What HUD offices serve Ormond Beach, 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 Ormond Beach.
How many renters live in Ormond Beach, Florida?
The City of Ormond Beach has 43,127 people living in 18,871 households.
There are 9,863 renters living in 4,520 renter households in this City. Renters make up 22.87 percent of the population living in Ormond Beach.
What is the rental market like in Ormond Beach, Florida?
There are an estimated 21,295 housing units in the Ormond Beach area. Of these, 4,779 units are rental homes, making up 22 percent of the housing market. For every renter household in Ormond Beach, Florida, there are 1 rental units.
What is the vacancy rate for rentals in Ormond Beach?
The rental vacancy rate in Ormond Beach is 5 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 Ormond Beach for each bedroom size?
Occupied Rental Units by Size in Ormond Beach
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 80 | 1,134 | 2,033 | 1,011 | 213 |
Occupied Rental Units by Size in Ormond Beach
A large number of apartments in Ormond Beach 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 Ormond Beach are overburdened by housing costs?
Among renter households in this market, 60 percent have housing cost burden. Further, 30 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 Ormond Beach
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $958 to $1,925. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $958 |
| One BR | $1,152 |
| Two BR | $1,413 |
| Three BR | $1,865 |
| Four BR | $1,925 |
2024 Fair Market Rents in Ormond Beach, Florida
How many units are rented at Fair Market Rent (FMR) in Ormond Beach?
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 | 39 | 49 percent |
| One BR | 667 | 59 percent |
| Two BR | 1,324 | 65 percent |
Rental Units Below FMR in Ormond Beach, Florida
How many affordable rental units are in Ormond Beach?
There are a variety of federal affordable housing programs serving households in Ormond Beach, Florida including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 184 |
| Public Housing | 41 |
| Section 8 Project-Based Rental Assistance | 26 |
| Section 202 Supportive Housing for the Elderly | 69 |
Tracked Units by Federal Program in Ormond Beach, Florida
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Ormond Beach, Florida
Ormond Beach features 137 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 Ormond Beach, Florida
There are 444 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Ormond Beach.
Housing Choice Vouchers in Ormond Beach, Florida
On average, Section 8 Housing Choice vouchers pay Ormond Beach landlords $700 per month towards rent. The average voucher holder contributes $400 towards rent in Ormond Beach.
The maximum amount a voucher would pay on behalf of a low-income tenant in Ormond Beach, Florida for a two-bedroom apartment is between $1,272 and $1,554.
Sourced from federal housing data and AffordableHousingOnline.com research.
