What HUD offices serve Hillsborough County, 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 Hillsborough County.
How many renters live in Hillsborough County, Florida?
The County of Hillsborough County has people living in households.
There are renters living in renter households in this County. Renters make up 35.81 percent of the population living in Hillsborough County.
What is the rental market like in Hillsborough County, Florida?
There are an estimated housing units in the Hillsborough County area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Hillsborough County, Florida, there are 1.09 rental units.
What is the vacancy rate for rentals in Hillsborough County?
The rental vacancy rate in Hillsborough County is 7 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 Hillsborough County for each bedroom size?
Occupied Rental Units by Size in Hillsborough County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms 12,671 54,457 85,565 52,738 17,949 Occupied Rental Units by Size in Hillsborough County
A large number of apartments in Hillsborough County 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 Hillsborough County
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,449 to $2,888. FMRs are updated annually by HUD for every city and county nationwide.
Bed Size 2024 Fair Market Rents Studio $1,449 One BR $1,562 Two BR $1,851 Three BR $2,367 Four BR $2,888 2024 Fair Market Rents in Hillsborough County, Florida
How many units are rented at Fair Market Rent (FMR) in Hillsborough 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 Studio 7,345 58 percent One BR 35,620 65 percent Two BR 39,512 46 percent Rental Units Below FMR in Hillsborough County, Florida
How many affordable rental units are in Hillsborough County?
There are a variety of federal affordable housing programs serving households in
Hillsborough County, Florida including the following: Rental units may be funded in part by multiple federal programs.Federal Program Unit Count Low Income Housing Tax Credit Public Housing Section 8 Project-Based Rental Assistance Section 202 Supportive Housing for the Elderly Section 811 Supportive Housing for Persons with Disabilities USDA Section 515 Rural Rental Housing USDA Section 514 Farm Labor Housing Tracked Units by Federal Program in Hillsborough County, Florida
Income Based Apartments in Hillsborough County, Florida
Hillsborough County features 8,619 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 Hillsborough County, Florida
There are 13,821 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Hillsborough County.
Housing Choice Vouchers in Hillsborough County, Florida
On average, Section 8 Housing Choice vouchers pay Hillsborough County landlords $800 per month towards rent. The average voucher holder contributes $400 towards rent in Hillsborough County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Hillsborough County, Florida for a two-bedroom apartment is between $1,666 and $2,036.
Sourced from federal housing data and AffordableHousingOnline.com research.