What HUD offices serve Stock Island, 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 Stock Island.
How many renters live in Stock Island, Florida?
The City of Stock Island has people living in households.
There are renters living in renter households in this City. Renters make up 71.52 percent of the population living in Stock Island.
What is the rental market like in Stock Island, Florida?
There are an estimated housing units in the Stock Island area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Stock Island, Florida, there are 1.09 rental units.
What is the vacancy rate for rentals in Stock Island?
The rental vacancy rate in Stock Island is 9 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 Stock Island for each bedroom size?
Occupied Rental Units by Size in Stock Island
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 70 | 202 | 806 | 127 | 0 |
Occupied Rental Units by Size in Stock Island
A large number of apartments in Stock Island 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 Stock Island
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,556 to $3,426. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $1,556 |
| One BR | $1,730 |
| Two BR | $2,139 |
| Three BR | $2,812 |
| Four BR | $3,426 |
2024 Fair Market Rents in Stock Island, Florida
How many units are rented at Fair Market Rent (FMR) in Stock Island?
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 | 50 | 71 percent |
| One BR | 36 | 18 percent |
| Two BR | 295 | 37 percent |
Rental Units Below FMR in Stock Island, Florida
How many affordable rental units are in Stock Island?
There are a variety of federal affordable housing programs serving households in Stock Island, Florida including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | |
| Section 8 Project-Based Rental Assistance | |
| Section 236 Rental Assistance |
Tracked Units by Federal Program in Stock Island, Florida
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Stock Island, Florida
Stock Island features 0 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 Stock Island, Florida
There are 48 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Stock Island.
Housing Choice Vouchers in Stock Island, Florida
On average, Section 8 Housing Choice vouchers pay Stock Island landlords $1,100 per month towards rent. The average voucher holder contributes $600 towards rent in Stock Island.
The maximum amount a voucher would pay on behalf of a low-income tenant in Stock Island, Florida for a two-bedroom apartment is between $1,925 and $2,353.
Sourced from federal housing data and AffordableHousingOnline.com research.