Location: Ocala, FL | Metro: Ocala, 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 | $1,130 |
| 1 Bedroom | $1,140 |
| 2 Bedrooms | $1,320 |
| 3 Bedrooms | $1,740 |
| 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: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $1,140 | $102,674 | 1.11% | B |
| 2BR | $1,320 | $159,472 | 0.83% | C |
| 3BR | $1,740 | $239,222 | 0.73% | D |
| 4BR | $1,820 | $311,321 | 0.58% | F |
U.S. Census Bureau data (2024)
The market analysis for Section 8 investors in ZIP code 34470, located in Ocala, FL, within Marion County and the Ocala, FL MSA metro area, reveals several key points. The HUD Fair Market Rent (FMR) for FY 2024 is set at $1250 for this zip code. In comparison, the market rent as measured by ZORI stands at $1,410. This indicates that voucher tenants will only cashflow marginally at the FMR rate, as it falls below the market average. To achieve positive cashflow, landlords must focus on units priced closer to or slightly above the FMR rate, but below the market rent.
The median home value in the area is $232,242, which allows us to calculate a rent-to-price ratio. Using the HUD FMR of $1250, the annual rent is $15,000, resulting in a rent-to-price ratio of approximately 6.46%. This ratio suggests that rental income can be competitive relative to the purchase price of homes, making rental properties a viable investment option.
The real estate market dynamics also play a role in investment decisions. The median days on market (DOM) is 51 days, indicating a relatively quick turnover for listings. Additionally, the price-cut share is 0.3%, suggesting that sellers are generally not having to reduce their asking prices significantly to attract buyers. These factors imply a stable market where both buying and renting can be effective strategies for investors.
The strong investor angle in this market is stability. Given the relatively low price-cut share and quick DOM, the housing market appears resilient. Furthermore, while cashflow might be marginal at the HUD FMR, the potential for steady occupancy and long-term tenant relationships can provide a reliable source of income. For small-portfolio investors, focusing on stability and consistent rental income can outweigh the need for high appreciation or immediate cashflow gains.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.