What HUD offices serve Boca Raton, 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 Boca Raton.
How many renters live in Boca Raton, Florida?
The City of Boca Raton has 98,997 people living in 40,668 households.
There are 30,736 renters living in 15,052 renter households in this City. Renters make up 31.05 percent of the population living in Boca Raton.
What is the rental market like in Boca Raton, Florida?
There are an estimated 50,080 housing units in the Boca Raton area. Of these, 15,984 units are rental homes, making up 32 percent of the housing market. For every renter household in Boca Raton, Florida, there are 1 rental units.
What is the vacancy rate for rentals in Boca Raton?
The rental vacancy rate in Boca Raton is 9 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 Boca Raton for each bedroom size?
Occupied Rental Units by Size in Boca Raton
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 702 | 3,844 | 6,709 | 2,636 | 310 |
Occupied Rental Units by Size in Boca Raton
A large number of apartments in Boca Raton 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 Boca Raton are overburdened by housing costs?
Among renter households in this market, 56 percent have housing cost burden. Further, 31 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 Boca Raton
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,573 to $3,556. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $1,573 |
| One BR | $1,851 |
| Two BR | $2,226 |
| Three BR | $2,942 |
| Four BR | $3,556 |
2024 Fair Market Rents in Boca Raton, Florida
How many units are rented at Fair Market Rent (FMR) in Boca Raton?
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 | 221 | 31 percent |
| One BR | 874 | 23 percent |
| Two BR | 834 | 12 percent |
Rental Units Below FMR in Boca Raton, Florida
How many affordable rental units are in Boca Raton?
There are a variety of federal affordable housing programs serving households in Boca Raton, Florida including the following:
| Federal Program | Unit Count |
| Public Housing | 95 |
| Section 8 Project-Based Rental Assistance | 1 |
Tracked Units by Federal Program in Boca Raton, Florida
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Boca Raton, Florida
Boca Raton features 301 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 Boca Raton, Florida
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Boca Raton.
Housing Choice Vouchers in Boca Raton, Florida
On average, Section 8 Housing Choice vouchers pay Boca Raton landlords $1,100 per month towards rent. The average voucher holder contributes $400 towards rent in Boca Raton.
The maximum amount a voucher would pay on behalf of a low-income tenant in Boca Raton, Florida for a two-bedroom apartment is between $2,003 and $2,449.
Sourced from federal housing data and AffordableHousingOnline.com research.
