How many renters live in Gulf Breeze, Florida?
The City of Gulf Breeze has 6,372 people living in 2,668 households.
There are 917 renters living in 602 renter households in this City. Renters make up 14.39 percent of the population living in Gulf Breeze.
What is the rental market like in Gulf Breeze, Florida?
There are an estimated 2,970 housing units in the Gulf Breeze area. Of these, 644 units are rental homes, making up 22 percent of the housing market. For every renter household in Gulf Breeze, Florida, there are 1 rental units.
What is the vacancy rate for rentals in Gulf Breeze?
The rental vacancy rate in Gulf Breeze is 7 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 Gulf Breeze for each bedroom size?
Occupied Rental Units by Size in Gulf Breeze
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 81 | 13 | 354 | 143 | 0 |
Occupied Rental Units by Size in Gulf Breeze
A large number of apartments in Gulf Breeze 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 Gulf Breeze are overburdened by housing costs?
Among renter households in this market, 76 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 Gulf Breeze
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,048 to $2,167. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $1,048 |
| One BR | $1,098 |
| Two BR | $1,278 |
| Three BR | $1,747 |
| Four BR | $2,167 |
2024 Fair Market Rents in Gulf Breeze, Florida
How many units are rented at Fair Market Rent (FMR) in Gulf Breeze?
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 | 5 percent |
| One BR | 0 | 100 percent |
| Two BR | 152 | 43 percent |
Rental Units Below FMR in Gulf Breeze, Florida
How many affordable rental units are in Gulf Breeze?
Income Based Apartments in Gulf Breeze, Florida
Gulf Breeze features 46 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 Gulf Breeze, Florida
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Gulf Breeze.
Housing Choice Vouchers in Gulf Breeze, Florida
On average, Section 8 Housing Choice vouchers pay Gulf Breeze landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Gulf Breeze.
The maximum amount a voucher would pay on behalf of a low-income tenant in Gulf Breeze, Florida for a two-bedroom apartment is between $1,150 and $1,406.
Sourced from federal housing data and AffordableHousingOnline.com research.
