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FL/Lake County/Howey In the Hills

Howey In the Hills, FL

CitySAFMR
Lake County
Found 1 ZIP

City Median Investment Score

80Below average

095130300
BRFMR
Eff. Rent
0 BR$1,730$1,530
1 BR$1,800$1,530
2 BR$2,040$1,820
3 BR$2,550$2,100
4 BR$2,970$2,480
5 BR$3,415Not available
6 BR$3,928Not available
7 BR$4,517Not available
8 BR$5,195Not available

Purchase Price Calculator

Maximum purchase price
$208,535

Cost breakdown

+Likely effective rent$1,820
HUD FMR$2,040
Market rentUsed$1,820
Est. payment standard (93%)$1,900
-Principal and interest-$1,054
Loan amount$166,828
Down payment$41,707
Rate6.50%
Term30 years
-Operating costs-$566
Property taxes-$209
Insurance-$175
Utilities$0
HOA$0
Management-$182
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$29,211(70.0% ROI)
Projected value
$224,569
Return breakdown
Property appreciation+$16,034
Loan principal paid down+$5,977
Rental cash flow+$7,200
5-year hold
+$50,062(120.0% ROI)
Projected value
$235,938
Return breakdown
Property appreciation+$27,403
Loan principal paid down+$10,659
Rental cash flow+$12,000
10-year hold
+$107,805(258.5% ROI)
Projected value
$266,942
Return breakdown
Property appreciation+$58,407
Loan principal paid down+$25,398
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.13
1 BR
1.18
2 BR
1.12
3 BR
1.21
4 BR
1.20
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

Howey In the Hills, FL fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Howey In the Hills, FL is $2,040 a month. That is down 2.9% from $2,100 in FY 2026. Howey In the Hills is in the Orlando-Kissimmee-Sanford, FL MSA, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. The median county two-bedroom FMR in Florida is $1,474, so Howey In the Hills is 38% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for Howey In the Hills, FL
BedroomsFY 2027Change90–110% range
Studio$1,730−1.7%$1,557–$1,903
1BR$1,800−2.2%$1,620–$1,980
2BR$2,040−2.9%$1,836–$2,244
3BR$2,550−3.4%$2,295–$2,805
4BR$2,970−4.5%$2,673–$3,267

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for Howey In the Hills, FL
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,730$1,800$2,040$2,550$2,970
FY 2026$1,760$1,840$2,100$2,640$3,110
FY 2025$1,730$1,830$2,070$2,630$3,130
FY 2024$1,640$1,720$1,950$2,480$2,990
FY 2023$1,400$1,490$1,690$2,160$2,620

Questions about Howey In the Hills, FL rents

How much will Section 8 pay for a two-bedroom in Howey In the Hills, FL?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,040, that basic range is $1,836 to $2,244 a month. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.

Which HUD fair market rent area is Howey In the Hills, FL in?

Howey In the Hills, FL is in the Orlando-Kissimmee-Sanford, FL MSA. HUD requires Small Area FMRs in this area, so payment standards are set by ZIP code.

How much did fair market rent change in Howey In the Hills, FL for FY 2027?

The two-bedroom FMR fell 2.9%, from $2,100 in FY 2026 to $2,040 in FY 2027. Since FY 2023 it has risen 20.7%.

When do FY 2027 fair market rents take effect?

HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.

Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set