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 |
ZIP code 34770, located within the Orlando-Kissimmee-Sanford, FL MSA, has a Fair Market Rent (FMR) of $1850 for fiscal year 2024. This figure is critical for understanding the rental dynamics in the area compared to other ZIP codes within the same metro. To provide context, the typical FMR for Orlando-Kissimmee-Sanford, FL MSA ZIPs is around $1200-$1600. Therefore, ZIP 34770 stands out as a premium sub-market within the Orlando metro.
The lack of specific market rent and home value data for ZIP 34770 makes it challenging to draw direct comparisons with other ZIP codes in the Orlando-Kissimmee-Sanford, FL MSA. However, the higher FMR suggests that the area may have higher-than-average rents and possibly higher property values, aligning with the premium sub-market classification.
Regarding the renter share, which is also not available for ZIP 34770, a high renter share combined with lower-than-metro average home values can signal a sweet spot for Section 8 properties. Since we do not have the exact percentage for the renter share, we cannot definitively state if this is the case for ZIP 34770. However, the absence of such data might indicate that the area is less developed or has a unique housing situation that differs from the typical ZIP codes in the Orlando metro.
In summary, ZIP 34770 appears to be a premium sub-market within the Orlando-Kissimmee-Sanford, FL MSA based on its higher FMR. The lack of specific market rent and home value data leaves room for further investigation, but landlords and small-portfolio investors should consider this ZIP code as an opportunity for premium rental investments.
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.