How many renters live in Gadsden County, Florida?
The County of Gadsden County has 43,746 people living in 15,885 households.
There are 10,334 renters living in 4,157 renter households in this County. Renters make up 23.62 percent of the population living in Gadsden County.
What is the rental market like in Gadsden County, Florida?
There are an estimated 18,946 housing units in the Gadsden County area. Of these, 4,416 units are rental homes, making up 23 percent of the housing market. For every renter household in Gadsden County, Florida, there are 1 rental units.
What is the vacancy rate for rentals in Gadsden County?
The rental vacancy rate in Gadsden 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 Gadsden County for each bedroom size?
Occupied Rental Units by Size in Gadsden County
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 407 | 1,678 | 1,595 | 450 |
Occupied Rental Units by Size in Gadsden County
A large number of apartments in Gadsden County 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 Gadsden County are overburdened by housing costs?
Among renter households in this market, 38 percent have housing cost burden. Further, 20 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 Gadsden County
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,062 to $1,903. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $1,062 |
| One BR | $1,183 |
| Two BR | $1,339 |
| Three BR | $1,708 |
| Four BR | $1,903 |
2024 Fair Market Rents in Gadsden County, Florida
How many units are rented at Fair Market Rent (FMR) in Gadsden 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 |
| One BR | 356 | 87 percent |
| Two BR | 1,242 | 74 percent |
Rental Units Below FMR in Gadsden County, Florida
How many affordable rental units are in Gadsden County?
There are a variety of federal affordable housing programs serving households in Gadsden County, Florida including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 390 |
| Public Housing | 14 |
| Section 8 Project-Based Rental Assistance | 402 |
| USDA Section 515 Rural Rental Housing | 233 |
| USDA Section 514 Farm Labor Housing | 187 |
Tracked Units by Federal Program in Gadsden County, Florida
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Gadsden County, Florida
Gadsden County features 714 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 Gadsden County, Florida
There are 120 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Gadsden County.
Housing Choice Vouchers in Gadsden County, Florida
On average, Section 8 Housing Choice vouchers pay Gadsden County landlords $600 per month towards rent. The average voucher holder contributes $300 towards rent in Gadsden County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Gadsden County, Florida for a two-bedroom apartment is between $1,205 and $1,473.
Sourced from federal housing data and AffordableHousingOnline.com research.
