What HUD offices serve Coconut Creek, 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 Coconut Creek.
How many renters live in Coconut Creek, Florida?
The City of Coconut Creek has 57,574 people living in 23,696 households.
There are 20,476 renters living in 8,145 renter households in this City. Renters make up 35.56 percent of the population living in Coconut Creek.
What is the rental market like in Coconut Creek, Florida?
There are an estimated 26,950 housing units in the Coconut Creek area. Of these, 8,897 units are rental homes, making up 33 percent of the housing market. For every renter household in Coconut Creek, Florida, there are 1 rental units.
What is the vacancy rate for rentals in Coconut Creek?
The rental vacancy rate in Coconut Creek 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 Coconut Creek for each bedroom size?
Occupied Rental Units by Size in Coconut Creek
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 284 | 1,502 | 3,920 | 1,905 | 500 |
Occupied Rental Units by Size in Coconut Creek
A large number of apartments in Coconut Creek 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 Coconut Creek are overburdened by housing costs?
Among renter households in this market, 50 percent have housing cost burden. Further, 22 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 Coconut Creek
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,573 to $3,567. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $1,573 |
| One BR | $1,692 |
| Two BR | $2,102 |
| Three BR | $2,916 |
| Four BR | $3,567 |
2024 Fair Market Rents in Coconut Creek, Florida
How many units are rented at Fair Market Rent (FMR) in Coconut Creek?
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 | 24 | 8 percent |
| One BR | 385 | 26 percent |
| Two BR | 740 | 19 percent |
Rental Units Below FMR in Coconut Creek, Florida
How many affordable rental units are in Coconut Creek?
There are a variety of federal affordable housing programs serving households in Coconut Creek, Florida including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 300 |
| Section 8 Project-Based Rental Assistance | 1 |
Tracked Units by Federal Program in Coconut Creek, Florida
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Coconut Creek, Florida
Coconut Creek 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 Coconut Creek, Florida
There are 600 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Coconut Creek.
Housing Choice Vouchers in Coconut Creek, Florida
On average, Section 8 Housing Choice vouchers pay Coconut Creek landlords $1,200 per month towards rent. The average voucher holder contributes $500 towards rent in Coconut Creek.
The maximum amount a voucher would pay on behalf of a low-income tenant in Coconut Creek, Florida for a two-bedroom apartment is between $1,892 and $2,312.
Sourced from federal housing data and AffordableHousingOnline.com research.
