Location: Ocala, FL | Metro: Ocala, FL MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,190 |
| 1 Bedroom | $1,200 |
| 2 Bedrooms | $1,390 |
| 3 Bedrooms | $1,830 |
| 4 Bedrooms | $1,920 |
| 5 Bedrooms | $2,227 |
| 6 Bedrooms | $2,494 |
| 7 Bedrooms | $2,694 |
| 8 Bedrooms | $2,829 |
The analysis of ZIP code 34430 within the Ocala, FL MSA reveals several key points regarding its viability for Section 8 investments.
Regarding rent math, the Family Monthly Rent (FMR) set at $1270 for fiscal year 2024 does not provide a complete picture due to the lack of available market rent data. Without a comparison to market rents, it's challenging to determine if the FMR will cover the costs of maintaining properties adequately.
In terms of property acquisition, the median home value is currently unavailable, which makes it difficult to assess the affordability of acquiring properties in this area. Additionally, the average days on market (DOM) and the percentage of homes that require price cuts are also unknown, indicating a need for further investigation into the local real estate market dynamics.
Concerning tenant demand, the population and the percentage of renters in ZIP 34430 are also not specified. These metrics are crucial for understanding the potential pool of tenants and their willingness to rent rather than buy, which directly impacts the success of rental properties.
Verdict: The data for ZIP 34430 is insufficient to make a definitive judgment on its suitability for Section 8 investments. Key indicators such as market rent, median home value, DOM, and renter share percentages are missing, which are essential for evaluating both the financial feasibility and the tenant demand aspects of the investment. Landlords and small-portfolio investors should seek additional, up-to-date information before considering this ZIP code for Section 8 properties.
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.