What HUD offices serve Green Cove Spring, 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 Green Cove Spring.
How many renters live in Green Cove Spring, Florida?
The City of Green Cove Spring has people living in households.
There are renters living in renter households in this City. Renters make up 24.01 percent of the population living in Green Cove Spring.
What is the rental market like in Green Cove Spring, Florida?
There are an estimated housing units in the Green Cove Spring area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Green Cove Spring, Florida, there are 1.09 rental units.
What is the vacancy rate for rentals in Green Cove Spring?
The rental vacancy rate in Green Cove Spring is 9 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 Green Cove Spring for each bedroom size?
Occupied Rental Units by Size in Green Cove Spring
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 90 | 357 | 315 | 52 |
Occupied Rental Units by Size in Green Cove Spring
A large number of apartments in Green Cove Spring 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 Green Cove Spring
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 Green Cove Spring, Florida
How many units are rented at Fair Market Rent (FMR) in Green Cove Spring?
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 | 90 | 100 percent |
| Two BR | 342 | 96 percent |
Rental Units Below FMR in Green Cove Spring, Florida
How many affordable rental units are in Green Cove Spring?
There are a variety of federal affordable housing programs serving households in Green Cove Spring, Florida including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | |
| Section 8 Project-Based Rental Assistance | |
| USDA Section 515 Rural Rental Housing |
Tracked Units by Federal Program in Green Cove Spring, Florida
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Green Cove Spring, Florida
Green Cove Spring features 54 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 Green Cove Spring, Florida
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Green Cove Spring.
Housing Choice Vouchers in Green Cove Spring, Florida
On average, Section 8 Housing Choice vouchers pay Green Cove Spring landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Green Cove Spring.
The maximum amount a voucher would pay on behalf of a low-income tenant in Green Cove Spring, Florida for a two-bedroom apartment is between $1,444 and $1,764.
Sourced from federal housing data and AffordableHousingOnline.com research.