How many renters live in Lynn Haven, Florida?
The City of Lynn Haven has 19,421 people living in 7,378 households.
There are 6,344 renters living in 2,346 renter households in this City. Renters make up 32.67 percent of the population living in Lynn Haven.
What is the rental market like in Lynn Haven, Florida?
There are an estimated 8,481 housing units in the Lynn Haven area. Of these, 2,443 units are rental homes, making up 29 percent of the housing market. For every renter household in Lynn Haven, Florida, there are 1 rental units.
What is the vacancy rate for rentals in Lynn Haven?
The rental vacancy rate in Lynn Haven is 2 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 Lynn Haven for each bedroom size?
Occupied Rental Units by Size in Lynn Haven
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 110 | 235 | 862 | 825 | 297 |
Occupied Rental Units by Size in Lynn Haven
A large number of apartments in Lynn Haven 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 Lynn Haven are overburdened by housing costs?
Among renter households in this market, 54 percent have housing cost burden. Further, 21 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 Lynn Haven
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,269 to $2,585. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $1,269 |
| One BR | $1,297 |
| Two BR | $1,523 |
| Three BR | $2,065 |
| Four BR | $2,585 |
2024 Fair Market Rents in Lynn Haven, Florida
How many units are rented at Fair Market Rent (FMR) in Lynn Haven?
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 | 65 | 59 percent |
| One BR | 76 | 32 percent |
| Two BR | 560 | 65 percent |
Rental Units Below FMR in Lynn Haven, Florida
How many affordable rental units are in Lynn Haven?
There are a variety of federal affordable housing programs serving households in Lynn Haven, Florida including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 324 |
Tracked Units by Federal Program in Lynn Haven, Florida
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Lynn Haven, Florida
Lynn Haven features 72 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 Lynn Haven, Florida
There are 528 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Lynn Haven.
Housing Choice Vouchers in Lynn Haven, Florida
On average, Section 8 Housing Choice vouchers pay Lynn Haven landlords $700 per month towards rent. The average voucher holder contributes $400 towards rent in Lynn Haven.
The maximum amount a voucher would pay on behalf of a low-income tenant in Lynn Haven, Florida for a two-bedroom apartment is between $1,371 and $1,675.
Sourced from federal housing data and AffordableHousingOnline.com research.
