How many renters live in Saint Augustine, Florida?
The City of Saint Augustine has 14,642 people living in 5,833 households.
There are 4,571 renters living in 1,989 renter households in this City. Renters make up 31.22 percent of the population living in Saint Augustine.
What is the rental market like in Saint Augustine, Florida?
There are an estimated 7,915 housing units in the Saint Augustine area. Of these, 2,102 units are rental homes, making up 27 percent of the housing market. For every renter household in Saint Augustine, Florida, there are 1 rental units.
What is the vacancy rate for rentals in Saint Augustine?
The rental vacancy rate in Saint Augustine 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 Saint Augustine for each bedroom size?
Occupied Rental Units by Size in Saint Augustine
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 86 | 521 | 1,012 | 233 | 31 |
Occupied Rental Units by Size in Saint Augustine
A large number of apartments in Saint Augustine 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 Saint Augustine are overburdened by housing costs?
Among renter households in this market, 59 percent have housing cost burden. Further, 29 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 Saint Augustine
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,240 to $2,579. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $1,240 |
| One BR | $1,354 |
| Two BR | $1,604 |
| Three BR | $2,027 |
| Four BR | $2,579 |
2024 Fair Market Rents in Saint Augustine, Florida
How many units are rented at Fair Market Rent (FMR) in Saint Augustine?
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 | 63 | 73 percent |
| One BR | 379 | 73 percent |
| Two BR | 516 | 51 percent |
Rental Units Below FMR in Saint Augustine, Florida
How many affordable rental units are in Saint Augustine?
There are a variety of federal affordable housing programs serving households in Saint Augustine, Florida including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 100 |
| Section 8 Project-Based Rental Assistance | 79 |
Tracked Units by Federal Program in Saint Augustine, Florida
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Saint Augustine, Florida
Saint Augustine features 273 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 Saint Augustine, Florida
There are 794 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Saint Augustine.
Housing Choice Vouchers in Saint Augustine, Florida
On average, Section 8 Housing Choice vouchers pay Saint Augustine landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Saint Augustine.
The maximum amount a voucher would pay on behalf of a low-income tenant in Saint Augustine, Florida for a two-bedroom apartment is between $1,444 and $1,764.
Sourced from federal housing data and AffordableHousingOnline.com research.
