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 | $1,970 |
| 1 Bedroom | $2,050 |
| 2 Bedrooms | $2,330 |
| 3 Bedrooms | $2,910 |
| 4 Bedrooms | $3,400 |
| 5 Bedrooms | $3,944 |
| 6 Bedrooms | $4,417 |
| 7 Bedrooms | $4,770 |
| 8 Bedrooms | $5,009 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $2,330 | $243,678 | 0.96% | C |
| 3BR | $2,910 | $349,973 | 0.83% | C |
| 4BR | $3,400 | $589,977 | 0.58% | F |
| 5BR | $3,944 | $816,405 | 0.48% | F |
U.S. Census Bureau data (2024)
The ZIP code 34734, located in Gotha, Florida, stands out in Orange County due to its unique demographic and economic characteristics. With a total of 3,940 residents, only 15.0% are renters, indicating a primarily owner-occupied community. The median income in this area is $78,309, reflecting a relatively affluent population. Moreover, the median home value is significantly high at $507,060, which is indicative of a strong housing market and desirable living conditions.
In terms of voucher economics, the Fair Market Rent (FMR) for ZIP 34734 in fiscal year 2024 is set at $2,120. This figure is notably higher than the actual market rent, which is estimated at $1,930 according to the Census Bureau's American Community Survey (ACS). This discrepancy suggests that landlords participating in the Section 8 program could potentially see higher rental incomes compared to market rates, making it an attractive option despite the bureaucratic challenges associated with the program.
Based on the data provided, the ZIP code 34734 appears to be stable rather than transitional. The high median home value and low percentage of renters point towards a mature neighborhood where long-term homeownership is prevalent. Additionally, the relatively high median income supports the notion of stability, as it implies a consistent economic base that is less susceptible to fluctuations. However, the slight increase in FMR over the market rate could indicate a minor upward trend in rental values, but this does not necessarily suggest a transitional phase for the area.
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.