FMR is near market; voucher and private rents are aligned.
1.06
3 BR
3 BR
0.99ratio
FMR$2,200
Market$2,220
vs market-$20
FMR is near market; voucher and private rents are aligned.
0.99
4 BR
4 BR
1.00ratio
FMR$2,400
Market$2,410
vs market-$10
FMR is near market; voucher and private rents are aligned.
1.00
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
--
ZIP 32721 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 32721 (Deland, FL) is $1,670 a month. That is down 1.8% from $1,700 in FY 2026. Deland is in the Deltona-Daytona Beach-Ormond Beach, FL HUD Metro FMR Area. 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 $1,673. Among 46 ZIP codes in Volusia County, 32721 is tied for the 17th-highest two-bedroom rent (county range $1,370–$2,280). The median county two-bedroom FMR in Florida is $1,474, so ZIP 32721 is 13% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 32721
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,200
$1,260
+5.0%
$1,134–$1,386
1BR
$1,380
$1,360
−1.4%
$1,224–$1,496
2BR
$1,700
$1,670
−1.8%
$1,503–$1,837
3BR
$2,240
$2,200
−1.8%
$1,980–$2,420
4BR
$2,430
$2,400
−1.2%
$2,160–$2,640
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 32721
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,260
$1,360
$1,670
$2,200
$2,400
FY 2026
$1,200
$1,380
$1,700
$2,240
$2,430
FY 2025
$1,180
$1,410
$1,720
$2,260
$2,430
FY 2024
$960
$1,150
$1,410
$1,860
$1,920
FY 2023
$870
$1,060
$1,300
$1,710
$1,770
Two-bedroom rent in nearby Volusia County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 32721?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,673, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,506 to $1,840 a month; under the ZIP-level Small Area FMR of $1,670 it would be $1,503 to $1,837. 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 32721 in?
ZIP 32721 is in the Deltona-Daytona Beach-Ormond Beach, FL HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,673.
How much did fair market rent change in ZIP 32721 for FY 2027?
The two-bedroom FMR fell 1.8%, from $1,700 in FY 2026 to $1,670 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 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