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Lake County/The Villages/32162

32162

ZIPSAFMR
Lake County, FL
Zillow

ZIP Investment Score

85Below average

095130300
BRFMR
Eff. Rent
0 BR$1,450$1,600
1 BR$1,510$1,660
2 BR$1,750$1,750
3 BR$2,180$2,340
4 BR$2,520$2,770
5 BR$2,898Not available
6 BR$3,333Not available
7 BR$3,833Not available
8 BR$4,407Not available

Purchase Price Calculator

Maximum purchase price
$198,133

Cost breakdown

+Likely effective rent$1,750
HUD FMRUsed$1,750
Market rentN/A
Est. payment standardN/A
-Principal and interest-$1,002
Loan amount$158,506
Down payment$39,627
Rate6.50%
Term30 years
-Operating costs-$548
Property taxes-$198
Insurance-$175
Utilities$0
HOA$0
Management-$175
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$28,113(70.9% ROI)
Projected value
$213,367
Return breakdown
Property appreciation+$15,235
Loan principal paid down+$5,679
Rental cash flow+$7,200
5-year hold
+$48,163(121.5% ROI)
Projected value
$224,169
Return breakdown
Property appreciation+$26,036
Loan principal paid down+$10,127
Rental cash flow+$12,000
10-year hold
+$103,625(261.5% ROI)
Projected value
$253,627
Return breakdown
Property appreciation+$55,494
Loan principal paid down+$24,131
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.84
1 BR
0.82
3 BR
0.90
4 BR
0.74
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 32162 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 32162 (The Villages, FL) is $1,750 a month. That is down 9.3% from $1,930 in FY 2026. The Villages 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. Among 39 ZIP codes in Lake County, 32162 has the 13th-highest two-bedroom rent (county range $1,370–$2,400). The median county two-bedroom FMR in Florida is $1,474, so ZIP 32162 is 19% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 32162
BedroomsFY 2027Change90–110% range
Studio$1,450−7.6%$1,305–$1,595
1BR$1,510−9.0%$1,359–$1,661
2BR$1,750−9.3%$1,575–$1,925
3BR$2,180−9.9%$1,962–$2,398
4BR$2,520−10.0%$2,268–$2,772

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 32162
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,450$1,510$1,750$2,180$2,520
FY 2026$1,570$1,660$1,930$2,420$2,800
FY 2025$1,550$1,580$2,050$2,560$3,010
FY 2024$1,420$1,450$1,880$2,370$2,530
FY 2023$1,240$1,260$1,650$2,120$2,230

Two-bedroom rent in nearby Lake County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 32162
32102$1,370−21.7%
32134$1,370−21.7%
32158$1,720−1.7%
32159$1,560−10.9%
32162Current$1,750—
32163$2,040+16.6%
32195$1,370−21.7%
32702$1,370−21.7%
32720$1,480−15.4%
32726$1,370−21.7%
32727$1,720−1.7%
32735$1,790+2.3%

Questions about ZIP 32162 rents

How much will Section 8 pay for a two-bedroom in ZIP 32162?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,750, that basic range is $1,575 to $1,925 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 ZIP 32162 in?

ZIP 32162 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 ZIP 32162 for FY 2027?

The two-bedroom FMR fell 9.3%, from $1,930 in FY 2026 to $1,750 in FY 2027. Since FY 2023 it has risen 6.1%.

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

County fair market rentThe Villages, FL fair market rentFL statewide rentsWhat is SAFMR?Data sources