FMR is near market; voucher and private rents are aligned.
1.01
3 BR
3 BR
1.05ratio
FMR$2,330
Market$2,220
vs market+$110
FMR is near market; voucher and private rents are aligned.
1.05
4 BR
4 BR
1.07ratio
FMR$2,720
Market$2,540
vs market+$180
FMR is near market; voucher and private rents are aligned.
1.07
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
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ZIP 32816 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 32816 (Orlando, FL) is $1,860 a month. That is down 2.6% from $1,910 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, 32816 is tied for the 62nd-highest two-bedroom rent (county range $1,370–$2,690). The median county two-bedroom FMR in Florida is $1,474, so ZIP 32816 is 26% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 32816
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,600
$1,580
−1.2%
$1,422–$1,738
1BR
$1,680
$1,640
−2.4%
$1,476–$1,804
2BR
$1,910
$1,860
−2.6%
$1,674–$2,046
3BR
$2,400
$2,330
−2.9%
$2,097–$2,563
4BR
$2,840
$2,720
−4.2%
$2,448–$2,992
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 32816
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,580
$1,640
$1,860
$2,330
$2,720
FY 2026
$1,600
$1,680
$1,910
$2,400
$2,840
FY 2025
$1,590
$1,680
$1,900
$2,410
$2,880
FY 2024
$1,570
$1,650
$1,870
$2,380
$2,870
FY 2023
$1,340
$1,430
$1,620
$2,070
$2,510
Two-bedroom rent in nearby Orange County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 32816?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,860, that basic range is $1,674 to $2,046 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 32816 in?
ZIP 32816 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 32816 for FY 2027?
The two-bedroom FMR fell 2.6%, from $1,910 in FY 2026 to $1,860 in FY 2027. Since FY 2023 it has risen 14.8%.
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