Skip to main content
Loading page
Orange County/Apopka/32703

32703

ZIPSAFMR
Orange County, FL
Zillow

ZIP Investment Score

97Above average

095130300
BRFMR
Eff. Rent
0 BR$1,570$1,540
1 BR$1,640$1,460
2 BR$1,860$1,630
3 BR$2,320$2,170
4 BR$2,710$2,660
5 BR$3,116Not available
6 BR$3,584Not available
7 BR$4,122Not available
8 BR$4,740Not available

Purchase Price Calculator

Maximum purchase price
$180,301

Cost breakdown

+Likely effective rent$1,630
HUD FMR$1,860
Market rentUsed$1,630
Est. payment standard (92%)$1,710
-Principal and interest-$912
Loan amount$144,241
Down payment$36,060
Rate6.50%
Term30 years
-Operating costs-$518
Property taxes-$180
Insurance-$175
Utilities$0
HOA$0
Management-$163
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$26,231(72.7% ROI)
Projected value
$194,164
Return breakdown
Property appreciation+$13,863
Loan principal paid down+$5,168
Rental cash flow+$7,200
5-year hold
+$44,909(124.5% ROI)
Projected value
$203,994
Return breakdown
Property appreciation+$23,693
Loan principal paid down+$9,216
Rental cash flow+$12,000
10-year hold
+$96,458(267.5% ROI)
Projected value
$230,800
Return breakdown
Property appreciation+$50,499
Loan principal paid down+$21,959
Rental cash flow+$24,000

Public Housing Authority

Loading Public Housing Authority

Rolodex

Loading Rolodex

Market Alignment

Studio
1.02
1 BR
1.12
2 BR
1.14
3 BR
1.07
4 BR
1.02
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 32703 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 32703 (Apopka, FL) is $1,860 a month. That is unchanged from FY 2026. Apopka 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 78 ZIP codes in Orange County, 32703 is tied for the 62nd-highest two-bedroom rent (county range $1,370–$2,690). The median county two-bedroom FMR in Florida is $1,474, so ZIP 32703 is 26% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 32703
BedroomsFY 2027Change90–110% range
Studio$1,570+0.6%$1,413–$1,727
1BR$1,640+0.6%$1,476–$1,804
2BR$1,8600.0%$1,674–$2,046
3BR$2,320−0.4%$2,088–$2,552
4BR$2,710−1.8%$2,439–$2,981

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 32703
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,570$1,640$1,860$2,320$2,710
FY 2026$1,560$1,630$1,860$2,330$2,760
FY 2025$1,520$1,610$1,820$2,310$2,750
FY 2024$1,450$1,530$1,730$2,200$2,650
FY 2023$1,250$1,330$1,510$1,930$2,340

Two-bedroom rent in nearby Orange County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 32703
32703Current$1,860—
32704$1,990+7.0%
32709$1,670−10.2%
32710$1,990+7.0%
32712$2,320+24.7%
32714$2,080+11.8%
32733$1,990+7.0%
32751$2,170+16.7%
32757$1,790−3.8%
32765$2,280+22.6%
32768$1,990+7.0%
32776$1,850−0.5%

Questions about ZIP 32703 rents

How much will Section 8 pay for a two-bedroom in ZIP 32703?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,860, that basic range is $1,674 to $2,046 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 32703 in?

ZIP 32703 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 32703 for FY 2027?

The two-bedroom FMR was unchanged at $1,860 in FY 2027. Since FY 2023 it has risen 23.2%.

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 rentApopka, FL fair market rentFL statewide rentsWhat is SAFMR?Data sources