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Volusia County/Daytona Beach/32198

32198

ZIPFMR
Volusia County, FL
Zillow
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ZIP Investment Score

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095130300
BRFMR
Eff. Rent
0 BR$1,258$1,380
1 BR$1,363$1,500
2 BR$1,673$1,673
3 BR$2,204$1,860
4 BR$2,403$2,010
5 BR$2,763Not available
6 BR$3,178Not available
7 BR$3,655Not available
8 BR$4,203Not available

Purchase Price Calculator

Maximum purchase price
$186,691

Cost breakdown

+Likely effective rent$1,673
HUD FMRUsed$1,673
Market rentN/A
Est. payment standardN/A
-Principal and interest-$944
Loan amount$149,352
Down payment$37,338
Rate6.50%
Term30 years
-Operating costs-$529
Property taxes-$187
Insurance-$175
Utilities$0
HOA$0
Management-$167
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$26,906(72.1% ROI)
Projected value
$201,045
Return breakdown
Property appreciation+$14,355
Loan principal paid down+$5,351
Rental cash flow+$7,200
5-year hold
+$46,075(123.4% ROI)
Projected value
$211,223
Return breakdown
Property appreciation+$24,533
Loan principal paid down+$9,542
Rental cash flow+$12,000
10-year hold
+$99,026(265.2% ROI)
Projected value
$238,980
Return breakdown
Property appreciation+$52,289
Loan principal paid down+$22,737
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.78
1 BR
0.83
3 BR
1.18
4 BR
1.20
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
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Tax rate
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Mortgage rate
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ZIP 32198 fair market rent, FY 2027

For FY 2027, HUD's Fair Market Rent for a two-bedroom unit in ZIP 32198 (Daytona Beach, FL) is $1,673 a month. That is down 1.6% from $1,700 in FY 2026. Daytona Beach is in the Deltona-Daytona Beach-Ormond Beach, FL HUD Metro FMR Area. The median county two-bedroom FMR in Florida is $1,474, so ZIP 32198 is 14% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 32198
BedroomsFY 2027Change90–110% range
Studio$1,258+4.4%$1,132–$1,384
1BR$1,363−1.6%$1,227–$1,499
2BR$1,673−1.6%$1,506–$1,840
3BR$2,204−1.7%$1,984–$2,424
4BR$2,403−1.1%$2,163–$2,643

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 32198
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,258$1,363$1,673$2,204$2,403
FY 2026$1,205$1,385$1,700$2,241$2,429
FY 2025$1,178$1,404$1,718$2,260$2,424
FY 2024$958$1,152$1,413$1,865$1,925
FY 2023$871$1,063$1,302$1,716$1,773

Questions about ZIP 32198 rents

How much will Section 8 pay for a two-bedroom in ZIP 32198?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,673, that basic range is $1,506 to $1,840 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 32198 in?

ZIP 32198 is in the Deltona-Daytona Beach-Ormond Beach, FL HUD Metro FMR Area. Small Area FMRs are not mandatory in this area.

How much did fair market rent change in ZIP 32198 for FY 2027?

The two-bedroom FMR fell 1.6%, from $1,700 in FY 2026 to $1,673 in FY 2027. Since FY 2023 it has risen 28.5%.

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 Fair Market Rents. 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 rentDaytona Beach, FL fair market rentFL statewide rentsWhat is SAFMR?Data sources