Location: Orlando-Kissimmee-Sanford, FL | Metro: Orlando-Kissimmee-Sanford, FL MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,730 |
| 1 Bedroom | $1,800 |
| 2 Bedrooms | $2,040 |
| 3 Bedrooms | $2,550 |
| 4 Bedrooms | $2,970 |
| 5 Bedrooms | $3,445 |
| 6 Bedrooms | $3,858 |
| 7 Bedrooms | $4,167 |
| 8 Bedrooms | $4,375 |
U.S. Census Bureau data (2024)
The ZIP code 34737 in Florida has a population of 4,199, with only 10.2% being renters. This indicates that it is primarily a homeowner-dominated area rather than a renter-heavy zone. The median household income stands at $66,563, which provides a basis for understanding the financial capacity of potential tenants.
A typical market rent of $1,692 in this area represents approximately 25.35% of the median household income. This percentage suggests that rent is a significant portion of the monthly budget for most households. However, when comparing the market rent to the Fair Market Rent (FMR) of $1,950 for FY 2024, it becomes evident that the actual rents are below the FMR threshold. This discrepancy could indicate a moderate demand for rental properties among those who might be eligible for Section 8 vouchers.
To determine if there is deep voucher demand, consider the number of renters and their potential eligibility for assistance programs. With only 10.2% of the population renting, the overall demand for Section 8 vouchers is likely limited. Landlords in this ZIP should anticipate a tenant pool that is somewhat selective due to the relatively low proportion of renters and the higher median income level.
The kind of tenant profile a landlord in ZIP 34737 should expect includes individuals or families who have a reasonable income but still find it beneficial to seek rental assistance. These tenants would likely be aware of the cost of living and the value of securing affordable housing through government subsidies. Given the median income and the percentage of renters, landlords can expect a mix of tenants who may require financial assistance but are also likely to be responsible and capable of meeting their obligations under the Section 8 program.
Data Sources: FMR data from HUD (2027). 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.