Housing market/Florida/ZIP 32828

ACS 2023 · FY2027 SAFMR

ZIP 32828 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
69,937
Households
24,531
Median HH income
$99,927
Renter share
35.0%
Median gross rent
$1,830
Vacancy
4.7%
Pop. change
+6.5%
2BR SAFMR
$2,190
SAFMR / rent
1.197×
2–49 unit stock
6,102
LIHTC proj / units
6 / 1,596
HUD assisted MF
1 / 79

ZIP brief

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HUD schedule, ACS stock, and the 90–110% band for ZIP 32828 · FL — sent to you.

ZIP 32828 · FL

ACS median rent$1,830
2BR SAFMR$2,190
90% floor$1,971
110% ceiling$2,409

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

Housing stock

ACS 2023 units-in-structure · ZCTA 32828

  • 1-unit detached15,63760.8%
  • 1-unit attached2,4849.7%
  • 2–4 units7152.8%
  • 5–49 units5,38720.9%
  • 50+ units7502.9%
  • Mobile7552.9%
TypeUnitsShare
1-unit detached15,63760.8%
1-unit attached2,4849.7%
2 units (duplex)2461.0%
3–4 units4691.8%
5–9 units7252.8%
10–19 units3,50313.6%
20–49 units1,1594.5%
50+ units7502.9%
Mobile7552.9%

2–4 unit share 2.8% · 5–49 unit share 20.9% · combined 2–49 23.7%.

Units by bedrooms

Studio
396
1BR
2,270
2BR
4,124
3BR
7,595
4BR
8,440
5+
2,903

Rent burden

Rent ≥30% of income48.5%
Rent ≥50% of income22.4%
  • ACS median gross rent $1,830 (all bedrooms, occupied rentals).
  • Median contract rent $1,679.
  • Renters paying ≥30% of income 48.5%; ≥50% 22.4%.
  • FY2027 2BR SAFMR $2,190 (1.197× ACS median gross rent).

Population

69,937 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: +6.5%.

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

Assisted inventory

  • LIHTC: 6 projects, 1,596 units.
  • HUD project-based assisted MF: 1 properties, 79 assisted units.
  • 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 32828 35.0% of occupied households are renters; vacancy is 4.7%; ACS median gross rent is $1,830; population increased +6.5% between the 2018 and 2023 ACS vintages; the housing stock includes 715 units in 2–4-unit structures and 5,387 units in 5–49-unit structures; 6 LIHTC projects totaling 1,596 units; FY2027 2BR SAFMR is $2,190 versus ACS median gross rent of $1,830. 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 32828 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 32828?

ZIP 32828 (Orlando-Kissimmee-Sanford, FL MSA) has 69,937 residents, 24,531 households, a renter share of 35.0%, median household income of $99,927, and ACS 2023 median gross rent of $1,830. Vacancy is 4.7%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 32828?

ACS counts 246 units in 2-unit buildings, 469 in 3–4 unit buildings, 725 in 5–9, 3,503 in 10–19, and 1,159 in 20–49. Combined 2–49 unit stock is 6,102 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 32828?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $2,190. See the full schedule and 90–110% payment-standard band on the ZIP 32828 — Orlando, FL HUD Section 8 Payment Standards / SAFMR.

Does this Florida ZIP profile include Georgia listings?

No. ZIP 32828 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.