Location: Orlando-Kissimmee-Sanford, FL | Metro: Orlando-Kissimmee-Sanford, FL MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,650 |
| 1 Bedroom | $1,720 |
| 2 Bedrooms | $1,950 |
| 3 Bedrooms | $2,430 |
| 4 Bedrooms | $2,840 |
| 5 Bedrooms | $3,294 |
| 6 Bedrooms | $3,689 |
| 7 Bedrooms | $3,984 |
| 8 Bedrooms | $4,183 |
The Federal Market Rent (FMR) for ZIP 34742 in fiscal year 2024 is set at $1,850. This figure represents the maximum rent that a tenant receiving Section 8 assistance would pay. However, without specific market rent data, it is challenging to determine the exact yield potential. Typically, if the market rent exceeds the FMR, there could be higher yields for landlords who manage to secure market-rate tenants alongside Section 8 participants.
Regarding stability, the median household income in ZIP 34742 is not directly provided in the search results. However, the presence of a significant number of rental listings suggests a substantial rental market. The fact that there are over 922 apartment rentals listed on Zillow indicates a robust demand for rental properties in this area. While this is positive, the lack of specific data on renter demographics, days on market (DOM), and income levels makes it difficult to fully assess the stability of the rental market.
To conclude, ZIP 34742 appears to offer a moderate level of yield due to the FMR being set at $1,850, which is likely lower than market rates. The stability of the market is also moderate, given the strong rental market presence but the absence of detailed income and vacancy data. Landlords and small-portfolio investors should carefully consider both the potential for higher yields and the risks associated with less stable income levels when evaluating this ZIP code.
Data Sources: FMR data from HUD (2027).
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.