What HUD offices serve Pompano Beach, 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 Pompano Beach.
How many renters live in Pompano Beach, Florida?
The City of Pompano Beach has people living in households.
There are renters living in renter households in this City. Renters make up 41.46 percent of the population living in Pompano Beach.
What is the rental market like in Pompano Beach, Florida?
There are an estimated housing units in the Pompano Beach area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Pompano Beach, Florida, there are 1.16 rental units.
What is the vacancy rate for rentals in Pompano Beach?
The rental vacancy rate in Pompano Beach 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 Pompano Beach for each bedroom size?
Occupied Rental Units by Size in Pompano Beach
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms 1,674 6,379 9,567 3,202 756 Occupied Rental Units by Size in Pompano Beach
A large number of apartments in Pompano Beach 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 Pompano Beach
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,573 to $3,567. FMRs are updated annually by HUD for every city and county nationwide.
Bed Size 2024 Fair Market Rents Studio $1,573 One BR $1,692 Two BR $2,102 Three BR $2,916 Four BR $3,567 2024 Fair Market Rents in Pompano Beach, Florida
How many units are rented at Fair Market Rent (FMR) in Pompano Beach?
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 957 57 percent One BR 4,439 70 percent Two BR 3,820 40 percent Rental Units Below FMR in Pompano Beach, Florida
How many affordable rental units are in Pompano Beach?
There are a variety of federal affordable housing programs serving households in
Pompano Beach, Florida including the following: Rental units may be funded in part by multiple federal programs.Federal Program Unit Count Low Income Housing Tax Credit Public Housing Section 8 Project-Based Rental Assistance Section 202 Supportive Housing for the Elderly Tracked Units by Federal Program in Pompano Beach, Florida
Income Based Apartments in Pompano Beach, Florida
Pompano Beach features 346 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 Pompano Beach, Florida
There are 1,544 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Pompano Beach.
Housing Choice Vouchers in Pompano Beach, Florida
On average, Section 8 Housing Choice vouchers pay Pompano Beach landlords $1,100 per month towards rent. The average voucher holder contributes $400 towards rent in Pompano Beach.
The maximum amount a voucher would pay on behalf of a low-income tenant in Pompano Beach, Florida for a two-bedroom apartment is between $1,892 and $2,312.
Sourced from federal housing data and AffordableHousingOnline.com research.