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Orange County/Orlando/32805

32805

ZIPSAFMR
Orange County, FL
Zillow

ZIP Investment Score

113Above average

095130300
BRFMR
Eff. Rent
0 BR$1,150$1,030
1 BR$1,210$1,050
2 BR$1,370$1,240
3 BR$1,730$1,900
4 BR$2,090$2,120
5 BR$2,404Not available
6 BR$2,764Not available
7 BR$3,179Not available
8 BR$3,655Not available

Purchase Price Calculator

Maximum purchase price
$122,347

Cost breakdown

+Likely effective rent$1,240
HUD FMR$1,370
Market rentUsed$1,240
Est. payment standard (94%)$1,290
-Principal and interest-$619
Loan amount$97,878
Down payment$24,469
Rate6.50%
Term30 years
-Operating costs-$421
Property taxes-$122
Insurance-$175
Utilities$0
HOA$0
Management-$124
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$20,114(82.2% ROI)
Projected value
$131,754
Return breakdown
Property appreciation+$9,407
Loan principal paid down+$3,507
Rental cash flow+$7,200
5-year hold
+$34,331(140.3% ROI)
Projected value
$138,424
Return breakdown
Property appreciation+$16,077
Loan principal paid down+$6,253
Rental cash flow+$12,000
10-year hold
+$73,168(299.0% ROI)
Projected value
$156,615
Return breakdown
Property appreciation+$34,268
Loan principal paid down+$14,901
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.12
1 BR
1.15
2 BR
1.10
3 BR
0.81
4 BR
0.98
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 32805 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 32805 (Orlando, FL) is $1,370 a month. That is down 9.9% from $1,520 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, 32805 is tied for the 77th-highest two-bedroom rent (county range $1,370–$2,690). The median county two-bedroom FMR in Florida is $1,474, so ZIP 32805 is 7% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 32805
BedroomsFY 2027Change90–110% range
Studio$1,150−9.4%$1,035–$1,265
1BR$1,210−9.7%$1,089–$1,331
2BR$1,370−9.9%$1,233–$1,507
3BR$1,730−9.9%$1,557–$1,903
4BR$2,090−9.9%$1,881–$2,299

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 32805
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,150$1,210$1,370$1,730$2,090
FY 2026$1,270$1,340$1,520$1,920$2,320
FY 2025$1,410$1,480$1,680$2,130$2,570
FY 2024$1,210$1,280$1,460$1,860$2,260
FY 2023$1,040$1,120$1,280$1,650$1,990

Two-bedroom rent in nearby Orange County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 32805
32798$1,3700.0%
32801$2,110+54.0%
32802$1,990+45.3%
32803$2,310+68.6%
32804$2,010+46.7%
32805Current$1,370—
32806$1,780+29.9%
32807$1,740+27.0%
32808$1,720+25.5%
32809$1,600+16.8%
32810$1,860+35.8%
32811$1,970+43.8%

Questions about ZIP 32805 rents

How much will Section 8 pay for a two-bedroom in ZIP 32805?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,370, that basic range is $1,233 to $1,507 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 32805 in?

ZIP 32805 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 32805 for FY 2027?

The two-bedroom FMR fell 9.9%, from $1,520 in FY 2026 to $1,370 in FY 2027. Since FY 2023 it has risen 7.0%.

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