Affordable Housing In Big Pine Key
Monroe County, Florida

1 Low Income Apartment Communities In Big Pine Key

Atlantic Pines Apartments

400 County Rd, suite 5
Big Pine Key, Florida
Call For Rent
2 BR
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Section 8 Vouchers, Apartments, and Waiting Lists in Big Pine Key, 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.

Households who qualify for these programs may also qualify for Project-Based Section 8, which contributes rental assistance payments directly to private landlords on behalf of low-income tenants. Eligibility for the project-based program is similar to the voucher programs, but waiting list and application policies will vary depending on the landlord.

Public Housing Agencies Serving Big Pine Key, Florida

Housing Authority Programs
Monroe County Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing

Guide To Affordable Housing in Big Pine Key, Florida

There are 1 low income housing apartment communities offering 14 affordable apartments for rent in Big Pine Key, Florida.

Income Based Apartments in Big Pine Key, Florida

Big Pine Key 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 Big Pine Key, Florida

There are 14 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Big Pine Key.

Housing Choice Vouchers in Big Pine Key, Florida

On average, Section 8 Housing Choice vouchers pay Big Pine Key landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Big Pine Key.

The maximum amount a voucher would pay on behalf of a low-income tenant in Big Pine Key, Florida for a two-bedroom apartment is between $1,583 and $1,935.

2022 Big Pine Key, 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
Big Pine Key, Florida Fair Market Rent $1,333 $1,370 $1,759 $2,261 $2,993
Big Pine Key, Florida Payment Standard Range $1,200 to $1,466 $1,233 to $1,507 $1,583 to $1,935 $2,035 to $2,487 $2,694 to $3,292

Sourced from federal housing data and AffordableHousingOnline.com research.

Big Pine Key, FL Affordable Housing Snapshot

Total Affordable Apartment Properties 1
Total Low Income Apartments 14
Total Housing Units with Rental Assistance 0
Percentage of Housing Units Occupied By Renters 25.08%
Average Renter Household Size 2.65
Average Household Size 2.41
Median Household Income $59,821 ±$12,140
Median Rent $1,293 ±$160
Percentage Of Renters Overburdened 32.16% ± 13.42pp
Total Population 4,716

Population and Household Demographics

Big Pine Key is a city in Monroe County, Florida with a population of 4,716. There are 1,922 households in the city with an average household size of 2.41 persons. 25.08% of households in Big Pine Key are renters.

Income and Rent Overburden in Big Pine Key

The median gross income for households in Big Pine Key is $59,821 a year, or $4,985 a month. The median rent for the city is $1,293 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Big Pine Key, a household making less than $4,310 a month would be considered overburdened when renting an apartment at or above the median rent. 32.16% of households who rent are overburdened in Big Pine Key.

Area Median Income In Big Pine Key

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.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Big Pine Key, the AMI is calculated from all households within Monroe County.

In Big Pine Key, HUD calculates the Area Median Income for a family of four as $84,400

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 Big Pine Key

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 Big Pine Key

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 Big Pine Key AMI may qualify for rental assistance programs that target Extremely Low Income households.
$21,350 $24,400 $27,450 $30,500 $32,950 $35,580 $40,120 $44,660
50% AMI Income Limits
Renters earning up to 50% of the Big Pine Key AMI may qualify for rental assistance programs that target Very Low Income households.
$35,600 $40,700 $45,800 $50,850 $54,950 $59,000 $63,100 $67,150
80% AMI Income Limits
Renters earning up to 80% of the Big Pine Key AMI may qualify for rental assistance programs that target Low Income households.
$56,950 $65,100 $73,250 $81,350 $87,900 $94,400 $100,900 $107,400