Section 8 Fair Market Rent (FMR) for ZIP 34753 - 2027

Location: Orlando-Kissimmee-Sanford, FL | Metro: Orlando-Kissimmee-Sanford, FL MSA

Investment Score for ZIP 34753

Monthly Rent (2BR)

$1,690

Median Price (2BR)

$197,705

1% Rule

0.85%

Annual Yield

10.26%

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,430
1 Bedroom	$1,490
2 Bedrooms	$1,690
3 Bedrooms	$2,110
4 Bedrooms	$2,460
5 Bedrooms	$2,854
6 Bedrooms	$3,196
7 Bedrooms	$3,452
8 Bedrooms	$3,625

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
2BR	$1,690	$197,705	0.85%	C
3BR	$2,110	$291,281	0.72%	D
4BR	$2,460	$350,833	0.7%	D
5BR	$2,854	$385,366	0.74%	D

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

7,985

Median Household Income

$83,868

Housing Units

2,421

Renter Percentage

22.5%

Occupancy Rate

91.0%

Renter Occupied

496

To determine if a landlord should buy in ZIP code 34753, Florida, for Section 8 investment, follow this decision tree:

1) Does FMR $1,510 (ZIP FY 2024) clear debt service on a $324,844 property?

No: The Fair Market Rent (FMR) of $1,510 does not cover the debt service on a property valued at $324,844. Debt service typically includes mortgage payments, insurance, taxes, and maintenance. For a property of this value, the monthly debt service would likely exceed $1,510, making it unprofitable to rely solely on Section 8 income.

2) Is market rent $2,242 (ZORI) above, at, or below FMR?

Above: The Zillow Observed Rent Index (ZORI) of $2,242 is higher than the FMR of $1,510. This indicates that market rents are significantly higher than what Section 8 pays, suggesting that landlords might want to consider non-Section 8 tenants to maximize profitability.

3) Are 22.5% renters + N/A-day DOM enough demand?

It Depends: With 22.5% of the population renting, there is a moderate level of demand. However, the lack of data on days on market (DOM) makes it difficult to assess how quickly properties can be leased. If the DOM is short, indicating quick leasing, then the demand could be considered sufficient. Otherwise, landlords should proceed cautiously.

Based on the provided data, landlords should carefully evaluate their investment strategy in ZIP 34753. The FMR does not clear the debt service on a property worth $324,844, which means relying solely on Section 8 would not be financially viable. Additionally, market rents being above FMR suggest potential for higher returns outside of Section 8. Lastly, while the rental population percentage is moderate, the absence of DOM data leaves uncertainty about leasing speed and overall demand stability.

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.