Housing market/Florida/ZIP 32703

ACS 2023 · FY2027 SAFMR

ZIP 32703 Apopka, 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
57,603
Households
20,496
Median HH income
$70,338
Renter share
32.0%
Median gross rent
$1,579
Vacancy
7.0%
Pop. change
+13.0%
2BR SAFMR
$1,860
SAFMR / rent
1.178×
2–49 unit stock
3,124
LIHTC proj / units
4 / 729
HUD assisted MF
4 / 131

ZIP brief

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HUD schedule, ACS stock, and the 90–110% band for ZIP 32703 · FL — sent to you.

ZIP 32703 · FL

ACS median rent$1,579
2BR SAFMR$1,860
90% floor$1,674
110% ceiling$2,046

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

Housing stock

ACS 2023 units-in-structure · ZCTA 32703

  • 1-unit detached15,81972.3%
  • 1-unit attached8553.9%
  • 2–4 units9284.2%
  • 5–49 units2,19610.0%
  • 50+ units4201.9%
  • Mobile1,6557.6%
TypeUnitsShare
1-unit detached15,81971.8%
1-unit attached8553.9%
2 units (duplex)3771.7%
3–4 units5512.5%
5–9 units4402.0%
10–19 units1,0734.9%
20–49 units6833.1%
50+ units4201.9%
Mobile1,6557.5%

2–4 unit share 4.2% · 5–49 unit share 10.0% · combined 2–49 14.2%.

Units by bedrooms

Studio
354
1BR
2,035
2BR
3,848
3BR
9,924
4BR
5,064
5+
808

Rent burden

Rent ≥30% of income59.8%
Rent ≥50% of income31.8%
  • ACS median gross rent $1,579 (all bedrooms, occupied rentals).
  • Median contract rent $1,280.
  • Renters paying ≥30% of income 59.8%; ≥50% 31.8%.
  • FY2027 2BR SAFMR $1,860 (1.178× ACS median gross rent).

Population

57,603 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: +13.0%.

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

Assisted inventory

  • LIHTC: 4 projects, 729 units.
  • HUD project-based assisted MF: 4 properties, 131 assisted units.
  • HCV household counts (Picture of Subsidized Households) are not on this page yet.

New apartment permits

About 6,909 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 32703 32.0% of occupied households are renters; vacancy is 7.0%; ACS median gross rent is $1,579; population increased +13.0% between the 2018 and 2023 ACS vintages; the housing stock includes 928 units in 2–4-unit structures and 2,196 units in 5–49-unit structures; 4 LIHTC projects totaling 729 units; FY2027 2BR SAFMR is $1,860 versus ACS median gross rent of $1,579. 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 32703 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 32703?

ZIP 32703 (Orlando-Kissimmee-Sanford, FL MSA) has 57,603 residents, 20,496 households, a renter share of 32.0%, median household income of $70,338, and ACS 2023 median gross rent of $1,579. Vacancy is 7.0%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 32703?

ACS counts 377 units in 2-unit buildings, 551 in 3–4 unit buildings, 440 in 5–9, 1,073 in 10–19, and 683 in 20–49. Combined 2–49 unit stock is 3,124 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 32703?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,860. See the full schedule and 90–110% payment-standard band on the ZIP 32703 — Apopka, FL HUD Section 8 Payment Standards / SAFMR.

Does this Florida ZIP profile include Georgia listings?

No. ZIP 32703 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.