How many renters live in Sebring, Florida?
The City of Sebring has people living in households.
There are renters living in renter households in this City. Renters make up 46.4 percent of the population living in Sebring.
What is the rental market like in Sebring, Florida?
There are an estimated housing units in the Sebring area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Sebring, Florida, there are 1.1 rental units.
What is the vacancy rate for rentals in Sebring?
The rental vacancy rate in Sebring is 5 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 Sebring for each bedroom size?
Occupied Rental Units by Size in Sebring
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 179 | 486 | 1,000 | 537 | 138 |
Occupied Rental Units by Size in Sebring
A large number of apartments in Sebring 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 Sebring
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $757 to $1,831. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $757 |
| One BR | $850 |
| Two BR | $1,117 |
| Three BR | $1,391 |
| Four BR | $1,831 |
2024 Fair Market Rents in Sebring, Florida
How many units are rented at Fair Market Rent (FMR) in Sebring?
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 | 101 | 56 percent |
| One BR | 445 | 92 percent |
| Two BR | 679 | 68 percent |
Rental Units Below FMR in Sebring, Florida
How many affordable rental units are in Sebring?
There are a variety of federal affordable housing programs serving households in Sebring, Florida including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | |
| Section 8 Project-Based Rental Assistance | |
| Section 811 Supportive Housing for Persons with Disabilities | |
| USDA Section 515 Rural Rental Housing |
Tracked Units by Federal Program in Sebring, Florida
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Sebring, Florida
Sebring features 404 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 Sebring, Florida
There are 166 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Sebring.
Housing Choice Vouchers in Sebring, Florida
On average, Section 8 Housing Choice vouchers pay Sebring landlords $600 per month towards rent. The average voucher holder contributes $200 towards rent in Sebring.
The maximum amount a voucher would pay on behalf of a low-income tenant in Sebring, Florida for a two-bedroom apartment is between $1,005 and $1,229.
Sourced from federal housing data and AffordableHousingOnline.com research.