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Orange County/Orlando/32818

32818

ZIPSAFMR
Orange County, FL
Zillow

ZIP Investment Score

100Above average

095130300
BRFMR
Eff. Rent
0 BR$1,480$1,610
1 BR$1,540$1,570
2 BR$1,750$1,850
3 BR$2,180$2,210
4 BR$2,550$2,580
5 BR$2,933Not available
6 BR$3,372Not available
7 BR$3,878Not available
8 BR$4,460Not available

Purchase Price Calculator

Maximum purchase price
$212,993

Cost breakdown

+Likely effective rent$1,850
HUD FMR$1,750
Market rent$1,910
Est. payment standard (106%)Used$1,850
-Principal and interest-$1,077
Loan amount$170,394
Down payment$42,599
Rate6.50%
Term30 years
-Operating costs-$573
Property taxes-$213
Insurance-$175
Utilities$0
HOA$0
Management-$185
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$29,682(69.7% ROI)
Projected value
$229,370
Return breakdown
Property appreciation+$16,377
Loan principal paid down+$6,105
Rental cash flow+$7,200
5-year hold
+$50,876(119.4% ROI)
Projected value
$240,982
Return breakdown
Property appreciation+$27,989
Loan principal paid down+$10,887
Rental cash flow+$12,000
10-year hold
+$109,597(257.3% ROI)
Projected value
$272,649
Return breakdown
Property appreciation+$59,656
Loan principal paid down+$25,941
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.88
1 BR
0.97
2 BR
0.92
3 BR
0.98
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 32818 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 32818 (Orlando, FL) is $1,750 a month. That is down 0.6% from $1,760 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, 32818 has the 71st-highest two-bedroom rent (county range $1,370–$2,690). The median county two-bedroom FMR in Florida is $1,474, so ZIP 32818 is 19% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 32818
BedroomsFY 2027Change90–110% range
Studio$1,480+0.7%$1,332–$1,628
1BR$1,5400.0%$1,386–$1,694
2BR$1,750−0.6%$1,575–$1,925
3BR$2,180−1.4%$1,962–$2,398
4BR$2,550−2.3%$2,295–$2,805

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 32818
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,480$1,540$1,750$2,180$2,550
FY 2026$1,470$1,540$1,760$2,210$2,610
FY 2025$1,410$1,480$1,680$2,130$2,570
FY 2024$1,270$1,340$1,520$1,930$2,330
FY 2023$1,130$1,210$1,370$1,750$2,120

Two-bedroom rent in nearby Orange County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 32818
32811$1,970+12.6%
32812$1,810+3.4%
32814$2,660+52.0%
32816$1,860+6.3%
32817$2,030+16.0%
32818Current$1,750—
32819$2,270+29.7%
32820$1,950+11.4%
32821$2,130+21.7%
32822$1,970+12.6%
32824$2,120+21.1%
32825$2,070+18.3%

Questions about ZIP 32818 rents

How much will Section 8 pay for a two-bedroom in ZIP 32818?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,750, that basic range is $1,575 to $1,925 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 32818 in?

ZIP 32818 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 32818 for FY 2027?

The two-bedroom FMR fell 0.6%, from $1,760 in FY 2026 to $1,750 in FY 2027. Since FY 2023 it has risen 27.7%.

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