What HUD offices serve Fellsmere, Florida?
Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.
Go to the Florida Public Housing and Low-Income Apartments Waiting Lists page for openings near Fellsmere.
How many renters live in Fellsmere, Florida?
The City of Fellsmere has 4,885 people living in 1,170 households.
There are 1,608 renters living in 414 renter households in this City. Renters make up 32.92 percent of the population living in Fellsmere.
What is the rental market like in Fellsmere, Florida?
There are an estimated 1,396 housing units in the Fellsmere area. Of these, 539 units are rental homes, making up 39 percent of the housing market. For every renter household in Fellsmere, Florida, there are 1 rental units.
What is the vacancy rate for rentals in Fellsmere?
The rental vacancy rate in Fellsmere is 23 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.
How many rental units are in Fellsmere for each bedroom size?
Occupied Rental Units by Size in Fellsmere
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 0 | 60 | 354 | 0 |
Occupied Rental Units by Size in Fellsmere
A large number of apartments in Fellsmere have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How many renter households in Fellsmere are overburdened by housing costs?
Among renter households in this market, 62 percent have housing cost burden. Further, 16 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.
The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.
How Much Is Rent in Fellsmere
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $991 to $2,481. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $991 |
| One BR | $1,195 |
| Two BR | $1,462 |
| Three BR | $1,844 |
| Four BR | $2,481 |
2024 Fair Market Rents in Fellsmere, Florida
How many units are rented at Fair Market Rent (FMR) in Fellsmere?
Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.
These are the approximate number of units renting below the FMR in this market:
| Unit Size | Count of Units Below FMR | Percentage of Total Units Below FMR |
| Two BR | 56 | 93 percent |
Rental Units Below FMR in Fellsmere, Florida
How many affordable rental units are in Fellsmere?
There are a variety of federal affordable housing programs serving households in Fellsmere, Florida including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 240 |
Tracked Units by Federal Program in Fellsmere, Florida
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Fellsmere, Florida
Fellsmere features 70 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.
Low Rent Apartments in Fellsmere, Florida
There are 160 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Fellsmere.
Housing Choice Vouchers in Fellsmere, Florida
On average, Section 8 Housing Choice vouchers pay Fellsmere landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Fellsmere.
The maximum amount a voucher would pay on behalf of a low-income tenant in Fellsmere, Florida for a two-bedroom apartment is between $1,316 and $1,608.
Sourced from federal housing data and AffordableHousingOnline.com research.
