What HUD offices serve Riverview, 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 Riverview.
How many renters live in Riverview, Florida?
The City of Riverview has 114,454 people living in 38,803 households.
There are 29,019 renters living in 9,971 renter households in this City. Renters make up 25.35 percent of the population living in Riverview.
What is the rental market like in Riverview, Florida?
There are an estimated 38,532 housing units in the Riverview area. Of these, 10,913 units are rental homes, making up 28 percent of the housing market. For every renter household in Riverview, Florida, there are 1 rental units.
What is the vacancy rate for rentals in Riverview?
The rental vacancy rate in Riverview 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 Riverview for each bedroom size?
Occupied Rental Units by Size in Riverview
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 104 | 656 | 2,254 | 4,132 | 2,303 |
Occupied Rental Units by Size in Riverview
A large number of apartments in Riverview 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 Riverview are overburdened by housing costs?
Among renter households in this market, 54 percent have housing cost burden. Further, 33 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 Riverview
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,449 to $2,888. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $1,449 |
| One BR | $1,562 |
| Two BR | $1,851 |
| Three BR | $2,367 |
| Four BR | $2,888 |
2024 Fair Market Rents in Riverview, Florida
How many units are rented at Fair Market Rent (FMR) in Riverview?
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 | 61 | 59 percent |
| One BR | 385 | 59 percent |
| Two BR | 1,132 | 50 percent |
Rental Units Below FMR in Riverview, Florida
How many affordable rental units are in Riverview?
There are a variety of federal affordable housing programs serving households in Riverview, Florida including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 1,014 |
Tracked Units by Federal Program in Riverview, Florida
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Riverview, Florida
Riverview features 0 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 Riverview, Florida
There are 1,476 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Riverview.
Housing Choice Vouchers in Riverview, Florida
On average, Section 8 Housing Choice vouchers pay Riverview landlords $700 per month towards rent. The average voucher holder contributes $600 towards rent in Riverview.
The maximum amount a voucher would pay on behalf of a low-income tenant in Riverview, Florida for a two-bedroom apartment is between $1,666 and $2,036.
Sourced from federal housing data and AffordableHousingOnline.com research.
