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Marion County/Summerfield/34491

34491

ZIPSAFMR
Marion County, FL
Zillow

ZIP Investment Score

78Below average

095130300
BRFMR
Eff. Rent
0 BR$1,110$1,200
1 BR$1,120$1,230
2 BR$1,300$1,430
3 BR$1,710$1,830
4 BR$1,800$1,980
5 BR$2,070Not available
6 BR$2,380Not available
7 BR$2,738Not available
8 BR$3,148Not available

Purchase Price Calculator

Maximum purchase price
$150,581

Cost breakdown

+Likely effective rent$1,430
HUD FMR$1,300
Market rent$1,990
Est. payment standard (110%)Used$1,430
-Principal and interest-$761
Loan amount$120,465
Down payment$30,116
Rate6.50%
Term30 years
-Operating costs-$469
Property taxes-$151
Insurance-$175
Utilities$0
HOA$0
Management-$143
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$23,094(76.7% ROI)
Projected value
$162,159
Return breakdown
Property appreciation+$11,578
Loan principal paid down+$4,316
Rental cash flow+$7,200
5-year hold
+$39,484(131.1% ROI)
Projected value
$170,368
Return breakdown
Property appreciation+$19,788
Loan principal paid down+$7,697
Rental cash flow+$12,000
10-year hold
+$84,515(280.6% ROI)
Projected value
$192,756
Return breakdown
Property appreciation+$42,175
Loan principal paid down+$18,339
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.89
1 BR
0.85
2 BR
0.65
3 BR
0.90
4 BR
0.83
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 34491 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 34491 (Summerfield, FL) is $1,300 a month. That is unchanged from FY 2026. Summerfield is in the Ocala, FL MSA. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the metro-wide two-bedroom FMR of $1,394. Among 45 ZIP codes in Marion County, 34491 has the 30th-highest two-bedroom rent (county range $1,240–$1,840). The median county two-bedroom FMR in Florida is $1,474, so ZIP 34491 is 12% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 34491
BedroomsFY 2027Change90–110% range
Studio$1,110+3.7%$999–$1,221
1BR$1,120+0.9%$1,008–$1,232
2BR$1,3000.0%$1,170–$1,430
3BR$1,710+1.8%$1,539–$1,881
4BR$1,800−2.2%$1,620–$1,980

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 34491
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,110$1,120$1,300$1,710$1,800
FY 2026$1,070$1,110$1,300$1,680$1,840
FY 2025$1,000$1,070$1,300$1,660$1,790
FY 2024$940$1,040$1,260$1,610$1,760
FY 2023$880$940$1,160$1,490$1,610

Two-bedroom rent in nearby Marion County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 34491
34477$1,390+6.9%
34478$1,390+6.9%
34479$1,480+13.8%
34480$1,400+7.7%
34481$1,360+4.6%
34482$1,240−4.6%
34483$1,390+6.9%
34484$1,520+16.9%
34488$1,260−3.1%
34489$1,390+6.9%
34491Current$1,300—
34492$1,390+6.9%

Questions about ZIP 34491 rents

How much will Section 8 pay for a two-bedroom in ZIP 34491?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,394, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,255 to $1,533 a month; under the ZIP-level Small Area FMR of $1,300 it would be $1,170 to $1,430. 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 34491 in?

ZIP 34491 is in the Ocala, FL MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,394.

How much did fair market rent change in ZIP 34491 for FY 2027?

The two-bedroom FMR was unchanged at $1,300 in FY 2027. Since FY 2023 it has risen 12.1%.

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 rentSummerfield, FL fair market rentFL statewide rentsWhat is SAFMR?Data sources