What HUD offices serve Port Charlotte, 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 Port Charlotte.
How many renters live in Port Charlotte, Florida?
The City of Port Charlotte has 69,625 people living in 26,788 households.
There are 14,422 renters living in 4,487 renter households in this City. Renters make up 20.71 percent of the population living in Port Charlotte.
What is the rental market like in Port Charlotte, Florida?
There are an estimated 31,529 housing units in the Port Charlotte area. Of these, 5,613 units are rental homes, making up 18 percent of the housing market. For every renter household in Port Charlotte, Florida, there are 1 rental units.
What is the vacancy rate for rentals in Port Charlotte?
The rental vacancy rate in Port Charlotte is 10 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 Port Charlotte for each bedroom size?
Occupied Rental Units by Size in Port Charlotte
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 360 | 784 | 1,881 | 1,789 | 141 |
Occupied Rental Units by Size in Port Charlotte
A large number of apartments in Port Charlotte have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How many renter households in Port Charlotte are overburdened by housing costs?
Among renter households in this market, 50 percent have housing cost burden. Further, 20 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.
The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.
How Much Is Rent in Port Charlotte
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,089 to $2,306. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $1,089 |
| One BR | $1,121 |
| Two BR | $1,380 |
| Three BR | $1,945 |
| Four BR | $2,306 |
2024 Fair Market Rents in Port Charlotte, Florida
How many units are rented at Fair Market Rent (FMR) in Port Charlotte?
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 | 41 | 11 percent |
| One BR | 604 | 77 percent |
| Two BR | 1,246 | 66 percent |
Rental Units Below FMR in Port Charlotte, Florida
How many affordable rental units are in Port Charlotte?
There are a variety of federal affordable housing programs serving households in Port Charlotte, Florida including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 264 |
| Section 8 Project-Based Rental Assistance | 145 |
| Section 202 Supportive Housing for the Elderly | 1 |
| Section 811 Supportive Housing for Persons with Disabilities | 14 |
| USDA Section 515 Rural Rental Housing | 70 |
Tracked Units by Federal Program in Port Charlotte, Florida
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Port Charlotte, Florida
Port Charlotte features 188 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 Port Charlotte, Florida
There are 392 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Port Charlotte.
Housing Choice Vouchers in Port Charlotte, Florida
On average, Section 8 Housing Choice vouchers pay Port Charlotte landlords $800 per month towards rent. The average voucher holder contributes $400 towards rent in Port Charlotte.
The maximum amount a voucher would pay on behalf of a low-income tenant in Port Charlotte, Florida for a two-bedroom apartment is between $1,242 and $1,518.
Sourced from federal housing data and AffordableHousingOnline.com research.
