Housing market/Florida/ZIP 32824

ACS 2023 · FY2027 SAFMR

ZIP 32824 Orlando, Florida

Orlando-Kissimmee-Sanford, FL MSA · Florida. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.

Population
55,282
Households
17,283
Median HH income
$80,177
Renter share
25.6%
Median gross rent
$1,759
Vacancy
15.5%
Pop. change
+18.8%
2BR SAFMR
$2,120
SAFMR / rent
1.205×
2–49 unit stock
2,659
LIHTC proj / units
4 / 856
HUD assisted MF
—

ZIP brief

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HUD schedule, ACS stock, and the 90–110% band for ZIP 32824 · FL — sent to you.

ZIP 32824 · FL

ACS median rent$1,759
2BR SAFMR$2,120
90% floor$1,908
110% ceiling$2,332

ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.

Housing stock

ACS 2023 units-in-structure · ZCTA 32824

  • 1-unit detached13,46065.8%
  • 1-unit attached3,64517.8%
  • 2–4 units8494.2%
  • 5–49 units1,8108.8%
  • 50+ units1570.8%
  • Mobile5322.6%
TypeUnitsShare
1-unit detached13,46065.8%
1-unit attached3,64517.8%
2 units (duplex)00.0%
3–4 units8494.2%
5–9 units6643.2%
10–19 units4802.3%
20–49 units6663.3%
50+ units1570.8%
Mobile5322.6%

2–4 unit share 4.2% · 5–49 unit share 8.8% · combined 2–49 13.0%.

Units by bedrooms

Studio
172
1BR
670
2BR
3,045
3BR
7,488
4BR
7,238
5+
1,840

Rent burden

Rent ≥30% of income54.7%
Rent ≥50% of income29.7%
  • ACS median gross rent $1,759 (all bedrooms, occupied rentals).
  • Median contract rent $1,655.
  • Renters paying ≥30% of income 54.7%; ≥50% 29.7%.
  • FY2027 2BR SAFMR $2,120 (1.205× ACS median gross rent).

Population

55,282 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: +18.8%.

ACS 5-year estimates lag current construction. This is not a forecast.

Assisted inventory

  • LIHTC: 4 projects, 856 units.
  • HUD project-based assisted MF: not published for this ZIP.
  • HCV household counts (Picture of Subsidized Households) are not on this page yet.

New apartment permits

About 8,867 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.

Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.

What the data shows

ZIP 32824 25.6% of occupied households are renters; vacancy is 15.5%; ACS median gross rent is $1,759; population increased +18.8% between the 2018 and 2023 ACS vintages; the housing stock includes 849 units in 2–4-unit structures and 1,810 units in 5–49-unit structures; 4 LIHTC projects totaling 856 units; FY2027 2BR SAFMR is $2,120 versus ACS median gross rent of $1,759. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.

Florida research

ZIP 32824 is a Census / HUD profile for Orlando-Kissimmee-Sanford, FL. Not a listing page. Brokerage is Georgia; out-of-state work is referral.

Nearby ZIPs in this FMR area

Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is Florida research. Brokerage is Georgia.

FAQ

What is the housing market like in ZIP 32824?

ZIP 32824 (Orlando-Kissimmee-Sanford, FL MSA) has 55,282 residents, 17,283 households, a renter share of 25.6%, median household income of $80,177, and ACS 2023 median gross rent of $1,759. Vacancy is 15.5%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 32824?

ACS counts 0 units in 2-unit buildings, 849 in 3–4 unit buildings, 664 in 5–9, 480 in 10–19, and 666 in 20–49. Combined 2–49 unit stock is 2,659 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 32824?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $2,120. See the full schedule and 90–110% payment-standard band on the ZIP 32824 — Orlando, FL HUD Section 8 Payment Standards / SAFMR.

Does this Florida ZIP profile include Georgia listings?

No. ZIP 32824 is Census / HUD research for Orlando-Kissimmee-Sanford, FL MSA. Jeff Crowe CRE does not list Florida property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.