How many renters live in DeSoto County, Florida?
The County of DeSoto County has people living in households.
There are renters living in renter households in this County. Renters make up 24.81 percent of the population living in DeSoto County.
What is the rental market like in DeSoto County, Florida?
There are an estimated housing units in the DeSoto County area. Of these, units are rental homes, making up percent of the housing market. For every renter household in DeSoto County, Florida, there are 1.08 rental units.
What is the vacancy rate for rentals in DeSoto County?
The rental vacancy rate in DeSoto County is 5 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 DeSoto County for each bedroom size?
Occupied Rental Units by Size in DeSoto County
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 189 | 717 | 1,306 | 1,128 | 216 |
Occupied Rental Units by Size in DeSoto County
A large number of apartments in DeSoto County have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How Much Is Rent in DeSoto County
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $785 to $1,205. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $785 |
| One BR | $800 |
| Two BR | $905 |
| Three BR | $1,201 |
| Four BR | $1,205 |
2024 Fair Market Rents in DeSoto County, Florida
How many units are rented at Fair Market Rent (FMR) in DeSoto County?
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 | 136 | 72 percent |
| One BR | 397 | 55 percent |
| Two BR | 774 | 59 percent |
Rental Units Below FMR in DeSoto County, Florida
How many affordable rental units are in DeSoto County?
There are a variety of federal affordable housing programs serving households in DeSoto County, Florida including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | |
| Public Housing | |
| Section 8 Project-Based Rental Assistance | |
| USDA Section 515 Rural Rental Housing | |
| USDA Section 514 Farm Labor Housing |
Tracked Units by Federal Program in DeSoto County, Florida
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in DeSoto County, Florida
DeSoto County features 336 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 DeSoto County, Florida
There are 417 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in DeSoto County.
Housing Choice Vouchers in DeSoto County, Florida
On average, Section 8 Housing Choice vouchers pay DeSoto County landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in DeSoto County.
The maximum amount a voucher would pay on behalf of a low-income tenant in DeSoto County, Florida for a two-bedroom apartment is between $815 and $996.
Sourced from federal housing data and AffordableHousingOnline.com research.