Affordable Housing In Bay County
Florida

24 Low Income Apartment Communities In Bay County

Pinnacle at Hammock Crossings

2206 Hammock Square Dr
Lynn Haven, Florida
$618-874
1-3 BR

Magnolia Pointe Apartments

2437 East 11th Street
Panama City, Florida
$563-813
2-4 BR

St Andrews Towers

24 Harrison Avenue
Panama City, Florida
Income Based
1 BR
Subsidized
62+

Reserve at Northshore

2101 W Highway 390
Lynn Haven, Florida
Call For Rent
1-4 BR

Royal Arms Apartments

1420 Balboa Avenue
Panama City, Florida
Call For Rent
1-3 BR
Subsidized

Pana Villa Redevelopment

1802 Flower Avenue
Panama City, Florida
Call For Rent
1-4 BR
Subsidized

Foxwood Apartments

1701 Hamilton Avenue
Panama City, Florida
Subsidized

Macedonia Gardens

1722 W 17th St
Panama City, Florida
Subsidized

Edgewood Garden Apartments

3325 W 23rd St
Panama City, Florida
Subsidized

Sand Dunes Apartments

8011 Front Beach Rd
Panama City Beach, Florida
Subsidized

Guide To Affordable Housing in Bay County, Florida

There are 24 low income housing apartment communities offering 2,657 affordable apartments for rent in Bay County, Florida.

Income Based Apartments in Bay County, Florida

Bay County features 1,379 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 Bay County, Florida

There are 1,278 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Bay County.

Housing Choice Vouchers in Bay County, Florida

On average, Section 8 Housing Choice vouchers pay Bay County landlords $600 per month towards rent. The average voucher holder contributes $300 towards rent in Bay County.

The maximum amount a voucher would pay on behalf of a low-income tenant in Bay County, Florida for a two-bedroom apartment is between $1,053 and $1,287.

2022 Bay County, Florida Fair Market Rents and Housing Choice Voucher Payment Standards

Fair Market Rents can be used to better understand the average housing costs of an area. Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program.

Studio One BR Two BR Three BR Four BR
Bay County, Florida Fair Market Rent $903 $1,010 $1,170 $1,613 $1,983
Bay County, Florida Payment Standard Range $813 to $993 $909 to $1,111 $1,053 to $1,287 $1,452 to $1,774 $1,785 to $2,181

Sourced from federal housing data and AffordableHousingOnline.com research.

Bay County, FL Affordable Housing Snapshot

Total Affordable Apartment Properties 24
Total Low Income Apartments 2,657
Total Housing Units with Rental Assistance 1,379
Percentage of Housing Units Occupied By Renters 38.55%
Average Renter Household Size 2.57
Average Household Size 2.54
Median Household Income $47,368 ±$1,318
Median Rent $922 ±$21
Percentage Of Renters Overburdened 49.45% ± 2.92pp
Total Population 175,353

Population and Household Demographics

Bay County is a county in Florida with a population of 175,353. There are 67,922 households in the county with an average household size of 2.54 persons. 38.55% of households in Bay County are renters.

Income and Rent Overburden in Bay County

The median gross income for households in Bay County is $47,368 a year, or $3,947 a month. The median rent for the county is $922 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Bay County, a household making less than $3,073 a month would be considered overburdened when renting an apartment at or above the median rent. 49.45% of households who rent are overburdened in Bay County.

Area Median Income In Bay County

Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.

In Bay County, HUD calculates the Area Median Income for a family of four as $67,200

Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.

Rental Assistance in Bay County

Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.

Income Qualifications for HUD Rental Assistance in Bay County

1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% AMI Income Limits
Renters earning up to 30% of the Bay County AMI may qualify for rental assistance programs that target Extremely Low Income households.
$14,150 $17,420 $21,960 $26,500 $31,040 $35,580 $40,120 $44,400
50% AMI Income Limits
Renters earning up to 50% of the Bay County AMI may qualify for rental assistance programs that target Very Low Income households.
$23,550 $26,900 $30,250 $33,600 $36,300 $39,000 $41,700 $44,400
80% AMI Income Limits
Renters earning up to 80% of the Bay County AMI may qualify for rental assistance programs that target Low Income households.
$37,650 $43,000 $48,400 $53,750 $58,050 $62,350 $66,650 $70,950

Cities In Bay County

Select A City to View its Apartment Communities and Waiting Lists.

City Served By
Callaway
Cedar Grove
Laguna Beach
Lower Grand Lagoon
Lynn Haven
Mexico Beach
Panama City The HUD funded Public Housing Agency that serves Panama City is the Panama City Housing Authority.
Panama City Beach
Parker
Pretty Bayou
Springfield The HUD funded Public Housing Agency that serves Springfield is the Housing Authority of Springfield.
Tyndall AFB
Upper Grand Lagoon