How many renters live in Indiantown, Florida?
The City of Indiantown has people living in households.
There are renters living in renter households in this City. Renters make up 25.51 percent of the population living in Indiantown.
What is the rental market like in Indiantown, Florida?
There are an estimated housing units in the Indiantown area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Indiantown, Florida, there are 1 rental units.
What is the vacancy rate for rentals in Indiantown?
The rental vacancy rate in Indiantown 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 Indiantown for each bedroom size?
Occupied Rental Units by Size in Indiantown
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 0 | 216 | 16 | 184 |
Occupied Rental Units by Size in Indiantown
A large number of apartments in Indiantown 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 Indiantown
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,278 to $2,433. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $1,278 |
| One BR | $1,286 |
| Two BR | $1,573 |
| Three BR | $2,175 |
| Four BR | $2,433 |
2024 Fair Market Rents in Indiantown, Florida
How many units are rented at Fair Market Rent (FMR) in Indiantown?
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 | 185 | 86 percent |
Rental Units Below FMR in Indiantown, Florida
How many affordable rental units are in Indiantown?
There are a variety of federal affordable housing programs serving households in Indiantown, Florida including the following:
| Federal Program | Unit Count |
| USDA Section 515 Rural Rental Housing |
Tracked Units by Federal Program in Indiantown, Florida
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Indiantown, Florida
Indiantown features 197 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 Indiantown, Florida
There are 27 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Indiantown.
Housing Choice Vouchers in Indiantown, Florida
On average, Section 8 Housing Choice vouchers pay Indiantown landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Indiantown.
The maximum amount a voucher would pay on behalf of a low-income tenant in Indiantown, Florida for a two-bedroom apartment is between $1,416 and $1,730.
Sourced from federal housing data and AffordableHousingOnline.com research.