How many renters live in Frostproof, Florida?
The City of Frostproof has 2,946 people living in 1,151 households.
There are 924 renters living in 352 renter households in this City. Renters make up 31.36 percent of the population living in Frostproof.
What is the rental market like in Frostproof, Florida?
There are an estimated 1,730 housing units in the Frostproof area. Of these, 352 units are rental homes, making up 20 percent of the housing market. For every renter household in Frostproof, Florida, there are 1 rental units.
What is the vacancy rate for rentals in Frostproof?
The rental vacancy rate in Frostproof 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 Frostproof for each bedroom size?
Occupied Rental Units by Size in Frostproof
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 123 | 186 | 16 | 27 |
Occupied Rental Units by Size in Frostproof
A large number of apartments in Frostproof 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 Frostproof are overburdened by housing costs?
Among renter households in this market, 37 percent have housing cost burden. Further, 23 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 Frostproof
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,006 to $2,121. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $1,006 |
| One BR | $1,012 |
| Two BR | $1,250 |
| Three BR | $1,679 |
| Four BR | $2,121 |
2024 Fair Market Rents in Frostproof, Florida
How many units are rented at Fair Market Rent (FMR) in Frostproof?
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 | 114 | 93 percent |
| Two BR | 147 | 79 percent |
Rental Units Below FMR in Frostproof, Florida
How many affordable rental units are in Frostproof?
There are a variety of federal affordable housing programs serving households in Frostproof, Florida including the following:
| Federal Program | Unit Count |
| USDA Section 515 Rural Rental Housing | 171 |
Tracked Units by Federal Program in Frostproof, Florida
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Frostproof, Florida
Frostproof features 101 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 Frostproof, Florida
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Frostproof.
Housing Choice Vouchers in Frostproof, Florida
On average, Section 8 Housing Choice vouchers pay Frostproof landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Frostproof.
The maximum amount a voucher would pay on behalf of a low-income tenant in Frostproof, Florida for a two-bedroom apartment is between $1,125 and $1,375.
Sourced from federal housing data and AffordableHousingOnline.com research.
