How many renters live in Homeland, Florida?
The City of Homeland has 274 people living in 102 households.
There are 96 renters living in 36 renter households in this City. Renters make up 35.04 percent of the population living in Homeland.
What is the rental market like in Homeland, Florida?
There are an estimated 102 housing units in the Homeland area. Of these, 36 units are rental homes, making up 35 percent of the housing market. For every renter household in Homeland, Florida, there are 1 rental units.
What is the vacancy rate for rentals in Homeland?
The rental vacancy rate in Homeland 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 Homeland for each bedroom size?
Occupied Rental Units by Size in Homeland
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 0 | 19 | 17 | 0 |
Occupied Rental Units by Size in Homeland
A large number of apartments in Homeland 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 Homeland are overburdened by housing costs?
Among renter households in this market, 0 percent have housing cost burden. Further, 0 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 Homeland
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 Homeland, Florida
How many units are rented at Fair Market Rent (FMR) in Homeland?
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 |
| Two BR | 15 | 79 percent |
Rental Units Below FMR in Homeland, Florida
How many affordable rental units are in Homeland?
Income Based Apartments in Homeland, Florida
Homeland features 0 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 Homeland, Florida
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Homeland.
Housing Choice Vouchers in Homeland, Florida
On average, Section 8 Housing Choice vouchers pay Homeland landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Homeland.
The maximum amount a voucher would pay on behalf of a low-income tenant in Homeland, Florida for a two-bedroom apartment is between $1,125 and $1,375.
Sourced from federal housing data and AffordableHousingOnline.com research.
