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An extensive list of coronavirus resources for low-income households can be found here.

Affordable Housing In Bay County

23 Low Income Apartment Communities In Bay County

Pinnacle at Hammock Crossings

2206 Hammock Square Dr
Lynn Haven, Florida
1-3 BR
Accepts Vouchers

Magnolia Pointe Apartments

2437 East 11th Street
Panama City, Florida
2-4 BR
Accepts Vouchers

St Andrews Towers

24 Harrison Avenue
Panama City, Florida
Income Based
1 BR

Royal Arms Apartments

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

Pana Villa Redevelopment

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

Foxwood Apartments

1701 Hamilton Avenue
Panama City, Florida

Macedonia Gardens

1722 W 17th St
Panama City, Florida

Edgewood Garden Apartments

3325 W 23rd St
Panama City, Florida

Sand Dunes Apartments

8011 Front Beach Rd
Panama City Beach, Florida

Scattered Sites

2051 Lisenby Ave
Panama City, Florida

Guide To Affordable Housing in Bay County, Florida

There are 23 low income housing apartment communities offering 2,457 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 1,078 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 $845 and $1,033.

2020 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
Fair Market Rent $735 $805 $939 $1,318 $1,480
Payment Standard Range $662 to $809 $725 to $886 $845 to $1,033 $1,186 to $1,450 $1,332 to $1,628

Sourced from federal housing data and research.

Bay County, FL Affordable Housing Snapshot

Total Affordable Apartment Properties 23
Total Low Income Apartments 2,457
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 $72,000

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

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $14,600 $17,240 $21,720 $26,200 $30,680 $35,160 $39,640 $44,120
50% of Median $24,300 $27,800 $31,250 $34,700 $37,500 $40,300 $43,050 $45,850
80% of Median $38,850 $44,400 $49,950 $55,500 $59,950 $64,400 $68,850 $73,300

Cities In Bay County

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

City Served By
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
Pretty Bayou
Springfield The HUD funded Public Housing Agency that serves Springfield is the Housing Authority of Springfield.
Tyndall AFB
Upper Grand Lagoon