33848

ZIPSAFMR

Osceola County, FL

ZIP Investment Score

095130300

BR	FMR	Eff. Rent	3Y CAGR
0 BR	$1,820	$1,780	11.0%
1 BR	$1,910	$1,550	10.9%
2 BR	$2,210	$1,880	10.9%
3 BR	$2,840	$2,340	10.6%
4 BR	$3,360	$2,610	9.5%
5 BR	$3,864	Not available	9.5%
6 BR	$4,444	Not available	9.5%
7 BR	$5,110	Not available	9.5%
8 BR	$5,877	Not available	9.5%

Purchase Price Calculator

Maximum purchase price

$217,451

Cost breakdown

+Likely effective rent$1,880

HUD FMR$2,210

Market rentUsed$1,880

Est. payment standard (90%)$2,000

-Principal and interest-$1,100

Loan amount$173,961

Down payment$43,490

Rate6.50%

Term30 years

-Operating costs-$580

Property taxes-$217

Insurance-$175

Utilities$0

HOA$0

Management-$188

=Target cash flow+$200

Calculation mode

BedroomsCash-flow target

Down payment methodDown payment %

HOA / mo

Utilities methodUtilities amount

Management methodManagement % of rent

Hold period projections

Annual appreciation rate

3-year hold

+$30,153(69.3% ROI)

Projected value

$234,171

Return breakdown

Property appreciation+$16,720

Loan principal paid down+$6,233

Rental cash flow+$7,200

5-year hold

+$51,689(118.9% ROI)

Projected value

$246,026

Return breakdown

Property appreciation+$28,575

Loan principal paid down+$11,114

Rental cash flow+$12,000

10-year hold

+$111,388(256.1% ROI)

Projected value

$278,355

Return breakdown

Property appreciation+$60,905

Loan principal paid down+$26,484

Rental cash flow+$24,000

Public Housing Authority

Rolodex

Market Alignment

Studio

1.02ratio

FMR$1,820

Market$1,780

vs market+$40

FMR is near market; voucher and private rents are aligned.

1.02

1 BR

1.23ratio

FMR$1,910

Market$1,550

vs market+$360

FMR is above market; underwrite to market rent.

1.23

2 BR

1.18ratio

FMR$2,210

Market$1,880

vs market+$330

FMR is above market; underwrite to market rent.

1.18

3 BR

1.21ratio

FMR$2,840

Market$2,340

vs market+$500

FMR is above market; underwrite to market rent.

1.21

4 BR

1.29ratio

FMR$3,360

Market$2,610

vs market+$750

FMR is above market; underwrite to market rent.

1.29

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: --

ZIP 33848 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 33848 (Intercession City, FL) is $2,210 a month. That is up 45.4% from $1,520 in FY 2026. Intercession City 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 24 ZIP codes in Osceola County, 33848 has the 7th-highest two-bedroom rent (county range $1,370–$2,490). The median county two-bedroom FMR in Florida is $1,474, so ZIP 33848 is 50% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 33848
Bedrooms	FY 2026	FY 2027	Change	90–110% range
Studio	$1,270	$1,820	+43.3%	$1,638–$2,002
1BR	$1,340	$1,910	+42.5%	$1,719–$2,101
2BR	$1,520	$2,210	+45.4%	$1,989–$2,431
3BR	$1,920	$2,840	+47.9%	$2,556–$3,124
4BR	$2,320	$3,360	+44.8%	$3,024–$3,696

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 33848
Fiscal year	Studio	1BR	2BR	3BR	4BR
FY 2027	$1,820	$1,910	$2,210	$2,840	$3,360
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	$1,330	$1,400	$1,620	$2,100	$2,560
FY 2023	$1,470	$1,550	$1,800	$2,330	$2,840

Two-bedroom rent in nearby Osceola County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code	2 bedroom	vs. 33848
33848Current	$2,210	—
33896	$2,390	+8.1%
33897	$2,300	+4.1%
34714	$1,970	−10.9%
34739	$1,770	−19.9%
34741	$1,900	−14.0%
34742	$1,950	−11.8%
34743	$2,030	−8.1%
34744	$1,730	−21.7%
34745	$1,950	−11.8%
34746	$2,090	−5.4%
34747	$2,110	−4.5%

Questions about ZIP 33848 rents

How much will Section 8 pay for a two-bedroom in ZIP 33848?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,210, that basic range is $1,989 to $2,431 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 33848 in?

ZIP 33848 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 33848 for FY 2027?

The two-bedroom FMR rose 45.4%, from $1,520 in FY 2026 to $2,210 in FY 2027. Since FY 2023 it has risen 22.8%.

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

County fair market rent Intercession City, FL fair market rent FL statewide rents What is SAFMR?Data sources