Housing market/Florida/ZIP 34488
ZIP 34488 Silver Springs, Florida
Ocala, FL MSA · Florida. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.
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HUD schedule, ACS stock, and the 90–110% band for ZIP 34488 · FL — sent to you.
ZIP 34488 · FL
ACS rent vs 2BR SAFMR
ZIP 34488 — Silver Springs, FL HUD Section 8 Payment Standards / SAFMR →ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.
Housing stock
ACS 2023 units-in-structure · ZCTA 34488
- 1-unit detached1,91329.1%
- 1-unit attached641.0%
- 2–4 units69210.5%
- 5–49 units540.8%
- 50+ units510.8%
- Mobile3,79857.8%
2–4 unit share 10.2% · 5–49 unit share 0.8% · combined 2–49 10.9%.
Units by bedrooms
Rent burden
- ACS median gross rent $1,098 (all bedrooms, occupied rentals).
- Median contract rent $886.
- Renters paying ≥30% of income 55.3%; ≥50% 39.5%.
- FY2027 2BR SAFMR $1,260 (1.148× ACS median gross rent).
Population
11,525 residents · ACS 2023
Change versus the 2018 ACS 5-year estimate: +9.8%.
ACS 5-year estimates lag current construction. This is not a forecast.
Assisted inventory
- LIHTC: 1 projects, 260 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 379 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 34488 29.1% of occupied households are renters; vacancy is 25.5%; ACS median gross rent is $1,098; population increased +9.8% between the 2018 and 2023 ACS vintages; the housing stock includes 692 units in 2–4-unit structures and 54 units in 5–49-unit structures; 1 LIHTC projects totaling 260 units; FY2027 2BR SAFMR is $1,260 versus ACS median gross rent of $1,098. 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 34488 is a Census / HUD profile for Ocala, FL. Not a listing page. Brokerage is Georgia; out-of-state work is referral.
ZIP 34488 — Silver Springs, FL HUD Section 8 Payment Standards / SAFMR·Florida ZIP directory
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 34488?
ZIP 34488 (Ocala, FL MSA) has 11,525 residents, 5,080 households, a renter share of 29.1%, median household income of $45,239, and ACS 2023 median gross rent of $1,098. Vacancy is 25.5%. These are ZCTA estimates, not a property rent roll.
How much small multifamily housing is in 34488?
ACS counts 134 units in 2-unit buildings, 558 in 3–4 unit buildings, 0 in 5–9, 44 in 10–19, and 10 in 20–49. Combined 2–49 unit stock is 746 units. This is occupied-and-vacant stock, not listings for sale.
What is the Section 8 rent in 34488?
The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,260. See the full schedule and 90–110% payment-standard band on the ZIP 34488 — Silver Springs, FL HUD Section 8 Payment Standards / SAFMR.
Does this Florida ZIP profile include Georgia listings?
No. ZIP 34488 is Census / HUD research for Ocala, 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.