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Orange County/Orlando/32803

32803

ZIPSAFMR
Orange County, FL
Zillow

ZIP Investment Score

80Below average

095130300
BRFMR
Eff. Rent
0 BR$1,960$1,570
1 BR$2,040$1,860
2 BR$2,310$2,190
3 BR$2,880$2,810
4 BR$3,370$3,710
5 BR$3,875Not available
6 BR$4,457Not available
7 BR$5,125Not available
8 BR$5,894Not available

Purchase Price Calculator

Maximum purchase price
$263,517

Cost breakdown

+Likely effective rent$2,190
HUD FMR$2,310
Market rentUsed$2,190
Est. payment standard (97%)$2,230
-Principal and interest-$1,332
Loan amount$210,813
Down payment$52,703
Rate6.50%
Term30 years
-Operating costs-$658
Property taxes-$264
Insurance-$175
Utilities$0
HOA$0
Management-$219
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$35,015(66.4% ROI)
Projected value
$283,779
Return breakdown
Property appreciation+$20,262
Loan principal paid down+$7,553
Rental cash flow+$7,200
5-year hold
+$60,097(114.0% ROI)
Projected value
$298,145
Return breakdown
Property appreciation+$34,628
Loan principal paid down+$13,469
Rental cash flow+$12,000
10-year hold
+$129,901(246.5% ROI)
Projected value
$337,324
Return breakdown
Property appreciation+$73,807
Loan principal paid down+$32,094
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.25
1 BR
1.10
2 BR
1.05
3 BR
1.02
4 BR
0.85
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 32803 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 32803 (Orlando, FL) is $2,310 a month. That is down 1.7% from $2,350 in FY 2026. Orlando 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, 32803 has the 10th-highest two-bedroom rent (county range $1,370–$2,690). The median county two-bedroom FMR in Florida is $1,474, so ZIP 32803 is 57% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 32803
BedroomsFY 2027Change90–110% range
Studio$1,960−0.5%$1,764–$2,156
1BR$2,040−1.0%$1,836–$2,244
2BR$2,310−1.7%$2,079–$2,541
3BR$2,880−2.4%$2,592–$3,168
4BR$3,370−3.2%$3,033–$3,707

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 32803
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,960$2,040$2,310$2,880$3,370
FY 2026$1,970$2,060$2,350$2,950$3,480
FY 2025$1,910$2,020$2,290$2,910$3,460
FY 2024$1,830$1,920$2,180$2,770$3,340
FY 2023$1,580$1,680$1,910$2,440$2,960

Two-bedroom rent in nearby Orange County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 32803
32798$1,370−40.7%
32801$2,110−8.7%
32802$1,990−13.9%
32803Current$2,310—
32804$2,010−13.0%
32805$1,370−40.7%
32806$1,780−22.9%
32807$1,740−24.7%
32808$1,720−25.5%
32809$1,600−30.7%
32810$1,860−19.5%
32811$1,970−14.7%

Questions about ZIP 32803 rents

How much will Section 8 pay for a two-bedroom in ZIP 32803?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,310, that basic range is $2,079 to $2,541 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 32803 in?

ZIP 32803 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 32803 for FY 2027?

The two-bedroom FMR fell 1.7%, from $2,350 in FY 2026 to $2,310 in FY 2027. Since FY 2023 it has risen 20.9%.

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