How many renters live in Taylor County, Florida?
The County of Taylor County has 21,421 people living in 7,465 households.
There are 4,603 renters living in 1,686 renter households in this County. Renters make up 21.49 percent of the population living in Taylor County.
What is the rental market like in Taylor County, Florida?
There are an estimated 11,110 housing units in the Taylor County area. Of these, 2,034 units are rental homes, making up 18 percent of the housing market. For every renter household in Taylor County, Florida, there are 1 rental units.
What is the vacancy rate for rentals in Taylor County?
The rental vacancy rate in Taylor County is 17 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 Taylor County for each bedroom size?
Occupied Rental Units by Size in Taylor County
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 19 | 200 | 582 | 632 | 232 |
Occupied Rental Units by Size in Taylor County
A large number of apartments in Taylor County 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 Taylor County are overburdened by housing costs?
Among renter households in this market, 42 percent have housing cost burden. Further, 6 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 Taylor County
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $774 to $1,536. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $774 |
| One BR | $778 |
| Two BR | $905 |
| Three BR | $1,240 |
| Four BR | $1,536 |
2024 Fair Market Rents in Taylor County, Florida
How many units are rented at Fair Market Rent (FMR) in Taylor County?
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 | 19 | 100 percent |
| One BR | 53 | 27 percent |
| Two BR | 356 | 61 percent |
Rental Units Below FMR in Taylor County, Florida
How many affordable rental units are in Taylor County?
There are a variety of federal affordable housing programs serving households in Taylor County, Florida including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 200 |
| Section 8 Project-Based Rental Assistance | 100 |
| Section 811 Supportive Housing for Persons with Disabilities | 14 |
| USDA Section 515 Rural Rental Housing | 136 |
Tracked Units by Federal Program in Taylor County, Florida
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Taylor County, Florida
Taylor County features 236 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 Taylor County, Florida
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Taylor County.
Housing Choice Vouchers in Taylor County, Florida
On average, Section 8 Housing Choice vouchers pay Taylor County landlords $600 per month towards rent. The average voucher holder contributes $400 towards rent in Taylor County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Taylor County, Florida for a two-bedroom apartment is between $815 and $996.
Sourced from federal housing data and AffordableHousingOnline.com research.
