What HUD offices serve Belle Isle, 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 Belle Isle.
How many renters live in Belle Isle, Florida?
The City of Belle Isle has 7,020 people living in 2,485 households.
There are 685 renters living in 204 renter households in this City. Renters make up 9.76 percent of the population living in Belle Isle.
What is the rental market like in Belle Isle, Florida?
There are an estimated 2,620 housing units in the Belle Isle area. Of these, 204 units are rental homes, making up 8 percent of the housing market. For every renter household in Belle Isle, Florida, there are 1 rental units.
What is the vacancy rate for rentals in Belle Isle?
The rental vacancy rate in Belle Isle 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 Belle Isle for each bedroom size?
Occupied Rental Units by Size in Belle Isle
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 16 | 60 | 45 | 83 |
Occupied Rental Units by Size in Belle Isle
A large number of apartments in Belle Isle 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 Belle Isle are overburdened by housing costs?
Among renter households in this market, 54 percent have housing cost burden. Further, 29 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 Belle Isle
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,558 to $2,849. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $1,558 |
| One BR | $1,638 |
| Two BR | $1,857 |
| Three BR | $2,362 |
| Four BR | $2,849 |
2024 Fair Market Rents in Belle Isle, Florida
How many units are rented at Fair Market Rent (FMR) in Belle Isle?
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 |
| One BR | 16 | 100 percent |
| Two BR | 60 | 100 percent |
Rental Units Below FMR in Belle Isle, Florida
How many affordable rental units are in Belle Isle?
Income Based Apartments in Belle Isle, Florida
Belle Isle 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 Belle Isle, Florida
There are 336 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Belle Isle.
Housing Choice Vouchers in Belle Isle, Florida
On average, Section 8 Housing Choice vouchers pay Belle Isle landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Belle Isle.
The maximum amount a voucher would pay on behalf of a low-income tenant in Belle Isle, Florida for a two-bedroom apartment is between $1,671 and $2,043.
Sourced from federal housing data and AffordableHousingOnline.com research.
