What HUD offices serve Lake Mary, 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 Lake Mary.
How many renters live in Lake Mary, Florida?
The City of Lake Mary has people living in households.
There are renters living in renter households in this City. Renters make up 29.38 percent of the population living in Lake Mary.
What is the rental market like in Lake Mary, Florida?
There are an estimated housing units in the Lake Mary area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Lake Mary, Florida, there are 1.08 rental units.
What is the vacancy rate for rentals in Lake Mary?
The rental vacancy rate in Lake Mary 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 Lake Mary for each bedroom size?
Occupied Rental Units by Size in Lake Mary
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 38 | 730 | 672 | 346 | 273 |
Occupied Rental Units by Size in Lake Mary
A large number of apartments in Lake Mary 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 Lake Mary
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,558 to $2,849. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $1,558 |
| One BR | $1,638 |
| Two BR | $1,857 |
| Three BR | $2,362 |
| Four BR | $2,849 |
2024 Fair Market Rents in Lake Mary, Florida
How many units are rented at Fair Market Rent (FMR) in Lake Mary?
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 | 0 | 100 percent |
| One BR | 120 | 16 percent |
| Two BR | 131 | 19 percent |
Rental Units Below FMR in Lake Mary, Florida
How many affordable rental units are in Lake Mary?
Income Based Apartments in Lake Mary, Florida
Lake Mary 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 Lake Mary, Florida
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Lake Mary.
Housing Choice Vouchers in Lake Mary, Florida
On average, Section 8 Housing Choice vouchers pay Lake Mary landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Lake Mary.
The maximum amount a voucher would pay on behalf of a low-income tenant in Lake Mary, Florida for a two-bedroom apartment is between $1,671 and $2,043.
Sourced from federal housing data and AffordableHousingOnline.com research.
