Low Income Apartments and Affordable Housing For Rent in Fanning Springs, FL

Discover affordable housing in Fanning Springs where there are 1+ housing opportunities based on income and household needs like accessible units for seniors or persons with disabilities. Find and apply to these low income apartments now.

Suwannee River Villas

17536 NW 90th Court, Fanning Springs, Florida 32693

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Fanning Springs, Florida
$17.14/hour
$5.14 (+43%) more than Florida minimum wage and $9.89 (+136%) more than the Federal minimum wage.
Learn More About Fanning Springs, Florida Affordable Housing ↓

What HUD offices serve Fanning Springs, 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.

Operates the Section 8 Housing Choice Voucher (HCV), Public Housing programs for Fanning Springs, Florida.
Operates the Public Housing programs for Fanning Springs, Florida.

Go to the Florida Public Housing and Low-Income Apartments Waiting Lists page for openings near Fanning Springs.

How many renters live in Fanning Springs, Florida?

The City of Fanning Springs has 1,114 people living in 452 households.

There are 189 renters living in 72 renter households in this City. Renters make up 16.97 percent of the population living in Fanning Springs.

What is the rental market like in Fanning Springs, Florida?

There are an estimated 515 housing units in the Fanning Springs area. Of these, 72 units are rental homes, making up 14 percent of the housing market. For every renter household in Fanning Springs, Florida, there are 1 rental units.

What is the vacancy rate for rentals in Fanning Springs?

The rental vacancy rate in Fanning Springs 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 Fanning Springs for each bedroom size?

Occupied Rental Units by Size in Fanning Springs
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 14 34 17 7
Occupied Rental Units by Size in Fanning Springs

A large number of apartments in Fanning Springs 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 Fanning Springs are overburdened by housing costs?

Among renter households in this market, 69 percent have housing cost burden. Further, 24 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 Fanning Springs

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,053 to $1,861. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,053
One BR $1,162
Two BR $1,397
Three BR $1,832
Four BR $1,861
2024 Fair Market Rents in Fanning Springs, Florida

How many units are rented at Fair Market Rent (FMR) in Fanning Springs?

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 0 100 percent
Two BR 14 41 percent
Rental Units Below FMR in Fanning Springs, Florida

How many affordable rental units are in Fanning Springs?

There are a variety of federal affordable housing programs serving households in Fanning Springs, Florida including the following:

Federal Program Unit Count
Low Income Housing Tax Credit 23
USDA Section 515 Rural Rental Housing 24
Tracked Units by Federal Program in Fanning Springs, Florida

Rental units may be funded in part by multiple federal programs.

Income Based Apartments in Fanning Springs, Florida

Fanning Springs features 24 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 Fanning Springs, Florida

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Fanning Springs.

Housing Choice Vouchers in Fanning Springs, Florida

On average, Section 8 Housing Choice vouchers pay Fanning Springs landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Fanning Springs.

The maximum amount a voucher would pay on behalf of a low-income tenant in Fanning Springs, Florida for a two-bedroom apartment is between $815 and $996.

Sourced from federal housing data and AffordableHousingOnline.com research.