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 | $1,040 |
| 1 Bedroom | $1,040 |
| 2 Bedrooms | $1,260 |
| 3 Bedrooms | $1,740 |
| 4 Bedrooms | $2,100 |
| 5 Bedrooms | $2,436 |
| 6 Bedrooms | $2,728 |
| 7 Bedrooms | $2,946 |
| 8 Bedrooms | $3,093 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,260 | $198,373 | 0.64% | D |
| 3BR | $1,740 | $251,420 | 0.69% | D |
| 4BR | $2,100 | $345,266 | 0.61% | D |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 34452, Inverness, Florida, is set at $1,190 for fiscal year 2024. This figure represents the maximum amount that a landlord can charge a tenant who participates in the Section 8 housing choice voucher program. It's important to note that this is not the actual rent you would receive; it's the ceiling for what the government will pay on behalf of the tenant.
To put this into perspective, the average rent for a two-bedroom apartment in Inverness, according to the latest Census American Community Survey (ACS), is $1,152. The FMR being slightly higher suggests that there is a reasonable market rate for properties that qualify under Section 8.
The demand for rental properties in Inverness is relatively stable, with 15.4% of the population renting their homes. This indicates that there is a decent pool of potential tenants who might be interested in Section 8 housing. However, the competition among landlords to participate in the program could be significant given this demand.
If you're looking to acquire a property in Inverness specifically for Section 8 rentals, the median home value is around $232,440. This is the price point you should consider when evaluating the potential return on investment. Remember, the income generated from Section 8 will be less than the FMR due to the way the program calculates payments to landlords.
Before deciding to take the plunge into Section 8 rentals, verify that your property meets all the required standards. The Housing Quality Standards (HQS) must be satisfied, which include basic safety and habitability criteria such as working plumbing, heating, and electrical systems. Failure to meet these standards can result in non-payment or termination of the contract.
In summary, the FMR of $1,190 provides a benchmark for the maximum allowable rent in the Section 8 program, while the local average of $1,152 gives an idea of the market rate. With a 15.4% renter share, there is a steady demand for rental units. At an acquisition cost of $232,440, you need to ensure the property meets HQS to secure your participation in the program.
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.