Location: Orlando-Kissimmee-Sanford, FL | Metro: Orlando-Kissimmee-Sanford, 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 | $1,150 |
| 1 Bedroom | $1,210 |
| 2 Bedrooms | $1,370 |
| 3 Bedrooms | $1,730 |
| 4 Bedrooms | $2,090 |
| 5 Bedrooms | $2,424 |
| 6 Bedrooms | $2,715 |
| 7 Bedrooms | $2,932 |
| 8 Bedrooms | $3,079 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,370 | $237,955 | 0.58% | F |
| 3BR | $1,730 | $352,379 | 0.49% | F |
| 4BR | $2,090 | $408,054 | 0.51% | F |
U.S. Census Bureau data (2024)
ZIP code 34705 is part of the Astatula, FL area, characterized by a modest-sized community of 3,014 residents. Only 16.3% of the population are renters, indicating a predominantly owner-occupied neighborhood. The median household income here is $74,063, reflecting a middle-class community where most residents can afford to buy homes. Indeed, the median home value in this area stands at $366,685, further underscoring the economic profile of the homeowners.
The rent economics in Astatula, FL, ZIP 34705, present an interesting opportunity for investors. The Fair Market Rent (FMR) for the zip code for fiscal year 2024 is set at $1,460. This figure contrasts with the actual market rent, which is reported at $1,147 according to the Census ACS. This difference suggests that properties qualifying for Section 8 vouchers could command higher rents than the current market average, providing a potential profit margin for landlords.
Given these conditions, ZIP 34705 might be more suitable for a hands-on value-add buyer rather than a hands-off voucher operator. The relatively low percentage of renters indicates that there is room for growth in the rental market. A hands-on approach would allow investors to improve the quality of their rental units, potentially attracting tenants willing to pay closer to the FMR rate. Moreover, the gap between FMR and market rent offers a clear incentive to invest in property improvements that could justify higher rents.
In conclusion, while the neighborhood in ZIP 34705 has a strong owner-occupied presence, the economic indicators point towards a favorable environment for rental investment, especially with a proactive strategy aimed at enhancing property values and rental rates.
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.