Section 8 Fair Market Rent (FMR) for ZIP 34432 - 2027
Location: Ocala, FL | Metro: Ocala, FL MSA
Investment Score for ZIP 34432
F
Monthly Rent (2BR)
$1,240
Median Price (2BR)
$227,166
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
FY 2027 Fair Market Rent Rates
| Unit Size |
Monthly FMR |
| Studio | $1,030 |
| 1 Bedroom | $1,060 |
| 2 Bedrooms | $1,240 |
| 3 Bedrooms | $1,600 |
| 4 Bedrooms | $1,720 |
| 5 Bedrooms | $1,995 |
| 6 Bedrooms | $2,234 |
| 7 Bedrooms | $2,413 |
| 8 Bedrooms | $2,534 |
Investment Analysis by Bedroom Size
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms |
Monthly FMR |
Median Price |
1% Rule |
Grade |
| 2BR |
$1,240 |
$227,166 |
0.55% |
F |
| 3BR |
$1,600 |
$316,972 |
0.5% |
F |
| 4BR |
$1,720 |
$405,019 |
0.42% |
F |
Demographics & Housing Statistics
U.S. Census Bureau data (2024)
Median Household Income
$50,446
To determine if you should buy in ZIP 34432 (Dunnellon, FL) for Section 8, follow these steps:
- Does FMR $1140 (zip FY 2024) clear debt service on a $302,976 property?
- If the debt service (mortgage payments, taxes, insurance, etc.) is less than $1140 per month, then the answer is Yes. The Fair Market Rent (FMR) can cover your expenses.
- If the debt service exceeds $1140 per month, then the answer is No. The FMR would not be sufficient to cover your costs.
- Is market rent $1,006 (Census ACS) above, at, or below FMR?
- If the market rent is above $1140, then the answer is It Depends. While you could potentially charge more than the FMR, you must consider if there is enough demand for Section 8 tenants.
- If the market rent is exactly $1140, then the answer is Yes. The market rent aligns with the FMR, making it feasible to attract Section 8 tenants.
- If the market rent is below $1140, then the answer is No. The lower market rent indicates that non-Section 8 tenants might not pay the FMR, reducing your pool of potential tenants.
- Are 14.3% renters + 75-day DOM enough demand?
- If the percentage of renters is significantly higher than 14.3%, then the answer is Yes. A higher rental population suggests greater demand for rental properties.
- If the percentage of renters is around 14.3%, then the answer is It Depends. You need to evaluate the Days on Market (DOM) and other factors such as vacancy rates and local economic conditions.
- If the percentage of renters is lower than 14.3%, then the answer is No. A low rental population combined with a high DOM of 75 days indicates weak demand for rental properties.
The key is to ensure that the FMR covers your debt service and that there is sufficient demand for Section 8 units. In ZIP 34432, where the FMR is $1140 and the market rent is $1,006, you must balance the slightly higher market rent against the rental population and DOM. If the market rent does not cover your debt service, do not invest regardless of the rental demand. If the rental demand is strong, the investment becomes more viable even with a slightly lower FMR compared to market rent.
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.