This ZIP’s Zillow ZORI is $2,111 per month, a typical observed asking-rent index blended across rental types rather than a lease quote or a measured apartment category. The latest exact same-month movement is -0.13% over one year, even though the same index rose at annualized rates of 1.11% across three years and 5.83% across five years. The immediate reading is therefore a nearly flat-to-down asking-rent snapshot that breaks from, rather than confirms, the longer upward path. The central decision tension is whether this shallow reversal is temporary index movement or a meaningful change in pricing conditions; the supplied evidence does not resolve that question.
The rent history is complete, with 100% coverage for the available monthly series. At 3.09%, annualized monthly-return variability indicates that asking-rent changes have moved around enough that a small current decline should not be over-read as a durable shift. Separately, the largest peak-to-trough decline in the historical index reaches 3.41%, showing that past softening has been limited but real. The transparent national discovery ranks are 2,276 for momentum, 1,766 for stability, and 2,426 for the balanced measure; lower ranks place higher among history-eligible ZIPs. These are backward-looking discovery measurements, not forecasts, investment recommendations, or evidence that the next observation will move in either direction.
The five-digit 34743 label is Zillow’s ZIP market identifier and has a matched Census ZCTA; a ZCTA is a statistical area and is not identical to a USPS delivery ZIP. Its ACS median gross rent is $1,827, making the Zillow asking-rent index 15.5% higher. Those figures should not be substituted for one another: ACS is a five-year survey of occupied renter homes and median gross rent includes selected utilities, while ZORI tracks typical observed asking rents. HUD’s two-bedroom FMR/SAFMR standard is $2,040, and ZORI is 3.5% above it. HUD FMR/SAFMR is an administrative, bedroom-specific standard, not an asking-rent measure or a rent comparable.
The bedroom figures translate the ZIP ZORI through the local HUD bedroom ladder and are modelled estimates, never measured bedroom rents. The resulting monthly estimates are $1,770 for a studio, $1,852 for one bedroom, $2,111 for two bedrooms, $2,649 for three bedrooms, and $3,125 for four bedrooms. Their pattern preserves the local HUD FMR/SAFMR bedroom relationships rather than documenting actual listings in each size category. The two-bedroom estimate matching the overall ZORI does not establish that a typical available unit has two bedrooms, nor does it reveal concession terms, utilities, furnishing, condition, or the distribution of units within the asking-rent index.
Using the conventional 30% arithmetic screen, annualizing the $2,111 ZORI produces required household income of $84,440. That is above the ACS median household income of $62,992, and the direct asking-rent-to-income calculation equals 40.2%. This is arithmetic rather than advice, an applicant qualification rule, or a statement about any household’s actual budget. The ACS renter-household burden measure adds a separate historical signal: 2,610 of 3,886 renter households, or 67.2%, reported spending at least 30% of income on rent. Because it is a survey measure of occupied renter homes, that burden share cannot prove affordability, rent burden, or eligibility for a particular currently marketed unit.
The ACS stock profile provides an important check on interpreting vacancy. Of 13,528 total housing units, 950 are vacant, producing a 7.0% all-unit vacancy rate; only 16 are categorized as vacant for rent, while 501 are seasonal. Those classifications are not a current rental-availability count and cannot establish that a particular unit is vacant or easy to lease. The reported structure mix is heavily weighted toward 12,131 single-family units, compared with 261 large multifamily units. That composition helps describe the survey housing stock, but it does not identify the type of homes represented in Zillow’s blended asking-rent index or the bedroom distribution of active listings.
For wider asking-rent context, Kissimmee city is $2,046, Osceola County is $2,091, and the Orlando-Kissimmee-Sanford, FL metro is $1,972. The ZIP index sits above each of those wider-scope figures, but city, county, and metro values are context rather than ZIP rental comparables. The metro’s rent-to-income context ratio is 30.13%, below the ZIP’s arithmetic screen, yet the comparison combines a metro-level measure with a ZIP ZORI and matched-ZCTA income measure. It should therefore frame scale differences, not establish a location-specific affordability conclusion. The stronger ZIP-level evidence remains the modest recent ZORI decline alongside longer-run historical growth.
Redfin’s direct rolling-three-month ZIP resale observation belongs to the for-sale market, not rental transactions. Median sold price is $349,621, down 1.52% year over year, with 95 homes sold, 30 median days on market, inventory of 108 homes, and 3.4 months of supply. Sale-to-list evidence is also below a uniformly competitive reading: the average sale-to-list ratio is 98.04%, 21.76% of homes sold above list, and 25.63% went off market within two weeks. The 7.25% annualized-ZORI-to-median-price figure is only a cross-source screening ratio, not a property-level return measure. Softer resale pricing and below-list sales signals align with the recent rent cooling, yet completed sales volume and marketing time show resale activity rather than rental evidence. A property-level comparison would still require actual asking rents, lease terms and concessions, utility responsibility, bedroom count, condition, listing dates, and directly comparable sale records.