Location: Wildwood-The Villages, 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 | $1,300 |
| 1 Bedroom | $1,350 |
| 2 Bedrooms | $1,540 |
| 3 Bedrooms | $1,920 |
| 4 Bedrooms | $2,250 |
| 5 Bedrooms | $2,610 |
| 6 Bedrooms | $2,923 |
| 7 Bedrooms | $3,157 |
| 8 Bedrooms | $3,315 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,920 | $346,307 | 0.55% | F |
U.S. Census Bureau data (2024)
The ZIP code 34762, located in Florida, has a population of 1,226 residents. However, there is an issue with the data provided; it states that 0.0% of the population are renters, which suggests that the majority of residents are homeowners rather than tenants. This would imply that the demand for rental properties, including those supported by Section 8 housing vouchers, is likely low in this area.
The median household income for this ZIP code is not available, making it difficult to accurately assess the financial situation of potential tenants. Without this key figure, we cannot determine what percentage of local income goes towards typical market rents. The Fair Market Rent (FMR) for the area, set at $1550 per month for FY 2024, serves as a benchmark for assessing affordability but cannot be directly compared to local incomes without the necessary data.
Given the homeowner-dominated nature of the area, landlords in ZIP 34762 should anticipate a limited pool of Section 8 tenants. The scarcity of renters means that competition for these vouchers may be less intense, but also indicates that the overall demand for rentals is low. Landlords should prepare for a market where finding tenants willing to pay the FMR might require additional effort, especially if the typical rent exceeds the FMR or if the local economy does not support high rental rates.
In conclusion, landlords in ZIP 34762 should expect a niche market for Section 8 tenants due to the predominantly homeowner population. The lack of median income data complicates the analysis of how much of the average income would go toward rent, but the FMR can serve as a guideline for setting competitive rental prices. Landlords must be aware that the success of their rental properties will depend on factors beyond just the availability of housing vouchers.
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.