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $2,300 | $207,412 | 1.11% | B |
| 3BR | $3,150 | $295,895 | 1.06% | B |
| 4BR | $3,830 | $362,335 | 1.06% | B |
| 5BR | $4,443 | $460,084 | 0.97% | C |
U.S. Census Bureau data (2024)
Davenport, FL, located in ZIP code 33897 and part of the Orlando-Kissimmee-Sanford, FL MSA metro area, can serve as a strategic component of a Section 8 portfolio. Specifically, Davenport is best suited as an appreciation play. This classification is supported by several key metrics.
The median home value in Davenport is $340,946, indicating that it is an affordable market relative to other areas within the MSA. However, the primary appeal lies in the potential for property appreciation. With a price-cut share of only 0.2%, it suggests that homes in this area are holding their value well and are not frequently discounted, which is a positive sign for future appreciation. Additionally, the days on market (DOM) average of 66 days indicates a healthy market where properties sell relatively quickly without extended periods of being listed, further supporting the notion of appreciation potential.
While Davenport does have a notable renter share of 26.8%, and the median income of $70,982 provides some financial stability, these factors alone do not make it a strong candidate for being solely a cash-flow anchor or diversifier. The Federal Market Rent (FMR) for FY 2024 is set at $1890, whereas the market rent is $2,087. This creates a spread of $197, which is not substantial enough to significantly impact cash flow compared to the potential gains from appreciation.
In conclusion, Davenport, FL, should be considered primarily as an appreciation play within a Section 8 portfolio strategy. Its stable market conditions, low price-cut share, and quick sales cycles present opportunities for long-term capital growth, making it a valuable addition to any investor's portfolio focused on the Orlando-Kissimmee-Sanford, FL MSA.
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.