What HUD offices serve Fanning Springs, 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 Fanning Springs.
How many renters live in Fanning Springs, Florida?
The City of Fanning Springs has people living in households.
There are renters living in renter households in this City. Renters make up 16.97 percent of the population living in Fanning Springs.
What is the rental market like in Fanning Springs, Florida?
There are an estimated housing units in the Fanning Springs area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Fanning Springs, Florida, there are 1 rental units.
What is the vacancy rate for rentals in Fanning Springs?
The rental vacancy rate in Fanning Springs is 0 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 Fanning Springs for each bedroom size?
Occupied Rental Units by Size in Fanning Springs
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 14 | 34 | 17 | 7 |
Occupied Rental Units by Size in Fanning Springs
A large number of apartments in Fanning Springs 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 Fanning Springs
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,053 to $1,861. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $1,053 |
| One BR | $1,162 |
| Two BR | $1,397 |
| Three BR | $1,832 |
| Four BR | $1,861 |
2024 Fair Market Rents in Fanning Springs, Florida
How many units are rented at Fair Market Rent (FMR) in Fanning Springs?
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 | 0 | 100 percent |
| Two BR | 14 | 41 percent |
Rental Units Below FMR in Fanning Springs, Florida
How many affordable rental units are in Fanning Springs?
There are a variety of federal affordable housing programs serving households in Fanning Springs, Florida including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | |
| USDA Section 515 Rural Rental Housing |
Tracked Units by Federal Program in Fanning Springs, Florida
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Fanning Springs, Florida
Fanning Springs features 24 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 Fanning Springs, Florida
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Fanning Springs.
Housing Choice Vouchers in Fanning Springs, Florida
On average, Section 8 Housing Choice vouchers pay Fanning Springs landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Fanning Springs.
The maximum amount a voucher would pay on behalf of a low-income tenant in Fanning Springs, Florida for a two-bedroom apartment is between $815 and $996.
Sourced from federal housing data and AffordableHousingOnline.com research.