What HUD offices serve Green Cove 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 Green Cove Springs.
How many renters live in Green Cove Springs, Florida?
The City of Green Cove Springs has 9,758 people living in 3,489 households.
There are 2,343 renters living in 814 renter households in this City. Renters make up 24.01 percent of the population living in Green Cove Springs.
What is the rental market like in Green Cove Springs, Florida?
There are an estimated 3,838 housing units in the Green Cove Springs area. Of these, 890 units are rental homes, making up 23 percent of the housing market. For every renter household in Green Cove Springs, Florida, there are 1 rental units.
What is the vacancy rate for rentals in Green Cove Springs?
The rental vacancy rate in Green Cove Springs 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 Springs for each bedroom size?
Occupied Rental Units by Size in Green Cove Springs
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 90 | 357 | 315 | 52 |
Occupied Rental Units by Size in Green Cove Springs
A large number of apartments in Green Cove Springs 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 Green Cove Springs are overburdened by housing costs?
Among renter households in this market, 37 percent have housing cost burden. Further, 14 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 Green Cove Springs
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 Springs, Florida
How many units are rented at Fair Market Rent (FMR) in Green Cove 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 | 90 | 100 percent |
| Two BR | 342 | 96 percent |
Rental Units Below FMR in Green Cove Springs, Florida
How many affordable rental units are in Green Cove Springs?
There are a variety of federal affordable housing programs serving households in Green Cove Springs, Florida including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 51 |
| Section 8 Project-Based Rental Assistance | 63 |
| USDA Section 515 Rural Rental Housing | 141 |
Tracked Units by Federal Program in Green Cove Springs, Florida
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Green Cove Springs, Florida
Green Cove Springs features 143 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 Springs, Florida
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Green Cove Springs.
Housing Choice Vouchers in Green Cove Springs, Florida
On average, Section 8 Housing Choice vouchers pay Green Cove Springs landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Green Cove Springs.
The maximum amount a voucher would pay on behalf of a low-income tenant in Green Cove Springs, Florida for a two-bedroom apartment is between $1,444 and $1,764.
Sourced from federal housing data and AffordableHousingOnline.com research.
