Assets by market

Gainesville (over 100 units)

• There are 126 assets over 100 units in the market composing 28,033 total units.  Of those, 64% are market rate, 23% are student housing, and only 13% are affordable housing.
• Most non-college towns have between 70-80% of assets as market rate so it is no surprise Gainesville is lower.
• What is surprising is that Gainesville has by far the lowest percentage of assets in affordable housing, which if you live in Gainesville you know is a hot topic.  On average, most markets have about 25% of their assets in affordable housing.

Gainesville (10-99 units)

• The 10-99 unit chart tells much of the same story.  The differences are that there is nearly 40% more properties in this size range than the 100+ unit range, which is found mostly in the market rate category.  The student housing and affordable numbers are about the same as the 100+ units with the same very low affordable housing number issues.  

Tallahassee (over 100 units):

• There are 145 assets over 100 units in the market composing 28,391 total units.  Of those, only 41% are market rate, a whopping 43% are student housing, and only 16% are affordable housing.
• As stated above, most non-college towns have between 70-80% of assets as market rate so it is no surprise Tallahassee is lower.  In fact, they have the lowest market rate composition of the 6 markets and by far the highest student housing composition.
• Tallahassee also has a very low percentage of assets in affordable housing (16%).  Most markets have about 25% of their assets in affordable housing.

Tallahassee (10-99 units):

• The 10-99 unit chart has some pretty big differences.  There is nearly three times more 10-99 unit market rate properties than the 100+ unit properties. But the number of student and affordable projects are about the same. 

Ocala (over 100 units):

• There are only 25 assets over 100 units in the market composing 6,075 total units.  Of those, 56% are market rate, there is no student housing, and 44% are affordable housing. In a market like Ocala, where the population is small and there are fewer high paying jobs, it isn’t unusual to have a higher percentage of affordable housing projects.

Ocala (10-99 units):

• The 10-99 unit chart doesn’t have many surprises.  There are three times more 10-99 unit properties than 100+ unit properties with the bulk of them falling in the market rate sector.

Volusia County (over 100 units):

• Volusia County is composed of Daytona Beach, Ormond Beach, New Smyrna, Port Orange, Deland, Deltona, and Orange City to name the larger cities.
• There are 88 assets over 100 units in the market composing 18,127 total units.  Of those, 72% are market rate, only 2% are student housing, and 26% are affordable housing.  This is a very typical even distribution in non-college counties with average employment opportunities.

(Volusia County 10-99 units):

• There is two and half times more 10-99 unit market rate properties than 100+ unit properties, while the number of student properties are about the same.  In fact, among all 6 markets Volusia County has the highest percentage of market rate properties with 84% in this category.
• While there are more assets overall in this size category, only 14% are affordable housing. 

Orlando (over 100 units)

• Incredibly, there are 723 assets over 100 units in the market composing nearly 200,000 total units.  Of those, 72% are market rate, 3% are student housing, and 24% are affordable housing.
• When you combine all 6 markets, Orlando makes up 51% of all market rate properties and 51% of all affordable housing properties. That means Orlando has more market rate and affordable units than the other 5 markets combined!
• With the University of Central Florida’s 66,000+ enrollment, Orlando has nearly as many 100+ unit student housing assets as Gainesville; home of the #7 ranked university in the country.

(Orlando 10-99 units):

• There are about half the number of 10-99 unit properties in Orlando as there are 100+ unit properties.
• The are 25 student properties, and affordable housing has over 100 properties. 

Jacksonville (over 100 units)

• There are 381 assets over 100 units in the market composing 93,624 total units.  Of those, 74% are market rate, 1% are student housing, and 25% are affordable housing.
• Jacksonville is the second largest market rate and affordable market among the 6 central and north Florida markets. When you combine all 6 markets, Jacksonville makes up 28% of all market rate properties and 28% of all affordable housing properties over 100 units!  Between Orlando and Jacksonville combined, they make up nearly 80% of all market rate and affordable housing assets!
• With the two small public colleges, UNF and Florida State College of Jacksonville, there isn’t much need for dedicated student housing.

(Jacksonville 10-99 units):

• Jacksonville has almost as many 10-99 unit market rate properties as Orlando does, despite Orlando having significantly more 100+ unit market rate properties.