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Seminole County/Oviedo/32766

32766

ZIPSAFMR
Seminole County, FL
Zillow

ZIP Investment Score

87Below average

095130300
BRFMR
Eff. Rent
0 BR$2,100$1,550
1 BR$2,190$1,540
2 BR$2,480$2,060
3 BR$3,100$2,470
4 BR$3,620$2,730
5 BR$4,163Not available
6 BR$4,787Not available
7 BR$5,506Not available
8 BR$6,331Not available

Purchase Price Calculator

Maximum purchase price
$244,199

Cost breakdown

+Likely effective rent$2,060
HUD FMR$2,480
Market rentUsed$2,060
Est. payment standard (90%)$2,230
-Principal and interest-$1,235
Loan amount$195,359
Down payment$48,840
Rate6.50%
Term30 years
-Operating costs-$625
Property taxes-$244
Insurance-$175
Utilities$0
HOA$0
Management-$206
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$32,976(67.5% ROI)
Projected value
$262,975
Return breakdown
Property appreciation+$18,777
Loan principal paid down+$6,999
Rental cash flow+$7,200
5-year hold
+$56,571(115.8% ROI)
Projected value
$276,288
Return breakdown
Property appreciation+$32,090
Loan principal paid down+$12,482
Rental cash flow+$12,000
10-year hold
+$122,137(250.1% ROI)
Projected value
$312,595
Return breakdown
Property appreciation+$68,396
Loan principal paid down+$29,741
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.35
1 BR
1.42
2 BR
1.20
3 BR
1.26
4 BR
1.33
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 32766 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 32766 (Oviedo, FL) is $2,480 a month. That is down 3.9% from $2,580 in FY 2026. Oviedo 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 27 ZIP codes in Seminole County, 32766 has the highest two-bedroom rent (county range $1,730–$2,480). The median county two-bedroom FMR in Florida is $1,474, so ZIP 32766 is 68% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 32766
BedroomsFY 2027Change90–110% range
Studio$2,100−2.8%$1,890–$2,310
1BR$2,190−3.1%$1,971–$2,409
2BR$2,480−3.9%$2,232–$2,728
3BR$3,100−4.3%$2,790–$3,410
4BR$3,620−5.5%$3,258–$3,982

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 32766
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,100$2,190$2,480$3,100$3,620
FY 2026$2,160$2,260$2,580$3,240$3,830
FY 2025$2,270$2,400$2,720$3,450$4,110
FY 2024$2,260$2,380$2,700$3,430$4,140
FY 2023$1,990$2,110$2,400$3,070$3,720

Two-bedroom rent in nearby Seminole County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 32766
32746$2,280−8.1%
32747$1,980−20.2%
32750$1,920−22.6%
32751$2,170−12.5%
32752$1,980−20.2%
32762$1,980−20.2%
32765$2,280−8.1%
32766Current$2,480—
32771$1,890−23.8%
32772$1,980−20.2%
32773$1,750−29.4%
32779$2,210−10.9%

Questions about ZIP 32766 rents

How much will Section 8 pay for a two-bedroom in ZIP 32766?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,480, that basic range is $2,232 to $2,728 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 32766 in?

ZIP 32766 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 32766 for FY 2027?

The two-bedroom FMR fell 3.9%, from $2,580 in FY 2026 to $2,480 in FY 2027. Since FY 2023 it has risen 3.3%.

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

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