Low Income Apartments and Affordable Housing For Rent in Green Cove Spring, FL

Discover affordable housing in Green Cove Spring 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.

Pinewood

1000 Pinewood Court, Green Cove Spring, Florida 32043

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Green Cove Spring, Florida
$30.38/hour
$18.38 (+153%) more than Florida minimum wage and $23.13 (+319%) more than the Federal minimum wage.
Learn More About Green Cove Spring, Florida Affordable Housing ↓

What HUD offices serve Green Cove Spring, 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, Mainstream Voucher, Homeownership programs for Green Cove Spring, Florida.

Go to the Florida Public Housing and Low-Income Apartments Waiting Lists page for openings near Green Cove Spring.

How many renters live in Green Cove Spring, Florida?

The City of Green Cove Spring has 9,758 people living in 3,489 households.

There are 2,343 renters living in 814 renter households in this City. Renters make up 24.01 percent of the population living in Green Cove Spring.

What is the rental market like in Green Cove Spring, Florida?

There are an estimated 3,838 housing units in the Green Cove Spring area. Of these, 890 units are rental homes, making up 23 percent of the housing market. For every renter household in Green Cove Spring, Florida, there are 1 rental units.

What is the vacancy rate for rentals in Green Cove Spring?

The rental vacancy rate in Green Cove Spring 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 Green Cove Spring for each bedroom size?

Occupied Rental Units by Size in Green Cove Spring
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 90 357 315 52
Occupied Rental Units by Size in Green Cove Spring

A large number of apartments in Green Cove Spring 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 Green Cove Spring are overburdened by housing costs?

Among renter households in this market, 37 percent have housing cost burden. Further, 14 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 Green Cove Spring

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 Green Cove Spring, Florida

How many units are rented at Fair Market Rent (FMR) in Green Cove Spring?

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 90 100 percent
Two BR 342 96 percent
Rental Units Below FMR in Green Cove Spring, Florida

How many affordable rental units are in Green Cove Spring?

There are a variety of federal affordable housing programs serving households in Green Cove Spring, Florida including the following:

Federal Program Unit Count
Low Income Housing Tax Credit 51
Section 8 Project-Based Rental Assistance 63
USDA Section 515 Rural Rental Housing 141
Tracked Units by Federal Program in Green Cove Spring, Florida

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

Income Based Apartments in Green Cove Spring, Florida

Green Cove Spring features 54 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 Green Cove Spring, Florida

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

Housing Choice Vouchers in Green Cove Spring, Florida

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Green Cove Spring, Florida for a two-bedroom apartment is between $1,444 and $1,764.

Sourced from federal housing data and AffordableHousingOnline.com research.