How many renters live in Callahan, Florida?
The City of Callahan has 1,469 people living in 611 households.
There are 478 renters living in 230 renter households in this City. Renters make up 32.54 percent of the population living in Callahan.
What is the rental market like in Callahan, Florida?
There are an estimated 648 housing units in the Callahan area. Of these, 244 units are rental homes, making up 38 percent of the housing market. For every renter household in Callahan, Florida, there are 1 rental units.
What is the vacancy rate for rentals in Callahan?
The rental vacancy rate in Callahan is 3 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 Callahan for each bedroom size?
Occupied Rental Units by Size in Callahan
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 59 | 130 | 38 | 3 |
Occupied Rental Units by Size in Callahan
A large number of apartments in Callahan 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 Callahan are overburdened by housing costs?
Among renter households in this market, 55 percent have housing cost burden. Further, 17 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 Callahan
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,240 to $2,579. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $1,240 |
| One BR | $1,354 |
| Two BR | $1,604 |
| Three BR | $2,027 |
| Four BR | $2,579 |
2024 Fair Market Rents in Callahan, Florida
How many units are rented at Fair Market Rent (FMR) in Callahan?
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 |
| One BR | 59 | 100 percent |
| Two BR | 123 | 95 percent |
Rental Units Below FMR in Callahan, Florida
How many affordable rental units are in Callahan?
There are a variety of federal affordable housing programs serving households in Callahan, Florida including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 103 |
| Section 8 Project-Based Rental Assistance | 1 |
| USDA Section 515 Rural Rental Housing | 131 |
Tracked Units by Federal Program in Callahan, Florida
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Callahan, Florida
Callahan features 68 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 Callahan, Florida
There are 40 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Callahan.
Housing Choice Vouchers in Callahan, Florida
On average, Section 8 Housing Choice vouchers pay Callahan landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Callahan.
The maximum amount a voucher would pay on behalf of a low-income tenant in Callahan, Florida for a two-bedroom apartment is between $1,444 and $1,764.
Sourced from federal housing data and AffordableHousingOnline.com research.
