What HUD offices serve Indian River 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 Indian River County.
How many renters live in Indian River County, Florida?
The County of Indian River County has people living in households.
There are renters living in renter households in this County. Renters make up 19.1 percent of the population living in Indian River County.
What is the rental market like in Indian River County, Florida?
There are an estimated housing units in the Indian River County area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Indian River County, Florida, there are 1.15 rental units.
What is the vacancy rate for rentals in Indian River County?
The rental vacancy rate in Indian River County is 17 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 Indian River County for each bedroom size?
Occupied Rental Units by Size in Indian River County
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 494 | 2,418 | 5,331 | 4,166 | 540 |
Occupied Rental Units by Size in Indian River County
A large number of apartments in Indian River 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 Indian River County
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $991 to $2,481. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $991 |
| One BR | $1,195 |
| Two BR | $1,462 |
| Three BR | $1,844 |
| Four BR | $2,481 |
2024 Fair Market Rents in Indian River County, Florida
How many units are rented at Fair Market Rent (FMR) in Indian River 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 | 374 | 76 percent |
| One BR | 1,589 | 66 percent |
| Two BR | 3,525 | 66 percent |
Rental Units Below FMR in Indian River County, Florida
How many affordable rental units are in Indian River County?
There are a variety of federal affordable housing programs serving households in Indian River County, Florida including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | |
| 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 Indian River County, Florida
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Indian River County, Florida
Indian River County features 677 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 Indian River County, Florida
There are 2,675 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Indian River County.
Housing Choice Vouchers in Indian River County, Florida
On average, Section 8 Housing Choice vouchers pay Indian River County landlords $600 per month towards rent. The average voucher holder contributes $300 towards rent in Indian River County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Indian River County, Florida for a two-bedroom apartment is between $1,316 and $1,608.
Sourced from federal housing data and AffordableHousingOnline.com research.