How many renters live in Atlantic Beach, Florida?
The City of Atlantic Beach has 13,381 people living in 5,798 households.
There are 3,089 renters living in 1,598 renter households in this City. Renters make up 23.08 percent of the population living in Atlantic Beach.
What is the rental market like in Atlantic Beach, Florida?
There are an estimated 6,459 housing units in the Atlantic Beach area. Of these, 1,598 units are rental homes, making up 25 percent of the housing market. For every renter household in Atlantic Beach, Florida, there are 1 rental units.
What is the vacancy rate for rentals in Atlantic Beach?
The rental vacancy rate in Atlantic Beach is 0 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.
How many rental units are in Atlantic Beach for each bedroom size?
Occupied Rental Units by Size in Atlantic Beach
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 24 | 322 | 553 | 601 | 90 |
Occupied Rental Units by Size in Atlantic Beach
A large number of apartments in Atlantic Beach 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 Atlantic Beach are overburdened by housing costs?
Among renter households in this market, 47 percent have housing cost burden. Further, 28 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 Atlantic Beach
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,240 to $2,579. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $1,240 |
| One BR | $1,354 |
| Two BR | $1,604 |
| Three BR | $2,027 |
| Four BR | $2,579 |
2024 Fair Market Rents in Atlantic Beach, Florida
How many units are rented at Fair Market Rent (FMR) in Atlantic Beach?
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 |
| Studio | 4 | 17 percent |
| One BR | 126 | 39 percent |
| Two BR | 269 | 49 percent |
Rental Units Below FMR in Atlantic Beach, Florida
How many affordable rental units are in Atlantic Beach?
There are a variety of federal affordable housing programs serving households in Atlantic Beach, Florida including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 28 |
| Section 8 Project-Based Rental Assistance | 2 |
Tracked Units by Federal Program in Atlantic Beach, Florida
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Atlantic Beach, Florida
Atlantic Beach features 0 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 Atlantic Beach, Florida
There are 28 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Atlantic Beach.
Housing Choice Vouchers in Atlantic Beach, Florida
On average, Section 8 Housing Choice vouchers pay Atlantic Beach landlords $700 per month towards rent. The average voucher holder contributes $400 towards rent in Atlantic Beach.
The maximum amount a voucher would pay on behalf of a low-income tenant in Atlantic Beach, Florida for a two-bedroom apartment is between $1,444 and $1,764.
Sourced from federal housing data and AffordableHousingOnline.com research.
