How many renters live in Wewahitchka, Florida?
The City of Wewahitchka has 1,668 people living in 739 households.
There are 508 renters living in 250 renter households in this City. Renters make up 30.46 percent of the population living in Wewahitchka.
What is the rental market like in Wewahitchka, Florida?
There are an estimated 1,023 housing units in the Wewahitchka area. Of these, 300 units are rental homes, making up 29 percent of the housing market. For every renter household in Wewahitchka, Florida, there are 1 rental units.
What is the vacancy rate for rentals in Wewahitchka?
The rental vacancy rate in Wewahitchka is 13 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 Wewahitchka for each bedroom size?
Occupied Rental Units by Size in Wewahitchka
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 11 | 21 | 126 | 77 | 0 |
Occupied Rental Units by Size in Wewahitchka
A large number of apartments in Wewahitchka 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 Wewahitchka are overburdened by housing costs?
Among renter households in this market, 39 percent have housing cost burden. Further, 16 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 Wewahitchka
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,016 to $1,790. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $1,016 |
| One BR | $1,023 |
| Two BR | $1,344 |
| Three BR | $1,625 |
| Four BR | $1,790 |
2024 Fair Market Rents in Wewahitchka, Florida
How many units are rented at Fair Market Rent (FMR) in Wewahitchka?
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 | 11 | 100 percent |
| One BR | 21 | 100 percent |
| Two BR | 82 | 65 percent |
Rental Units Below FMR in Wewahitchka, Florida
How many affordable rental units are in Wewahitchka?
There are a variety of federal affordable housing programs serving households in Wewahitchka, Florida including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 23 |
| Public Housing | 37 |
| USDA Section 515 Rural Rental Housing | 24 |
Tracked Units by Federal Program in Wewahitchka, Florida
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Wewahitchka, Florida
Wewahitchka features 74 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 Wewahitchka, Florida
There are 23 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Wewahitchka.
Housing Choice Vouchers in Wewahitchka, Florida
On average, Section 8 Housing Choice vouchers pay Wewahitchka landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Wewahitchka.
The maximum amount a voucher would pay on behalf of a low-income tenant in Wewahitchka, Florida for a two-bedroom apartment is between $1,210 and $1,478.
Sourced from federal housing data and AffordableHousingOnline.com research.
