How many renters live in Polk City, Florida?
The City of Polk City has people living in households.
There are renters living in renter households in this City. Renters make up 8.71 percent of the population living in Polk City.
What is the rental market like in Polk City, Florida?
There are an estimated housing units in the Polk City area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Polk City, Florida, there are 1.05 rental units.
What is the vacancy rate for rentals in Polk City?
The rental vacancy rate in Polk City 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 Polk City for each bedroom size?
Occupied Rental Units by Size in Polk City
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 17 | 34 | 84 | 15 | 0 |
Occupied Rental Units by Size in Polk City
A large number of apartments in Polk City 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 Polk City
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 Polk City, Florida
How many units are rented at Fair Market Rent (FMR) in Polk City?
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 | 14 | 82 percent |
| One BR | 34 | 100 percent |
| Two BR | 60 | 71 percent |
Rental Units Below FMR in Polk City, Florida
How many affordable rental units are in Polk City?
Income Based Apartments in Polk City, Florida
Polk City features 35 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 Polk City, Florida
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Polk City.
Housing Choice Vouchers in Polk City, Florida
On average, Section 8 Housing Choice vouchers pay Polk City landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Polk City.
The maximum amount a voucher would pay on behalf of a low-income tenant in Polk City, Florida for a two-bedroom apartment is between $1,125 and $1,375.
Sourced from federal housing data and AffordableHousingOnline.com research.