FMR is near market; voucher and private rents are aligned.
0.99
2 BR
2 BR
1.12ratio
FMR$1,390
Market$1,240
vs market+$150
FMR is above market; underwrite to market rent.
1.12
3 BR
3 BR
1.36ratio
FMR$1,830
Market$1,350
vs market+$480
FMR is above market; underwrite to market rent.
1.36
4 BR
4 BR
1.34ratio
FMR$1,920
Market$1,430
vs market+$490
FMR is above market; underwrite to market rent.
1.34
0.700.800.901.001.101.201.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
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ZIP 32681 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 32681 (Orange Lake, FL) is $1,390 a month. That is up 15.8% from $1,200 in FY 2026. Orange Lake is in the Ocala, FL MSA. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the metro-wide two-bedroom FMR of $1,394. Among 45 ZIP codes in Marion County, 32681 is tied for the 10th-highest two-bedroom rent (county range $1,240–$1,840). The median county two-bedroom FMR in Florida is $1,474, so ZIP 32681 is 6% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 32681
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$920
$1,190
+29.3%
$1,071–$1,309
1BR
$990
$1,200
+21.2%
$1,080–$1,320
2BR
$1,200
$1,390
+15.8%
$1,251–$1,529
3BR
$1,530
$1,830
+19.6%
$1,647–$2,013
4BR
$1,650
$1,920
+16.4%
$1,728–$2,112
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 32681
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,190
$1,200
$1,390
$1,830
$1,920
FY 2026
$920
$990
$1,200
$1,530
$1,650
FY 2025
$860
$940
$1,140
$1,460
$1,600
FY 2024
$770
$830
$1,020
$1,310
$1,420
FY 2023
$710
$770
$950
$1,230
$1,310
Two-bedroom rent in nearby Marion County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 32681?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,394, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,255 to $1,533 a month; under the ZIP-level Small Area FMR of $1,390 it would be $1,251 to $1,529. 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 32681 in?
ZIP 32681 is in the Ocala, FL MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,394.
How much did fair market rent change in ZIP 32681 for FY 2027?
The two-bedroom FMR rose 15.8%, from $1,200 in FY 2026 to $1,390 in FY 2027. Since FY 2023 it has risen 46.3%.
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