Skip to main content
Loading page
Orange County/Orlando/32811

32811

ZIPSAFMR
Orange County, FL
Zillow

ZIP Investment Score

121Above average

095130300
BRFMR
Eff. Rent
0 BR$1,670$1,210
1 BR$1,740$1,230
2 BR$1,970$1,660
3 BR$2,460$1,840
4 BR$2,870$1,990
5 BR$3,300Not available
6 BR$3,796Not available
7 BR$4,365Not available
8 BR$5,020Not available

Purchase Price Calculator

Maximum purchase price
$184,759

Cost breakdown

+Likely effective rent$1,660
HUD FMR$1,970
Market rentUsed$1,660
Est. payment standard (90%)$1,770
-Principal and interest-$934
Loan amount$147,807
Down payment$36,952
Rate6.50%
Term30 years
-Operating costs-$526
Property taxes-$185
Insurance-$175
Utilities$0
HOA$0
Management-$166
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$26,702(72.3% ROI)
Projected value
$198,965
Return breakdown
Property appreciation+$14,206
Loan principal paid down+$5,296
Rental cash flow+$7,200
5-year hold
+$45,722(123.7% ROI)
Projected value
$209,038
Return breakdown
Property appreciation+$24,279
Loan principal paid down+$9,443
Rental cash flow+$12,000
10-year hold
+$98,250(265.9% ROI)
Projected value
$236,507
Return breakdown
Property appreciation+$51,748
Loan principal paid down+$22,502
Rental cash flow+$24,000

Public Housing Authority

Loading Public Housing Authority

Rolodex

Loading Rolodex

Market Alignment

Studio
1.38
1 BR
1.41
2 BR
1.19
3 BR
1.34
4 BR
1.44
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 32811 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 32811 (Orlando, FL) is $1,970 a month. That is up 0.5% from $1,960 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, 32811 is tied for the 59th-highest two-bedroom rent (county range $1,370–$2,690). The median county two-bedroom FMR in Florida is $1,474, so ZIP 32811 is 34% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 32811
BedroomsFY 2027Change90–110% range
Studio$1,670+1.8%$1,503–$1,837
1BR$1,740+1.2%$1,566–$1,914
2BR$1,970+0.5%$1,773–$2,167
3BR$2,4600.0%$2,214–$2,706
4BR$2,870−1.4%$2,583–$3,157

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 32811
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,670$1,740$1,970$2,460$2,870
FY 2026$1,640$1,720$1,960$2,460$2,910
FY 2025$1,590$1,680$1,900$2,410$2,870
FY 2024$1,510$1,590$1,800$2,290$2,760
FY 2023$1,330$1,420$1,610$2,060$2,490

Two-bedroom rent in nearby Orange County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 32811
32804$2,010+2.0%
32805$1,370−30.5%
32806$1,780−9.6%
32807$1,740−11.7%
32808$1,720−12.7%
32809$1,600−18.8%
32810$1,860−5.6%
32811Current$1,970—
32812$1,810−8.1%
32814$2,660+35.0%
32816$1,860−5.6%
32817$2,030+3.0%

Questions about ZIP 32811 rents

How much will Section 8 pay for a two-bedroom in ZIP 32811?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,970, that basic range is $1,773 to $2,167 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 32811 in?

ZIP 32811 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 32811 for FY 2027?

The two-bedroom FMR rose 0.5%, from $1,960 in FY 2026 to $1,970 in FY 2027. Since FY 2023 it has risen 22.4%.

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