Location: Homosassa Springs, FL | Metro: Homosassa Springs, 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 | $890 |
| 1 Bedroom | $890 |
| 2 Bedrooms | $1,110 |
| 3 Bedrooms | $1,540 |
| 4 Bedrooms | $1,820 |
| 5 Bedrooms | $2,111 |
| 6 Bedrooms | $2,364 |
| 7 Bedrooms | $2,553 |
| 8 Bedrooms | $2,681 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $890 | $134,476 | 0.66% | D |
| 2BR | $1,110 | $214,769 | 0.52% | F |
| 3BR | $1,540 | $320,652 | 0.48% | F |
| 4BR | $1,820 | $467,881 | 0.39% | F |
U.S. Census Bureau data (2024)
A landlord considering purchasing a property in ZIP code 34436 (Floral City, FL) for Section 8 must follow a decision tree based on financial metrics and market conditions.
1) Does FMR $930 (zip FY 2024) clear debt service on a $266,506 property?
No. The Fair Market Rent (FMR) of $930 is insufficient to cover the typical debt service on a property valued at $266,506. Debt service, which includes principal and interest payments on a mortgage, often exceeds this amount, especially when factoring in property taxes, insurance, and maintenance costs.
2) Is market rent $793 (Census ACS) above, at, or below FMR?
The market rent of $793 is below the FMR of $930. This indicates that the rental income from market tenants would not meet the FMR threshold set by HUD for Section 8 eligibility, suggesting that landlords relying solely on market rents might struggle to find tenants willing to pay the higher FMR rates required by Section 8.
3) Are 11.2% renters + N/A-day DOM enough demand?
It depends. With 11.2% of the population renting, there is some demand for rental properties. However, the lack of data on the days on market (DOM) makes it difficult to assess how quickly rental units are being leased. If the DOM is low, indicating rapid leasing, then the demand could be considered sufficient despite the lower percentage of renters. Conversely, if the DOM is high, it suggests that rental properties are staying on the market longer, which could indicate weaker demand.
If you are still considering investing in ZIP 34436 for Section 8, understand that the FMR of $930 does not clear the debt service on a property priced at $266,506. Market rents at $793 are below the FMR, meaning you would need to rely on Section 8 vouchers to achieve the necessary rent levels. The 11.2% of the population renting suggests a niche but present demand. However, without a clear understanding of the DOM, it's challenging to predict how competitive the rental market will be for securing Section 8 tenants.
In summary, investing in ZIP 34436 for Section 8 purposes requires careful consideration of the financial gap between FMR and market rents, as well as an assessment of the local rental market dynamics. Proceed with caution and gather additional local market data before making a final decision.
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.