How many renters live in Okeechobee County, Florida?
The County of Okeechobee County has people living in households.
There are renters living in renter households in this County. Renters make up 23.87 percent of the population living in Okeechobee County.
What is the rental market like in Okeechobee County, Florida?
There are an estimated housing units in the Okeechobee County area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Okeechobee County, Florida, there are 1.04 rental units.
What is the vacancy rate for rentals in Okeechobee County?
The rental vacancy rate in Okeechobee County is 4 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 Okeechobee County for each bedroom size?
Occupied Rental Units by Size in Okeechobee County
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 233 | 447 | 1,711 | 1,107 | 320 |
Occupied Rental Units by Size in Okeechobee County
A large number of apartments in Okeechobee County have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How many units are rented at Fair Market Rent (FMR) in Okeechobee 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 | 30 | 13 percent |
| One BR | 269 | 60 percent |
| Two BR | 925 | 54 percent |
Rental Units Below FMR in Okeechobee County, Florida
How many affordable rental units are in Okeechobee County?
There are a variety of federal affordable housing programs serving households in Okeechobee County, Florida including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | |
| USDA Section 515 Rural Rental Housing | |
| USDA Section 514 Farm Labor Housing |
Tracked Units by Federal Program in Okeechobee County, Florida
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Okeechobee County, Florida
Okeechobee County features 160 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 Okeechobee County, Florida
There are 95 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Okeechobee County.
Housing Choice Vouchers in Okeechobee County, Florida
On average, Section 8 Housing Choice vouchers pay Okeechobee County landlords $800 per month towards rent. The average voucher holder contributes $300 towards rent in Okeechobee County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Okeechobee County, Florida for a two-bedroom apartment is between $953 and $1,165.
Sourced from federal housing data and AffordableHousingOnline.com research.