How many renters live in Quincy, Florida?
The City of Quincy has people living in households.
There are renters living in renter households in this City. Renters make up 41.58 percent of the population living in Quincy.
What is the rental market like in Quincy, Florida?
There are an estimated housing units in the Quincy area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Quincy, Florida, there are 1.12 rental units.
What is the vacancy rate for rentals in Quincy?
The rental vacancy rate in Quincy 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 Quincy for each bedroom size?
Occupied Rental Units by Size in Quincy
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms 0 70 508 459 99 Occupied Rental Units by Size in Quincy
A large number of apartments in Quincy 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 Quincy
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,062 to $1,903. FMRs are updated annually by HUD for every city and county nationwide.
Bed Size 2024 Fair Market Rents Studio $1,062 One BR $1,183 Two BR $1,339 Three BR $1,708 Four BR $1,903 2024 Fair Market Rents in Quincy, Florida
How many units are rented at Fair Market Rent (FMR) in Quincy?
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 One BR 56 80 percent Two BR 440 87 percent Rental Units Below FMR in Quincy, Florida
How many affordable rental units are in Quincy?
There are a variety of federal affordable housing programs serving households in
Quincy, Florida including the following: Rental units may be funded in part by multiple federal programs.Federal Program Unit Count Low Income Housing Tax Credit Section 8 Project-Based Rental Assistance USDA Section 515 Rural Rental Housing Tracked Units by Federal Program in Quincy, Florida
Income Based Apartments in Quincy, Florida
Quincy features 452 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 Quincy, Florida
There are 120 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Quincy.
Housing Choice Vouchers in Quincy, Florida
On average, Section 8 Housing Choice vouchers pay Quincy landlords $600 per month towards rent. The average voucher holder contributes $400 towards rent in Quincy.
The maximum amount a voucher would pay on behalf of a low-income tenant in Quincy, Florida for a two-bedroom apartment is between $1,205 and $1,473.
Sourced from federal housing data and AffordableHousingOnline.com research.