What HUD offices serve Wesley Chapel, 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 Wesley Chapel.
How many renters live in Wesley Chapel, Florida?
The City of Wesley Chapel has 81,390 people living in 27,725 households.
There are 23,324 renters living in 7,498 renter households in this City. Renters make up 28.66 percent of the population living in Wesley Chapel.
What is the rental market like in Wesley Chapel, Florida?
There are an estimated 24,520 housing units in the Wesley Chapel area. Of these, 6,216 units are rental homes, making up 25 percent of the housing market. For every renter household in Wesley Chapel, Florida, there are 1 rental units.
What is the vacancy rate for rentals in Wesley Chapel?
The rental vacancy rate in Wesley Chapel 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 Wesley Chapel for each bedroom size?
Occupied Rental Units by Size in Wesley Chapel
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 54 | 658 | 1,829 | 1,824 | 1,249 |
Occupied Rental Units by Size in Wesley Chapel
A large number of apartments in Wesley Chapel 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 Wesley Chapel are overburdened by housing costs?
Among renter households in this market, 48 percent have housing cost burden. Further, 12 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 Wesley Chapel
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 Wesley Chapel, Florida
How many units are rented at Fair Market Rent (FMR) in Wesley Chapel?
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 | 37 | 69 percent |
| One BR | 406 | 62 percent |
| Two BR | 447 | 24 percent |
Rental Units Below FMR in Wesley Chapel, Florida
How many affordable rental units are in Wesley Chapel?
Income Based Apartments in Wesley Chapel, Florida
Wesley Chapel 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 Wesley Chapel, Florida
There are 200 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Wesley Chapel.
Housing Choice Vouchers in Wesley Chapel, Florida
On average, Section 8 Housing Choice vouchers pay Wesley Chapel landlords $700 per month towards rent. The average voucher holder contributes $400 towards rent in Wesley Chapel.
The maximum amount a voucher would pay on behalf of a low-income tenant in Wesley Chapel, Florida for a two-bedroom apartment is between $1,666 and $2,036.
Sourced from federal housing data and AffordableHousingOnline.com research.
